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Commercial/Multifamily Development Planned for Anna
Rockhill Capital & Investments acquired 116 acres in the North Texas city of Anna, 45 miles north of Dallas. The Frisco buyer will sell fully entitled tracts of land to homebuilders, multifamily and commercial developers, as well as end-users at County Road 371 and State Highway 5, approximately two miles east of the U.S. 75 corridor.
Younger Partners John St. Clair, Tyler Hemenway and Davis Willoughby represented the seller in the transaction.
9.5 acres on SH 5 is under contract to a commercial developer. Meanwhile, Rockhill is negotiating with a user/developer on the remaining 24 acres, which is zoned for multifamily.
The seller, the Cox Family, owned the land for decades before this sale. Rockhill’s Brent Libby added, “The Cox Tract is essentially infill on the east side of Anna, and we were able to secure a great entitlement package, which included single-family, multifamily and commercial zoning.”