Prosper shopping center trades at 100% occupancy in nation's fastest-growing suburb

DALLAS, July 10, 2026 –  JLL Capital Markets announced today that it has arranged the successful sale of Shops at Prosper Trail, an 86,698-square-foot retail center 35 miles north of downtown Dallas in Prosper, Texas.

JLL worked on behalf of the seller, Dallas-based Younger Partners Investments. The buyer was Phillips Edison & Company.

Built in 2016, Shops at Prosper Trail is 100% occupied and strategically positioned at the intersection of Preston Road and Prosper Trail, which combine for over 43,000 vehicles per day. The property ranks in the 94th percentile of neighborhood centers nationally for performance and leads all centers within a five-mile radius in visits per square foot, attracting three million annual visitors.

The center serves one of the nation's most affluent and rapidly expanding markets. The three-mile trade area boasts an average household income of $189,083 and has experienced 31% population growth since 2020. By 2049, Prosper's population is projected to grow an additional 70%, supported by over 8,000 multi-family units currently under construction within a 10-mile radius.

Located in North Collin County, the property benefits from limited immediate grocery competition, with the nearest major competitors ranging from five to eight miles away. An HEB grocery store is currently under construction less than five miles from the center.

“This grocery-anchored open-air shopping center has been a wonderful investment for us,” said Micah Ashford, Managing Director of Younger Partners Investments. “We brought it to full occupancy and exceeded our investors' expectations with the sale. We anticipate rent growth remaining strong in North Texas as we continue to grow our retail platform.” 

JLL Capital Market’s Sales and Advisory team representing the seller was led by Senior Managing Director Adam Howells and Director Erin Myer.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Dallas-based Younger Partners Investments (YPI) was formed in 2020 to acquire retail investment properties across Texas. From neighborhood grocery-anchored centers to lifestyle shopping centers, YPI seeks opportunities to create value for investors by acquiring unassailable assets. With a vision for excellence and a team of experienced principals in place, YPI approaches each prospective acquisition with an eye for quality and realistic expectations to create long-term value for our investors. Our affiliate, Younger Partners (YP), provides high-quality leasing and property management for our assets. For more information, please visit www.youngerpartnersinvestments.com. 

YPI acquired its first retail asset in 2021. The YPI portfolio totals more than one million square feet and includes several retail centers: 380 Towne Crossing, Heath Town Center, Longview Towne Crossing, Midlothian Towne Crossing, Artisan Circle and Presidio Junction.

Phillips Edison & Company, Inc. (“PECO”) is one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers. Founded in 1991, PECO has generated strong results through its vertically integrated operating platform and national footprint of well-occupied shopping centers. PECO’s centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally strong markets throughout the United States. PECO’s top grocery anchors include Kroger, Publix, Albertsons, and Ahold Delhaize. As of March 31, 2026, PECO managed 326 shopping centers, including 299 wholly owned centers comprising 33.7 million square feet across 31 states and 27 shopping centers owned in three institutional joint ventures. PECO is focused on creating great omni-channel, grocery-anchored shopping experiences and improving communities, one neighborhood shopping center at a time.