A 364-acre site near US 287 and FM 2264 in Decatur has sold to Decatur Economic Development Corporation expanding their existing, adjacent 165-acre industrial park to a total of 529 acres of publicly-owned industrial park.
“Decatur’s expanding industrial sector and rapidly growing workforce are driving increased interest from additional industrial prospects,” stated Kevin Holzbog, Executive Director of Decatur Economic Development Corporation, “I appreciate the DEDC Board of Directors’ leadership in supporting this strategic investment to continue bringing expanded tax-base and quality jobs to the Decatur area.”
The 529 contiguous acres are zoned for industrial development, served by City of Decatur water and wastewater, dual certified electric (Oncor & Wise Electric Cooperative) and adjacent to Hwy 287 and BNSF rail. The site was previously owned by a local family entity.
“The timing was right,” said Hal Penchan of Altschuler and Company, “The DEDC has had excellent success with its Eagle’s Landing Business Park and wanted to continue the momentum. We were seeing strong interest from manufacturers. With tenant demand growing and the DEDC’s previous success, it was a no brainer for them to own this land and expand the business park.”
The sale was negotiated by Altschuler and Company and Jay Davidson.
ABOUT ALT+CO
Altschuler and Company is a real estate advisory services firm that helps entrepreneurs, corporations, and institutions execute commercial real estate assignments they consider high stakes. Headquartered in Dallas, TX, ALT+CO operates in markets across the country – Arkansas, California, Colorado, Oklahoma, and Nevada to name a few – offering tenant representation, landlord representation, and property management services. To learn more, visit www.altschulercompany.com.