Ersa Grae Corporation Acquires 347.69 Acres Of Land In Magnolia

The sale involved 347.69 undeveloped acres located near Magnolia, TX at the intersection of Riley Road and FM 1774. The property was purchased by Reza Ebrahimi of Ersa Grae Corporation, with the transaction facilitated by Colliers.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: Not specified
• Buyer: Reza Ebrahimi - Ersa Grae Corporation
• Sellers: Not mentioned
• Brokers: Chris Hutcheson, Harrison Kane & James Kadlick - Colliers

Colliers played a crucial role in representing both the buyer, Ersa Grae Corporation, and the seller in the transaction. Ersa Grae Corporation plans to develop a high-quality master planned community in Magnolia in collaboration with Avanti Properties Group, known for their expertise in building quality subdivisions.