Sale of Two Land Parcels Adjacent to Garland’s Firewheel Town Center Paves Way for Nearly 600 Multifamily Units
Land Advisors Organization’s Dallas-Fort Worth office facilitates the sale of 8.5 acres to Wood Partners, complementing prior sale of nearby 13.9 acres to Leon Capital Group, for new multifamily developments.
Dallas, Texas (September 6, 2022) – Long-time owners of two land parcels surrounding Firewheel Town Center completed the disposition of the second land tract, located at the NE quadrant of Firewheel Parkway and President George Bush Turnpike/SH-190 in the City of Garland, to Atlanta-based developer Wood Partners. Based on recent submittals to the city, Wood Partners plans to construct a Class A, 250-unit project on the site.
In December 2021, following a competitive marketing process, Land Advisors Organization facilitated the sale of the first tract of land, a ±13.9-acre site located along SH-190, to Dallas-based developer Leon Capital Group which plans to construct a 344-unit luxury project. The two parcels, totaling nearly 22.5 acres, will yield approximately 600 multifamily units between the two projects. Both projects border a large greenbelt in Rowlett Creek and future residents will enjoy direct access to the City’s planned Firewheel Trail system.
“As one of the nation’s fastest growing metropolitan economies, Garland is a vibrant city with great leadership, quality schools and fantastic parks and open spaces,” said Austin Reilly with Land Advisors Organization. “The proposed Firewheel projects will bring needed residential units to the region and offer the added appeal of being only steps away from Firewheel Town Center.”
The parcels are located along Dallas-Fort Worth’s SH-190 corridor in Garland, Texas and adjacent to the popular, open-air, mixed-use Firewheel Town Center, a premier outdoor shopping, dining, and entertainment destination in the Northeast Dallas area.
Austin Reilly with Land Advisors Organization’s Dallas-Fort Worth office represented the landowner in both transactions.
About Land Advisors Organization
Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Charlotte, North Carolina; Nashville, Tennessee; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah; Kansas City, Kansas; and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.
# # #
Media Contact: Patty Johnson, Connections Marketing & Communications
PattyJohnson@Connections-marcom.com or 602.402.2965