MIDLOTHIAN, TX-A 560-acre mixed-use development site along U.S.Highways 287 and 67 has been listed for $20 million.
The local owner, Fulson Midlothian Partners LP, spent the pastseven years assembling the land and gaining entitlements. The plancalls for a mix of development including retail, hotel, office,multifamily and single-family residential, according to JohnBarker, vice president of investments and director of Marcus &Millichap Real Estate Investment Services. He and Creighton Stark,a senior associate in the firm's Dallas office, are representingthe seller.
The parcel features 1.5 miles of frontage along Highway 287 andhalf a mile of frontage on Highway 67. It generates combinedtraffic counts of approximately 131,000 vehicles per day.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
