G3C Operating Acquires Central Texas Marketplace Retail Property From Ball Ventures In Waco

The retail asset sold is located at 4627-4633 South Jack Kultgen Expressway in Waco. The property encompasses 181,708 square feet and is known as the Central Texas Marketplace. It is anchored by notable tenants including Sprouts, Best Buy, Office Depot, and Burlington, and has an average tenant tenure of 12.4 years, ensuring stable cash flow.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 4627-4633 South Jack Kultgen Expressway
• Market: Waco
• Buyer: G3C Operating
• Seller: Ball Ventures
• Brokerage Firm: JLL
• Brokers Involved: Adam Howells, Barry Brown, Erin Lazarus, and Brennan Fewin

This transaction involved the sale of the property from Ball Ventures to G3C Operating, facilitated by the brokerage team from JLL, which consisted of representatives Adam Howells, Barry Brown, Erin Lazarus, and Brennan Fewin. The transaction highlights the expertise of the brokerage team in handling significant retail property deals in the market.