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News release

Dallas, TX

Regional growth drives sale of 190-acre tract in North Texas

JLL successfully negotiates land sale with City of McKinney


​Dallas, March 1, 2018 – JLL today announced the firm has completed the sale of a 190-acre tract of land on behalf of VTCR, LP, Prairie Flight, LP and MADMT, LP to the City of McKinney. The tract, located at 1500 E Industrial Boulevard in McKinney, Texas, is directly adjacent to McKinney National Airport.​​​

JLL Managing Director Paul Whitman represented the selling group.

"This transaction is a testament to the foresight and vision of the ownership group, and the unprecedented growth our region is experiencing," said Whitman. "With activity continuing to ramp up, like what we are witnessing in McKinney today, this is a tremendous achievement for all parties involved." 

Population and employment growth has played a key role in the region's expansion, particularly to the north thanks to superior accessibility and ample land for new development. Recent major projects in Legacy and Cityline in Richardson are driving new opportunities for both commercial and residential development in well-located and accessible locations. McKinney, Allen and Prosper stand at the forefront as the next set of communities to be transformed.

 

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com