Ben Weber Jr. Of Texas Republic Management Acquires 48 Acres In Pilot Point From Midas Investments

A development site consisting of 48 acres was acquired by Texas Republic Management, located at the northwest corner of FM 1385 and Mustang Road in Pilot Point, Texas. The asset was purchased from Midas Investments, represented by Raj Veer and Babu Bagham. The specific financial terms of the transaction remain undisclosed.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Undisclosed
• Address: Northwest Corner Of Fm 1385 & Mustang Road
• Market: Pilot Point, TX
• Asset Size: 48 acres
• Buyer: Ben Weber Jr. - Texas Republic Management
• Seller: Raj Veer & Babu Bagham - Midas Investments
• Broker: Rex Glendenning & Caleb Lavey - Rex Real Estate

The acquisition signifies Texas Republic Management's intent to hold the land for mixed-use development. This strategic purchase is situated directly across from a 95-acre site previously acquired by H-E-B, amidst ongoing growth efforts in Denton County facilitated by new housing and TxDOT road improvements.