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CushWake Arranges Parcel Sales for Lewisville ISD
Cushman & Wakefield arranged the sale of four land parcels totaling 94.33 acres in Highland Village, Carrollton, Lewisville and The Colony, on behalf of the Lewisville Independent School District (LISD). Arcadia Realty and David Weekley Homes acquired the land for development and will bring more than 70 single-family homes to each location.
LISD previously acquired the properties through a voter-approved bond as potential school sites in preparation for its continued growth. However, the district no longer anticipates the need for additional schools in these areas.
Maureen Kelly Cooper, Chris Harden, Ryan Duffie and Michael Thomas of Cushman & Wakefield represented LISD. “We are grateful for the opportunity to help Lewisville ISD monetize these excess properties,” Harden said. “Fortunately, there was significant pent-up demand for new housing in each of these cities.”
The sale of the properties will allow the district to invest the funds in future capital improvement projects.
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
- ◦Sale/Acquisition
