Texas | December 7, 2020

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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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