Ball Ventures sells Texas and Arkansas retail portfolio

Source: Institute for Real Estate Operating Companies

Ball Ventures has sold a 514,983-square-foot retail portfolio spanning Texas and Arkansas.

JLL worked on behalf of the seller. The buyer was Chase Properties.

The Southwest Retail Portfolio comprises four retail properties strategically located across Texas and Arkansas: Killeen Marketplace in Killeen, Texas; Southloop Crossing in Lufkin, Texas; Southcenter Shopping Center in Hot Springs, Ark.; and Massard Crossing in Fort Smith, Ark. The portfolio boasts a 97 percent occupancy rate with average tenant tenure exceeding 17.9 years.

The properties feature national tenants including Kroger, Ross Dress for Less, Best Buy, Hobby Lobby, Michaels and Old Navy. About 91 percent of the portfolio's income comes from national and credit tenants, providing stable cash flow.

Each center benefits from visibility and accessibility with locations along major thoroughfares, including Interstate 14, Highway 287, Highway 7 and Highway 22. The assets feature highway frontage and are positioned within established retail corridors in their markets.