The Shops at Park Lane

Jones Lang LaSalle (“JLL”) is pleased to extend the opportunity to acquire The Shops at Park Lane (the “Property,” “Asset,” or “Offering”), an iconic, mixed-use asset consisting of 566,866 SF of dominant Whole Foods and IKEA anchored retail, alongside 100,445 SF of Class A office space. The retail tenant roster boasts established, high-performing brands, including Nordstrom Rack, IKEA, HomeGoods, and American Girl, and the office component is 100% leased as the headquarters for Kosmos Energy. The Property is located in the heart of Dallas along the North Central Expressway (U.S. Highway 75), one of Dallas’ most heavily trafficked retail nodes, visible to 306,000 VPD. The corner of Park Lane and North Central Expressway produces over $2 Billion in annual commerce, with the Property located adjacent to the nationally recognized NorthPark Center.

The Offering delivers robust in-place cash flow with value enhancement via lease-up and mark-to-market opportunities, providing investors a 10-year CAGR of 4.04%. The Shops at Park Lane is a generational opportunity for investors to acquire irreplaceable real estate within Dallas’ coveted mixed-use district surrounded by the strongest demographics in the Metroplex.