Friday, March 22, 2013

Developer buys 185 acres in Princeton for large project

Dallas-based 35W Investments LP has bought a 185-acre tract of land in Princeton, which is about 30 miles north of Dallas, for an undisclosed sum.
The limited partnership plans to develop a large residential development on the acreage at the southwest corner of County Road 400 and Sheamar Lane, according to real estate brokers.
Princeton is a rapidly growing community about five miles east of McKinney. The area has seen a 96 percent growth rate between 2000 and 2010, real estate souces say.
Last year, the Dallas Business Journal visited the suburb's school district because it was ranked as a highly-efficient school district by the Texas Comptroller.
CASE Commercial's land services team Bruce Endendyk, John Endendyk and Collin Prater represented the seller, MAS Real Estate. According to the Texas Secretary of State, 35 W Investments is affiliated with Basswood Properties Inc. of Dallas.

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