EULESS, TX-Labeling the deal as purely luck, a Dallas development group has acquired 183 acres in simultaneous, off-market transactions with 23 heirs of land homesteaded in the 1800s and their neighbor. The land assembly will be built out with $300 million to $350 million of mixed-use, lifestyle product.

Kent Donahue, owner of Donahue Development Corp., tells that the just-bought land will be planned for 800,000 sf to one million sf of retail, restaurant and entertainment space plus a “to-be-determined” residential component. The buyer of record, Glade 121 LP, got one mile of frontage along Texas 121 and a foothold at the hard corner of Cheeksparger and Glade roads in Euless with the first pass of the Harrington land since it was homesteaded.

Donahue says the New Urbanism development should be ready to break ground in third quarter 2006. A conceptual plan for the “121 gateway district” has been filed with the city. Donahue is interviewing architects and leasing agents for the development, which has yet to be named.

Donahue says talks began in December 2004 with the Harrington family heirs. “It was just timing,” he says about lobbing the unsolicited offer. “Some of the family members were maturing and felt it was time to sell. And, we were at the right place at the right time. We got lucky.” Ray Utley with Henry S. Miller Commercial represented the Harrington heirs and the Mahr Co. of Dallas and independent broker Allen Jordan negotiated for the buyer.

“It’s a fine piece of property,” Utley says. “For a number of years, people have tried to buy it.” The deal had a lot of moving parts, including securing individual interests from 23 heirs. “It was very convoluted,” he adds. “We’ve been working on it for quite some time.”The acreage is bounded on the south by a Wal-Mart Supercenter and on the north by a Super Target. The acquisition was financed through the Texans Commercial Capital LLC of Richardson.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.