JLL on Aug. 6 announced the sale of a 37.65-acre tract in McKinney, zoned for industrial use. McKinney Industrial Park #2, located at 1650 FM 546, is adjacent to McKinney National Airport.
JLL’s Craig Phelps and Michael Haggar represented the seller, KONE, in the transaction. Sentinel Capital, LLC acquired the property.
“McKinney is one of the fastest-growing communities in North Texas with no signs of slowing down,” said Haggar. “Its strategic placement paired with the area’s projected continued growth make this transaction a tremendous investment opportunity for the new owners.”
The sale provides the new owner the opportunity to capitalize on the region’s continued growth. Recent US Census population estimates released in May noted McKinney was the 9th fastest growing city in the country in 2016-2017.