Southlake medical-anchored retail center secures acquisition financing

DALLAS, July 22, 2026 –  JLL Capital Markets announced today that it has secured acquisition financing for Cornerstone Plaza, a fully leased retail center located in Southlake, Texas.

JLL successfully arranged financing from Hillcrest Bank, a division of NBH Bank, on behalf of the borrower, Brownlee Waggoner Holdings. Brownlee Waggoner Holdings is a Texas based Real Estate Investment platform focused primarily on retail acquisitions throughout Texas, led by industry veterans - Bo Brownlee, Easley Waggoner, Jr. and John Brownlee.  

Cornerstone Plaza is strategically positioned at 2707-2727 East Southlake Blvd., less than half a mile from Highway 114, which sees 150,000 vehicles per day. This prime location along a dominant retail corridor provides excellent accessibility and visibility, drawing customers from Southlake's affluent surrounding communities. The center benefits from its proximity to Southlake Town Square, which generates eight million visits annually, and sits just four miles from Dallas Fort Worth International Airport.

The retail center was originally built in 2002 and comprises 51,664 square feet of net rentable area across two buildings situated on 5.9 acres with 273 parking spaces. The property is 100% leased to eight tenants and features a 9.7-year weighted average lease term. Cook Children's Medical Center, a large nonprofit pediatric health system operating 60-plus primary, specialty and urgent care locations throughout Texas, serves as the credit-backed anchor tenant under a net lease. Additional tenants include Activate Games, Cristina's Mexican Restaurant, Smoothie King and several service-oriented businesses.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director John Rose, Director Kristi Leonard and Associate Chad Lisbeth.

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.

For more news, videos and research resources, please visit JLL’s newsroom.

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.