The Huffines Auto Group is paying more than $25 million for 120acres, abutting the new Frisco Stonebriar Mall. The Huffinesproperty is situated at the intersection of the Dallas NorthTollway and Texas 121. American Realty Trust is the seller.

In addition to plans for a dealership, Huffines already hasmarketed a 12-acre parcel to Hammons Hotel. Development plans willadd a combination hotel and conference center.Another 28 acres hasbeen purchased by Graff Chevrolet in Grand Prairie and El DoradoChevrolet and Chrysler in McKinney. Plans reportedly call for adealership, restaurant and office structure.

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
NOT FOR REPRINT

© 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.