
The Shops at Park Lane
8080 Park Ln, Dallas, TX, 75231-5966, US
61,995 m²
JLL has been exclusively retained to present qualified investors with the opportunity to acquire The Village at Allen (the “Property” or the “Asset”), an 851,457 SF, 90% leased, market-dominant retail center in the heart of affluent Allen, Texas. The Property is the #1 shopping center in a 30-mile radius, attracting 11.5 million visits annually, and features an exceptional tenant roster including, Super Target (NAP), Dick’s Sporting Goods, Sierra Trading, T.J.Maxx/HomeGoods, Ross, Best Buy, Nordstrom Rack, Cabela’s (NAP), Ulta, Total Wine, Michaels, and HomeSense. Allen, Texas is one of DFW’s fastest growing suburbs, with 151% population growth since 2000 and an impressive $6.2 billion in consumer spending power.
The Village at Allen provides investors with a compelling acquisition opportunity with stable cash flow supported by 99% national big-box tenancy and nine single-tenant pads including Velvet Taco, Chase Bank, and TopGolf. Beyond its current stabilized performance, the asset provides immediate value add opportunities through shop space lease-up and eight acres of developable land. The combination of long-term cash flow stability and immediate upside positions. The Village at Allen as an exceptional opportunity to acquire a dominant retail destination, well below replacement cost in one of Texas’s most dynamic and rapidly growing markets.