Vaughn Miller, the firm's president of the retail division, tells GlobeSt.com that the remaining corners of FM 3040 and Gerault-Morris Road are owned by the Weitzman Group, Hopkins Commercial and Minyard Food Stores Inc., all Dallas headquartered and all focused on retail. Henry S. Miller Commercial got the eight-acre deed from Donald J. Carter, a one-time stakeholder in the Dallas Mavericks and the All-Star Bowling Lanes chain. The sale represents one of the last holdings that Carter owned from a 1980s' buying spree of Resolution Trust Corp. properties. The hard corner was carved from 15 acres, the balance of which contains a single-family house.

The promise for a piece of the corner has pushed pre-leasing to 100% in the stack of letters of intent for Flower Mound Market. "We have more letters of intent than we have space," Miller confides. The pre-leasing success has the Miller team scouting for more property.

The firm, marking its entry into that market, got a rare find for a Dallas suburb--land without a zoning designation. Miller says the process has started with Flower Mound officials, who like their constituents are closely guarding commercial development. But, he's confident that the project will break ground either by year's end or early 2004, with the firm's construction services team doing the building.

Henry S. Miller Commercial assembled a partnership, Flower Mound Market Ltd., to acquire the southeast corner, two miles north of major projects being built by Hillwood and Granite Properties. The Henry S. Miller Commercial team of Vaughn Miller, Mark Hajdu and Ryan Hamilton negotiated the purchase for buyer and seller.

Retail zoned land has been fetching $2.50 per sf to $3.50 per sf. Flower Mound likely brought a price at the top of the scale since it's one of the region's fastest-growing towns, going from 15,527 residents in 1990 to 55,700 in 2002. At last county, just 45% of the town's 44 square miles had been developed, but that count preceded projects by Hillwood, Granite and now Henry S. Miller Commercial.