Phillips Edison Acquires Lake Pointe Market Retail Center In Rowlett, Texas

A retail center located at 6702 Dalrock Road in Rowlett, Texas, has been sold. The property, known as Lake Pointe Market, spans approximately 40,589 square feet and is situated in a strategic location near major highways and schools. The center is anchored by Tom Thumb and features a diverse tenant mix.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 6702 Dalrock Road, Rowlett, Texas
• Market: Rowlett
• Asset Size: 40,589 square feet

The buyer of Lake Pointe Market is Jeffrey S. Edison, representing Phillips Edison. The seller in this transaction is Main Street Investment Company. The deal was facilitated by Adam Howells, Chris Gerard, and Megan Babovec from JLL, who served as brokers during the transaction.

JLL Capital Markets successfully completed the sale of Lake Pointe Market to Phillips Edison. With its prime location and diverse tenant mix, the retail center presents a lucrative investment opportunity.