HSMC ARRANGES 12-ACRE DEVELOPMENT PARCEL PURCHASE

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MCKINNEY, TEXAS — Dallas-based Henry S. Miller Commercial (HSMC) has arranged the purchase of a 12-acre development parcel located at the corner of Community Avenue and White Street in McKinney. It was acquired by Dallas-based King Private Equity Fund, which plans to partner with another company to develop a multifamily project on the property, or sell the parcel. The site is surrounded by retail, single-family homes and a Raytheon campus. Tom Grunnah and Anderson Ngo of HSMC represented the buyer. The seller was Sherman, Texas-based Ruby Boom Ltd. the purchase price was not disclosed.

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