PROSPER, TEXAS — Kirkwood Holdings LLC has purchased 50 acres in Prosper. Wayne Burgdorf of Coldwell Banker Commercial Alliance DFW in Arlington represented the Tarrant County-based buyer that plans to hold the land until neighboring developments start to take shape, then market individual tracts or the entire parcel to mixed-use commercial or residential developers. The 50-acre site is situated in the Tollway District overlay and includes 1,500 feet of frontage along West First Street. The acreage is directly across the road from Jerry Jones’ Blue Star Land Co.’s proposed 1,000-acre Star Trails’ community, and adjacent to Matthews Southwest’s planned 157-acre business park. Just to the south, Lincoln Property Co. is under construction on the 300,000-square-foot Gates of Prosper shopping center, the first phase of a 500-acre mixed-use project, and United Commercial Development is planning a 43-acre shopping center nearby. Phil Darland, an independent broker from McKinney, represented the seller, Bell 2005 Trust.
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