Dallas, TX, October 06, 2012 --(PR.com
)-- CASE Commercial Real Estate Partners (CASE) is pleased to announce the sale of 3.7 acres of land in the Windy Hill Farms master-planned development in Murphy, Texas. Zoned for neighborhood services, suggested uses for the property include medical office, assisted living, or small office. The Windy Hills community is situated at the northeast corner of FM 544 and Heritage Parkway, just three miles from South Fork Ranch.
Collin Prater, an associate on CASE’s Land Services team, marketed the asset on behalf of the seller, Forestar USA Real Estate Group, an affiliate of Forester Properties, Inc. which was formed to acquire and manage a portfolio of stabilized and value oriented properties in desirable locations. The property was purchased by 24 Hour Ventures LLC for an undisclosed amount.
The Property is situated in Windy Hills Farms among 407 single-family subdivision homes, north of FM 544 and approximately one-half mile east of Highway 78. The community is well-served by nearby national retailers such as Lowe’s Walmart Neighborhood Center, Bank of America, 24-Hour Fitness and Starbucks. Situated in the fast-growing community of Murphy, the population within a five-mile radius of the property has experienced a 300% population increase over the last seven years. City plans currently call for a central business district at the intersection of FM 544 and Murphy Road, which is expected to encompass a park-like area with offices and stores fronting a central plaza.
About CASE Commercial Real Estate Partners
Founded in 1986, CASE Commercial Real Estate Partners is an independent full service commercial real estate firm headquartered in Dallas, TX with offices in Fort Worth, Austin, Houston, and San Antonio. CASE provides tenant representation, global corporate services, property management and leasing, lease administration, construction and project management, investment sales, development advisory, and sustainable workplace, among other specialized client services. Globally, CASE is part of the TCN Worldwide organization of independent commercial real estate firms providing complete integrated real estate solutions locally and internationally. With approximately $20.7 billion in annual transactions and over 80 million square feet of space under management, the organization ranks as one of the largest service providers in the industry. For more information, visit www.casecre.com.