R. Marshall Mills Of Weitzman Sells Retail Center At 7000 Independence Pkwy In Plano, TX

The property asset involved in the transaction is a grocery-anchored retail center, specifically Legacy Drive Village, located at 7000 Independence Parkway in Plano, Texas. The asset encompasses a total square footage of 138,266 and is fully occupied. The center is anchored by Kroger and boasts an average tenant tenure of 15 years, benefiting from strong demographics and traffic exposure.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Address: 7000 Independence Parkway
• Market: Plano, TX
• Seller: R. Marshall Mills - Weitzman
• Brokers: Chris Gerard, Kristi Leonard, Ben Pollack & Alex Fronterhouse - JLL

JLL Capital Markets facilitated the sale, successfully bringing in an institutional investor as an equity partner for the Weitzman-managed joint venture in this transaction. The retail center is noted for its 100% occupancy rate.