±225 ac of Mercer Crossing land sold in Dallas
DALLAS, TX – – Henry S. Miller Brokerage’s Darrell Hurmis, EVP and Associate Ben Chien of the Dallas-Fort Worth Investments-Land Division recently arranged the sale for one of 2012’s largest urban, infill land offerings in the Dallas area. On December 28th the transaction was completed, relinquishing ownership of a ±225-acre tract at Mercer Crossing to Dallas-based Billingsley Companies. Hurmis and Chien were the only brokers involved in the deal and helped negotiate on behalf of the seller, Armed Forces Bank, N.A. of Kansas City, MO and Billingsley for an undisclosed sales price.
Miller’s Hurmis and Chien were awarded the premier, infill land assignment in February of 2012. The ±225 acre listing is part of the ±1,200 acre mixed-use Mercer Crossing development located in Dallas and Farmers Branch. The ±225 acres purchased by Billingsley are specifically located at the northwest corner of Interstate 635 and Interstate 35 East. The Mercer Crossing master-planned development allows for a variety of land uses. Currently the ±225 acres are zoned both PD-88 through the City of Farmers Branch and MU-3 according to the City of Dallas.
This ±225 acre property is a premier investment, offering its new owners a prominent location with significant visibility and a convenient central location within the Dallas-Fort Worth metropolitan area. Some consider Mercer Crossing the gateway to Downtown Dallas and Downtown Fort Worth; to the Dallas-Fort Worth International Airport, Love Field and a variety of DFW communities and entertainment districts. In addition, the property sits right at the tip of the recent LBJ Express Project that plans to both lighten traffic burden and allow for easier access to businesses and communities along its frontage roads – a unique investment that offers its new owners a multitude of real estate opportunities.