Rise Commercial Acquires 28.58 Acres Development Site In Frisco From Brookfield Properties

The transaction involved the purchase of a development site located at 4999 South Custer Road, spanning 1,244,945 square feet. The asset is situated in the Frisco market and falls under the category of retail land, specifically within The Grove Development at the northwest corner of Custer and Main. The sale was successfully completed on December 17, 2024.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not specified
• Address: 4999 South Custer Road
• Market: Frisco
• Asset Size: 1,244,945 SF
• Buyer: Shiva Kondru - Rise Commercial
• Seller: Brookfield Properties
• Buyer's Representative: Scott Rodgers & Chris Janowski - Duwest Realty
• Seller's Representative: Demian Salmon & Chap Bernet - Stream Realty Partners

The deal was facilitated with Rise Commercial represented by DuWest Realty, specifically by Scott Rodgers and Chris Janowski. The seller, Brookfield Properties, was represented by Demian Salmon and Chap Bernet from Stream Realty Partners. The transaction involved the acquisition of 28.58 acres of retail land, contributing to the development of The Grove in Frisco, Texas.