As soon as the deal closed, two land contracts rolled in for the remaining land at the corner of Exchange and Greenville avenues before a full-blown marketing could begin, according to Matt Anding, vice president for Henry S. Miller Commercial in Dallas. He tells GlobeSt.com that developers from inside and outside the Miller firm, both Texas and out-of-state firms, are sizing up the retail-zoned dirt for a shopping center project. The dirt's sticker price is $8.35 per sf.

"There's definitely a lot of interest," Anding says. "I anticipate somebody will do something sooner rather than later." In fact, he's predicting that a buyer could be picked in a week or two. He says both developers are doing the ground work, with one already in pursuit of an anchor tenant.

Anding says the bank initially thought about developing the entire site, but decided it was too difficult to achieve due to financial regulations so it took the hard corner and directed him to market the balance. "They just really, really liked this location," he explains about the decision to acquire a larger site than they needed from LLG Land Inc. of Allen.