Sunday , 20 August 2017
Grunnah_Tom_0

12 Acres of Raw Land in McKinney Sold for Multifamily Devleopment

Submitted by Missy Hodges, Henry S. Miller Brokerage LLC

Henry S. Miller Brokerage’s SVP, Tom Grunnah of the Dallas-Fort Worth Land and Investments Division recently arranged the disposition of 12 acres of raw land in McKinney for owner KPEG Real Estate Fund, Inc.

The land is located in the northeast quadrant of White Avenue and Community Avenue. The acreage has existing multifamily zoning in place and the new owner, Community 12 Investors, LLC, plans to develop it into a multifamily residential community. Development and construction plans are yet to be determined. This will be Community 12 Investors’ first multifamily development in Texas. Representing Community 12

Investors, LLC in this transaction was Austin Reilly of Land Advisors Organization.

About Henry S. Miller Brokerage, LLC Dallas-based Henry S. Miller Brokerage, LLC is one of Texas’ largest independent full service commercial real estate firms, with five offices in Texas. Established in 1914, Henry S. Miller is one of the oldest and most respected companies in Texas and has gained a reputation for service and integrity that is unequaled in the industry. Henry S. Miller Brokerage is a member of Realty Resources Network, one of the largest affiliations of commercial real estate firms in the nation. Visit HSM online for more information www.henrysmiller.com .

Pictured: Tom Grunnah

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