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Super-Regional Center near Jackson, MS, Powers through $37M Sale
JLL Capital Markets has closed the $37-million sale of Market Street Flowood, a 263,852-square-foot super-regional power center with office space in the Jackson-area community of Flowood, MS.
The JLL retail capital markets team represented the seller, Trademark Property Company. Houston-based 5Rivers CRE acquired the asset.
Completed in 2010, Market Street Flowood 96% leased and anchored by Bed Bath & Beyond, Dick’s Sporting Goods, DSW, Michaels and Ulta Beauty.
It is situated on 26.65 acres in an affluent suburb northeast of downtown Jackson, which is the largest MSA and state capital of MS. The area surrounding the center includes nearly 60,000 residents within a five-mile radius who earn an average annual household income of $91,811.
The power center is visible to more than 40,097 vehicles per day.
- ◦Sale/Acquisition
