Midas Investments And GC Land Partners Acquire 102-Acre Development Site In Pilot Point, Texas

Development site consisting of 102 acres located at FM 1385 and G.A. Moore Parkway in Pilot Point, Texas. The property approved for potential apartments, restaurants, a gas station, and trails, is positioned near Hillwood’s 2,000-home Lantern community.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not specified
• Buyers: Raj Veer & Babu Bagham - Midas Investments; Gail Peyton & Richard Kincheloe - GC Land Partners
• Seller: Gene McCutchin LTD III - McCutchin family
• Buyer's Representative: Caleb Lavey - Rex Real Estate
• Seller's Representative: Ben McCutchin - Younger Partners
• Acquisition: Midas Investments acquired 53.8 acres and GC Land Partners bought 49 acres

As development accelerates along the FM 1385 corridor, the site is strategically located to support mixed-use development opportunities, adding to the area's growth potential. Both acquiring companies, Midas Investments and GC Land Partners, are focusing on diversifying the developments within Pilot Point Town Center.