On April 28, D CEO will reveal the winners of its ninth annual Commercial Real Estate Awards program. Leading up to the big event, we’re featuring all 83 finalists (51 projects and deals and 32 professionals), one category at a time. Today, we’re sharing the two finalists for Best Land Deal.
Key Players: David Davidson, Simon Beakley, and Edward Bogel with Davidson Bogel Real Estate
One of the largest land transactions in Fort Worth last year, Davidson Bogel Real Estate, closed the deal on nearly 800 acres near Sendera Ranch in the city’s northern sector. Near U.S. Highway 287, the site was purchased in a joint venture between Plano-based homebuilder Greenbrick Homes and Scottsdale-based Taylor Morrison and will bring 2,500 value-oriented homes to the area. The homebuilders are slated to begin construction at Madero by early 2022. Green Brick Partners plans to build 1,250 homes with its Trophy Signature Homes brand. Taylor Morrison plans to build 1,250 single-family homes ranging in size from 1,400 to 3,000 square feet. Those houses will also start in the high $200,000s.
Southlake Business Park
Key Players: Holt Lunsford, Doug Lueders, Hutton Lunsford, and Todd Marchesani with Holt Lunsford Commercial
Holt Lunsford Commercial Investments delivered a 182,000-square-foot industrial development at the height of a global pandemic last year in one of the last—and largest—undeveloped Light Industrial zoned sites in Southlake. Originally owned by Darr Equipment since 1984, the property spans 12.6 acres and was purchased in a portfolio of four vacant metal buildings totaling 60,000 square feet. A long-term NNN lease was executed with Sunstate Equipment Rental for all four buildings.