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Texas  + Dallas-Fort Worth  + Retail  | 

Mixed-Use Watters Creek in Allen, TX Sells to Dallas Investor

JLL Capital Markets negotiated the sale and arranged acquisition financing for Watters Creek at Montgomery Farm, a 458,091-square-foot, open-air, mixed-use, grocery-anchored retail and office center in Allen, TX, a suburb of the Dallas-Fort Worth community.

JLL marketed the property on behalf of the seller, a partnership between PCCP, LLC and Trademark Property Company. A partnership comprising Dallas-based Charter Holdings and DuWest Realty acquired the asset. Additionally, working on behalf of the new owner, JLL secured the five-year, floating-rate, non-recourse acquisition loan with Washington Federal Bank and Texas Capital Bank.

Three of the property’s 20 buildings contain 98,209 square feet of office space with tenants such as Regus, Mattison Avenue Salon Suites & Spa and TNP.

The JLL Retail Capital Markets team representing the seller was led by Senior Managing Director and Co-Head of U.S. Retail Capital Markets Barry Brown, Senior Managing Directors Chris Gerard and Ryan Shore and Analysts Greyson Fewin and Pauli Kerr.

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About Erik Hamilton

Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.

  • ◦Sale/Acquisition