Vijay Konda And Shreyans Jain Acquire 500 Acres For Evening Star Ranch Development In Terrell

The asset involved in this transaction is a development site located at 16242 State Highway 34 in Terrell, spanning 500 acres. The planned development will include 1,000 homes, 800 apartments, and nearly 200,000 square feet of commercial space.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Undisclosed
• Address: 16242 State Highway 34
• Market: Terrell
• Acres: 500
• Buyer: Vijay Konda & Shreyans Jain - CM Realty LLC
• Broker: Rex Glendenning - Rex Real Estate

Rex Glendenning of Rex Real Estate represented both the buyer and seller in this transaction. The deal was finalized on January 27th, and the property is intended for the development of the Evening Star Ranch community.