It's one of those deals where final price and buyer's name areclosely guarded. Mariah Bay Development Inc., the buyer of record,is led by a prominent developer with expertise in adding value toraw land, Darrell Hurmis of Henry S. Miller Commercial in Dallastells GlobeSt.com. With time, the name will be provided. As for theprice tag, it came "fairly close" to the near $3.9 million soughtby the joint venture owner who had it in a land bank for the lastfour years, Hurmis says.

Hurmis, Robert Grunnah and Dave Valdez, all of Henry S. MillerCommercial, brokered both sides of the deal. 97 Rockwall IndustrialLtd. is the seller of record and represents a locally basedinvestment group. The property wasn't being actively marketed whenthe buyer surfaced, but 65 days later Mariah Bay became the newowner. "Everything we have is for sale at the right price," saysHurmis.

Mariah Bay right now is talking with Rockwall officials aboutrezoning part of the tract, according to Hurmis. The idea is todedicate 20 acres at the southeast corner of Interstate 30 and FM549, which leads to the municipality's technology park, for retailprojects. The balance of the land would be hawked tolight-industrial users. Hurmis confides that the Henry S. Millerteam already has placed "one or two" deals on the developer's deskalthough he is just plotting out the land plan.