The property involved in the transaction is a development site located at 9391 County Road 423 in Anna, Texas, covering an area of 17.6 acres. The site is strategically located about 45 miles north of Dallas and is intersected by County Road 422, west of Anna’s Town Square. The parcel is in proximity to the under-construction Collin County Outer Loop, which will enhance connectivity to Dallas North Tollway and State Highways 5, 121, and 78.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not disclosed
• Address: 9391 County Road 423
• Market: Anna
• Acres: 17.6
• Buyer: Ascent Land Ventures
• Seller: Copeland, Cottrell, Adams Family
• Seller's Representative: Michael Ytem & Tyler Hemenway - Younger Partners
• Buyer's Representative: Brandon Kendall & Tom Dosch - Dosch Marshall Real Estate (DMRE)

The sale was brokered by Michael Ytem and Tyler Hemenway of Younger Partners, representing the sellers, the heirs of the Copeland, Cottrell, and Adams families. Brandon Kendall, an associate, and Tom Dosch, the principal of DMRE, negotiated on behalf of the buyer, Ascent Land Ventures LLC. The area has seen significant growth, with a reported 1,915% increase in development since 2015 and nearly 6,000 new residential units added, emphasizing its potential for residential, commercial, and industrial real estate development.