DALLAS--Hillwood Communities, a Perot company, is moving forward with a new residential community, acquiring 400 acres that have been in the same family since before the Civil War.

The land, which Hillwood acquired from the Wells family, is along the Preston Road corridor, at the northeast corner of Coit Road and Frontier Parkway, in Celina. David Davidson Sr. served as the broker for the transaction.

"We are excited and humbled to be selected by the Wells family to develop a master-planned community on a legacy property in Celina that has been in the same family since before the civil war," Brian Carlock, senior vice president of Hillwood Communities, told GlobeSt.com. "North Dallas will continue to be a national leader in creating new jobs for several years to come. Properties such as the Wells property are well positioned along the Dallas North Tollway corridor to create high quality residential communities with tremendous access to many employment hubs such as Frisco where much of the job growth is occurring."