HOUSTON, April 27, 2023 -JLL Capital Markets announced today that it hasrecently closed the sale of two former Sears stores located in San Antonio, Texas and Lafayette, Louisiana. The total size of both properties is 365,857 square feet.
JLL marketed the two properties on behalf of the seller, and both properties were acquired by a unique investor.
The properties include:
· 6301 Northwest Loop 410, a 169,865-square-foot box space located at TX Ingram Mall in San Antonio, Texas.
· 5717 Johnston St, a 195,992-square-foot box space located at Acadiana Mall in Lafayette, Louisiana.
The JLL Retail Capital Markets team handling these transactions was led by Senior Managing Director Ryan West, Managing Director John Indelli and Managing Director Davis Adams.
"The two transactions demonstrate strong retailer and investor demand for available retail box space in high-quality locations. Fundamentals are very healthy throughout Texas and Louisiana with occupancy rates running north of 95% in these markets," Indelli said.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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Jones Lang LaSalle Inc. published this content on 27 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 15:11:06 UTC.
