Saturday, March 2, 2024

Peak Development Partners sell 14 acres in McKinney, TX

 

Garrett Johnson
DALLAS-FORT WORTH, TX — Peak Development Partners, a high profile commercial real estate development firm, announced  it has sold a 14-acre parcel of land located at the corner of El Dorado Parkway and Stonebridge Drive in McKinney, Texas to SLX Development for an undisclosed amount.

 SLX Development is in the planning stages to develop a mixed-use property on the site.   

              Peak Development Partners originally acquired a total of 18 acres in October 2023.  The company will break ground in the second quarter of 2024 on four retail pad sites on the remaining four acres which will feature a restaurant, auto service, car wash and other uses.  These pads are scheduled to be open by year end or Q1 2025.


             Tim McNutt
“We were attracted to the property because of the area’s recent population growth and strong fundamentals,” said Garrett Johnson, Managing Partner, Peak Development Partners. “We will continue to acquire land to develop much needed retail in supply constrained markets throughout the United States.”

              This parcel is ideally located at a signalized intersection across the street from McKinney Methodist Hospital with more than 350 employees as well as a new H-E-B anchored retail center.  The area has also experienced recent residential and medical growth with several new projects on the horizon.


Evan English
Peak Development Partners represented itself in the sale.  SLX Development was represented by Evan English and Tim McNutt of DBA Real Estate.


Peak Development Partners


Peak Development Partners is a Dallas, Texas-based commercial real estate development firm that specializes single tenant and multi-acre retail properties throughout the United States. It’s founders Garrett Johnson, Ben Paige and Clint Anderson, have a combined 37 years of experience developing retail properties valued at over $250 million.  

 

 

 CONTACT:

 


 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association

of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

  www.peak-dp.com.

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