136 Acres Beside College Change Hands

VAN ALSTYNE, TX-Getting its stake in the ground ahead of competitors, a Dallas-based partnership has acquired 136.13 acres just a stone’s throw from US Hwy. 75 in Grayson County. The land was on the market nearly one year for $25,000 per acre.

Tom Grunnah, a land specialist for Henry S. Miller Commercial in Dallas, tells GlobeSt.com it too early to say how much space will be developed at the northwest corner of FM 121 and Jim Jones Road, but points out it’s prime development dirt for commercial and residential uses. “It will be the next cycle,” he says, “and they purchased it at an advantageous price.”