JLL Brokers Sale of 220,938 SF Retail Portfolio in Lubbock, Brownwood

by Taylor Williams

LUBBOCK AND BROWNWOOD, TEXAS — JLL has brokered the sale of a portfolio of two retail properties totaling 220,938 square feet in Texas. Northpark Village is a 70,479-square-foot center in Lubbock that is anchored by United Supermarkets. Commerce Square is a 150,459-square-foot center in Brownwood, about 150 miles southwest of Fort Worth, that is home to tenants such as Aldi, T.J. Maxx, Boot Barn, Harbor Freight, Buffalo Wild Wings and Hibbett Sports. Both centers were fully leased at the time of sale. Chris Gerard and Adam Howells of JLL represented the seller, Cincinnati-based shopping center REIT Phillips Edison & Co., in the transaction. The buyer was Dallas-based Dunhill Partners.

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