Whole Foods-anchored retail center trades hands in Fort Worth

DALLAS, Mar. 3, 2025 –  JLL Capital Markets announced today that it has secured the sale of Waterside.

JLL represented the seller, Trademark Property Company in partnership with Swift Creek Real Estate Partners LLC (“Swift Creek Partners”). The buyer was The Georgetown Company LLC.

Waterside, strategically positioned at 3270 Convair Dr. in Fort Worth, offers excellent visibility and attracts an impressive number of visitors annually. Surrounded by prosperous residential areas, the center's prime location provides easy accessibility to the nearby Chisholm Trail Parkway and Downtown Fort Worth.

Southwest Fort Worth is an affluent suburb known for its rapid growth and high-quality developments. The area boasts strong demographics, with average household incomes exceeding $113,000 within a 10-minute drive of the property. This demographic, coupled with ongoing residential growth, contributes to Waterside's strong performance and long-term income stability.

The thriving 12.6-acre retail center of Waterside is currently 98% leased and anchored by Whole Foods, the only location within a 20-mile radius. The property features a synergistic mix of national and local tenants such as REI, Tricky Fish and First Watch. Catering to the surrounding suburban community, the center boasts impressive tenant sales growth of 25% since 2021.

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Directors Chris Gerard and Barry Brown, Director Erin Lazarus and Analyst Andrew Griffin.

"The sale of Waterside represents the strong demand for core grocery-anchored retail in high-growth submarkets in Texas. We saw significant interest from institutional investors as well as private capital, representing a diverse and deep buyer pool for this quality asset," Gerard said.

"Our team has successfully closed on one of the most attractive Whole Foods-anchored shopping center transactions in the Fort Worth market," Brown added. "Demand continues to rise for these opportunities as capital seeks well-performing grocery-anchored retail in thriving submarkets."

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.

For more news, videos and research resources, please visit JLL’s newsroom.

Trademark Property Company is a full service real estate firm dedicated to rethinking the future of retail, multifamily and mixed-use spaces. As extraordinary stewards, they aim to enhance communities and enrich lives by starting each project with a deep understanding of its unique history and context. Trademark's approach involves listening to all stakeholders, ensuring that their developments are tailored to meet the specific needs of each community they serve.

The Georgetown Company, founded in 1978 and led by CEO Adam Flatto, is a privately-held diversified real estate company with offices across the United States. With over 40 years of experience, Georgetown has developed, owned and overseen more than 25 million square feet of various property types, currently controlling assets valued at over $3 billion. The company focuses on complex and diverse projects in major US markets, adhering to high standards of design, historical preservation and sustainability while working independently or in partnership with institutional and corporate entities.

Swift Creek Partners is a SEC-registered real estate private equity firm focusing primarily on direct real estate ownership and real estate advisory services. In 2024, Swift Creek Partners was founded by the management team and employees of Sarofim Realty Advisors. Swift Creek Partners currently has $2.0 billion in AUM.