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JPI Acquires 32-Acre Development Site In Grand Prairie Texas Represented By Younger Partners

Property Image
SOLD
John St. Clair
Davis Willoughby

Texas

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Development Site
Sold 08/14/2024
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Property Image
SOLD

JPI Acquires 32-Acre Development Site In Grand Prairie Texas Represented By Younger Partners

Development Site
Sold 08/14/2024
John St. Clair
Davis Willoughby
the dealplayerscompscontact
Contact now

Summary

Asset Type:Development Site
Transaction Type:Sale

The property involved in this transaction is a 32-acre development site located at the Northwest corner of Lake Ridge Parkway & Great Southwest Parkway in Grand Prairie, Texas. The site is zoned for multifamily use, making it a valuable asset in a high-demand area, despite facing challenges related to topography and floodplain issues.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: Not disclosed
  • Acres: 32
  • Address: Northwest corner of Lake Ridge Parkway & Great Southwest Parkway
  • Market: Grand Prairie
  • Buyer: JPI
  • Brokers: Davis Willoughby & John St. Clair - Younger Partners

This transaction was brokered by Davis Willoughby and John St. Clair from Younger Partners, who successfully facilitated the sale between JPI and the undisclosed seller. The involvement of JPI, a multifamily developer, indicates their interest in the site's potential given its zoning and location.

Players

John St. Clair
Young Partners
John St. Clair
6 deals
BROKER
Davis Willoughby
Young Partners
Davis Willoughby
5 deals(214) 238-8002
BROKER

Details

SOLD
IMAGE: Davis Willoughby & John St. Clair DATE: 08/14/2024 ADDRESS: Northwest corner of Lake Ridge Parkway & Great Southwest Parkway MARKET: Grand Prairie ASSET TYPE: Development Site ~ ACRES: 32 BUYER: JPI BROKERS: Davis Willoughby (@DavisWilloughby) & John St. Clair - Younger Partners (@YoungerPartners) NOTE: Younger Partners brokered the sale of 32 acres in Grand Prairie, Texas, to multifamily developer JPI, who saw potential in a site challenged by topography and floodplain issues. The deal, facilitated directly between JPI and the undisclosed seller, highlights the site's value as a rare, zoned-for-multifamily parcel in a high-demand area.

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