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

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.