Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Year Built 2007
Building Area

Property Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer qualified investors the opportunity to acquire Watters Creek at Montgomery Farms (“Watters Creek” or the “Property”), a grocery-anchored, open-air mixed-use destination consisting of 458,091 square feet of Class A retail and office space located within the high-growth neighborhood of Allen, TX. The 46-acre project is part of a greater 1.1 million-square-foot mixed-use district, which embodies Live-Work-Play-Stay, with a total of 712 multi-family units, 815,000 square feet of office, 300 hotel keys, as well as 79,000 square feet of convention center space all within walking distance of the Property.


Watters Creek is an unmatched mixed-use ecosystem combined with a well-established brand that is entrenched within the Allen/McKinney community. The Property is 87% occupied with 1.75-acres remaining of development potential – offering investors a unique opportunity to purchase a value-add asset with scale at an attractive relative basis.

Investment Highlights

  • Market Dominant
  • Walkable Mixed-Use District
  • Grocery-Anchored
  • 87% Leased
  • Expansive Trade Area
  • Explosive Population Growth
  • Diverse Cash Flow
Last Updated Date: 21 Sep 2021
Barry Brown
Barry Brown
Senior Managing Director, Retail Group Leader
License details
AL-000066272-0 CO-EA.100005864 MS-B17703 OK-140058 TX-0267878
Chris Gerard
Chris Gerard
Senior Managing Director, Capital Markets
License details
TX-555711

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Last Updated Date: 21 Sep 2021

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