JF3 Properties LLC Buys 20 Acres Fronting I-20 In Waskom From Johnson Investments

The transaction involves a development site consisting of 20 acres located fronting I-20 in Waskom, Texas. The site is part of a larger 134-acre property that remains on the market. The property has been associated with the Johnson family for over 50 years and is planned to be utilized as a construction equipment yard.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not disclosed
• Address: I-20, Waskom
• Asset Size: 20 acres
• Buyer: JF3 Properties LLC, Inc
• Seller: Johnson Investments
• Broker: Ben McCutchin - Younger Partners

Ben McCutchin of Younger Partners represented the seller, Johnson Investments, in the transaction involving the sale of the 20 acres to JF3 Properties LLC, Inc. This deal reflects a significant sale from a long-term family-owned asset in the real estate market.