Rockhill Capital & Investments has recently acquired 116 acres of land in the city of Anna, located 45 miles north of Dallas in North Texas. The buyer, based in Frisco, plans to sell fully entitled tracts of land to various developers and end-users at County Road 371 and State Highway 5. This prime location is just two miles east from the U.S.75 corridor.
The seller was represented by Younger Partners’ John St.Clair, Tyler Hemenway and Davis Willoughby during the transaction process.
Currently, a commercial developer has already placed a contract on a portion (9.5 acres) of SH-5 while Rockhill is currently negotiating with another user/developer for the remaining 24 acres which are zoned for multifamily use.
The Cox Family had owned this land for several decades before deciding to sell it off through this recent transaction. According to Brent Libby from Rockhill Capital & Investments,”The Cox Tract presents an excellent opportunity as it is situated within an infill area on the east side of Anna.” Furthermore,”We were able secure valuable entitlements that include single-family homes,multifamily units,and commercial zoning.”
