KOAR Eyes McKinney for First Texas MXU Project
McKinney Joint Venture, an affiliate of Beverly Hills-based KOAR Institutional Advisors has rezoned 62 acres of the 80 acres it acquired in the McKinney Corporate Center at Craig Ranch, allowing the JV to embark on a mixed-use development reportedly valued at $366 million. This will be KOAR’s first mixed-use project in Texas.
“The possibilities for this project have grown exponentially since we first started looking at it 24 months ago,” said Laurent Opman, principal of KOAR Institutional Advisors. “McKinney Corporate Center Craig Ranch checked all the boxes for us. It is in a key growth corridor, in close proximity to major airports and the rooftops and office density are there to sustain a vibrant mixed-use development.”
McKinney Joint Venture has also partnered with KDC on build-to-suit opportunities in the Corporate Center. Craig International’s David Craig and Miles Prestemon will manage and oversee development for the project.
Rendering courtesy of KOAR.
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