LFP Real Estate Sells 8 Acres, Following a 3-Year Escrow

LFP Real Estate LP, working on behalf of the Leach family, sold 8.4 acres at East Bethany Drive and South Greenville Avenue in Allen, TX, a Dallas suburb. The deal with buyer Bethany at Greenville 2017 LP closed following a three-year escrow, during which zoning variances and amendments were secured.

“We’re glad to get this transaction done. If it had been other parties, it might not have happened,” said Susan Singer with Dallas-based Bradford Commercial Real Estate Services, who represented the seller. The buyer is planning to develop a QuikTrip service station, convenience store and mini-warehouse storage units on the site.

The land, originally zoned for industrial use, required 16 contract amendments during the escrow period. “We had a lot of interest in this site while it was under contract. This sale is a testament to the commitment of the buyer and the seller,” Singer noted.

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