Younger Partners Brokers 76-Acre Land Sale in Growing Grayson County

GRAYSON COUNTY, Texas (April 10, 2024) – Investment Catalysts LLC of Southlake, Texas, acquired 75.9 acres on Farm-to-Market Road 1417 in Grayson County, about 70 miles north of Dallas, with the intent to hold the parcel for investment purposes.

Younger Partners Executive Managing Director John St. Clair, Associate Davis Willoughby and Executive Vice President Tyler Hemenway represented the seller, the Estate of Douglas Lee Shankles. The sale price was not disclosed.

“This land acquisition represents perfect timing by the buyer,” St. Clair said. “They made this purchase right there in the bullseye, where everyone is looking for this type of land today. The estate has additional tracts nearby that are available and just as desirable.”

Grayson County borders Oklahoma and is reachable from other parts of Texas via U.S. highways 75 and 377 (north/south), U.S. Highway 82 (east/west) and multiple state highways and farm-to-market roads. The county also benefits from Lake Texoma, one of America’s largest reservoirs, multiple farm-to-market roads, and Texas highways, Hemenway said. The infrastructure and Lake Texoma attracted the interest of Texas Instruments and GlobiTech, who are building multibillion-dollar chip plants near the county seat of Sherman, Texas.

Because of all of these factors, Younger Partners has received significant interest in the land tract, which fronts FM 1417, a major north-south route, Willoughby said.

“Light distribution or light manufacturing companies will need access to these chip plants,” St. Clair said. “The Shankles tract is well-suited for this purpose. Investment Catalysts is the ideal buyer because of its excellent reputation, the best offer and its ability to close.”

“The buyer has a reputation of getting things done and paid a good price for the land,” Hemenway added. “They’re placing money in the path of growth and have an outstanding exit strategy.”