Month: January 2025

SHERMAN, Texas (Jan. 14, 2025) – A New York-based investment group acquired 4.7 acres at the northeast quadrant of US 75 and Peyton Street in Sherman, Texas, for multiple commercial uses including possible hospitality opportunities.

Younger Partners Executive Vice President Tom Grunnah and Associate Luke Nolan represented the seller. Younger Partners Associate Nan Li represented the buyer. The all-cash sale closed within 45 days. Sales price was not disclosed.

“The property’s C-1 zoning designation sets this land up to serve the immediate needs of the neighborhood,” Grunnah said. “Its location is immediately adjacent to Furniture Row and a future major bank headquarters development. In addition, the land has an ag exemption, making it an excellent investment hold within the city of Sherman. The buyer has ambitious plans to expand its presence in Texas.”

Located at 320 Payton St. in the heart of Sherman, this property is in the path of growth for a city rapidly becoming an investment hotspot with remarkable development potential. With major players like Texas Instruments, GlobalWafers and other high-end manufacturing companies moving in, Sherman is primed for an economic boom. The land is reachable via U.S. highways 75 and 377 (north/south), U.S. Highway 82 (east/west) and multiple state highways and farm-to-market roads and is located 65 miles north of Dallas.

“The property’s accessibility makes it an ideal location as the city continues to expand,” Grunnah said. “As the DFW area and surrounding cities continue to welcome an influx of people, Sherman seeks to expand its workforce and add new businesses to accommodate this growth.”

“Our approach is truly a collaborative team effort within the Younger Partners Land Group,” Li emphasized. “By working together, we ensure our clients – both seller and buyer – benefit from the full scope of our combined knowledge, resources and industry connections.”

MCKINNEY and LONGVIEW, Texas (Jan. 6, 2025) – Dallas-based Younger Partners Investments (YPI) acquired a two-property, 288,063-square-foot retail portfolio from the developer, Weber & Company.  

The addition of these properties brings YPI’s portfolio to over 1,000,000 square feet of retail. The acquisition also marks YPI’s expansion into East Texas while strengthening its existing North Texas holdings.

“These high-quality, Class A regional centers built in 2007 & 2008 respectively, have never traded. The centers have very limited vacancy. We are thrilled to enhance value when opportunities arise, such as the recently announced Party City bankruptcy. This creates an opportunity for a freestanding 12,000 square foot user in 380 Towne Crossing,” said Managing Director, Micah Ashford.

The 137,287-square-foot 380 Towne Crossing is at 2014 W. University Drive, at the northwest corner of US 75 and SH 380 in McKinney. The center is shadow anchored by Super Target and Lowe’s Home Improvement. The center’s occupancy is 98.2%, with a diverse tenant mix including FedEx Office, Buffalo Wild Wings, Leslie’s Pool, Cook Children’s Pediatrics, Storming Crab, Jimmy John’s and Sleep Experts.

“McKinney, known for its small-town charm and big-time growth, is the fourth-fastest growing city in the nation,” said Kathy Permenter, Co-Managing Partner. “380 Towne Crossing has prime visibility from two major highways and is close to Raytheon’s McKinney campus. These and other factors make it an ideal location for robust tenant sales.”

The 95.6%-occupied Longview Towne Crossing consists of 150,775 square feet. Located at 3092 N. Eastman Road at the northeast corner of US 259 and Hawkins Parkway, the property’s anchors are PetSmart, Five Below and Old Navy. Target and Kohl’s serve as the center’s shadow anchors. Other tenants include James Avery, Cowboy Chicken, Sport Clips, Ulta Beauty, Crumbl Cookies, Sleep Number and Lane Bryant.

“Longview enjoys an exceptional infrastructure that has attracted companies, including Westlake Chemical, Eastman Chemical and Komatsu. We anticipate more companies will target this region for expansion in the coming years,” said Moody Younger, Co-Managing Partner.