Victory Real Estate Group And Wolff Companies Acquire 26.67 Acres In Red Oak From George Kell

The property asset involved in the transaction is a development site comprising approximately 26.67 acres located at 2600 Ovilla Road in Red Oak, Texas. This site is set for a mixed-use development along the I-35E corridor. The parcel is designed to incorporate a combination of retail and multifamily units.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not Specified
• Address: 2600 Ovilla Road
• Market: Red Oak
• Asset Size: 26.67 acres
• Buyer: Victory Real Estate Group & Wolff Companies
• Seller: George Kell
• Seller's Representative: Dillon Cook & Milton Black - Range Realty Advisors

Range Realty Advisors facilitated the deal, successfully representing the seller in the transaction, which involved a simultaneous closing. The future project will allocate approximately 14 acres for Halogen Red Oak, a 336-unit multifamily community, while ±12.67 acres are planned for retail, restaurant, and commercial spaces intended to serve the local population.