JLL Capital Markets led the sales efforts for Central Texas Marketplace, a 181,708 SF retail power center along I-35
DALLAS, Oct. 1, 2025 – JLL Capital Markets announced today that it has completed the sale of Central Texas Marketplace, a 181,708-square-foot retail power center in Waco, Texas.
JLL marketed the property on behalf of the seller, Ball Ventures. G3C Operating, LLC, a James “Corky” Nix-entity, based in Dallas, was the buyer.
Central Texas Marketplace is located at 4627-4633 S Jack Kultgen Expy., fronting Interstate 35, which sees more than 49 million travelers every year. The property is positioned in a busy commercial corridor and is just minutes from Baylor University and Hillcrest Baptist Medical Center.
Built between 2005 and 2015, the property is adjacent to Phase 1 of Central Texas Marketplace that totals 526,000 square feet and is anchored by Cabela’s. The portion included in the sale includes Sprouts, Best Buy, Office Depot and Burlington Coat Factory. Average tenant tenure at the property is 12.4 years, offering a strong in-place cash flow.
The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Adam Howells and Barry Brown, Director Erin Lazarus and Analyst Brennan Fewin.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. 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 WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Ball Ventures
Founded in 2002, Ball Ventures is a privately held investment company with a concentration in real estate development and diversified asset holdings including private company principal investing, private equity fund investments, hospitality, automotive, healthcare, and energy. Ball Ventures has a team of approximately 60 talented employees responsible for projects in more than a dozen states.
About G3C Operating, LLC
G3C Operating, LLC is a private real estate company founded in 2013, based in Dallas, TX.