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