McKINNEY – New York-based JEN Partners has acquired more than 1,100 undeveloped acres north of US 380 near Lake Forest Dr.
Seller Brinkmann Ranches had originally planned to develop 3,000 homes on the land, which is one of the largest undeveloped tracts in the area.
JEN has already sold a 126-acre portion to local builder Green Brick Partners.
The deal is one of the biggest suburban land sales in North Texas this year.
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Source: Dallas Morning News