Sherman, Texas (Jan. 13, 2025) – A New York-based investment group acquired 4.7 acres at the northeast quadrant of US 75 and Peyton Street in Sherman, Texas, for multiple commercial uses including possible hospitality opportunities.
Younger Partners Executive Vice President Tom Grunnah and Associate Luke Nolan represented the seller. Younger Partners Associate Nan Li represented the buyer. The all-cash sale closed within 45 days. Sales price was not disclosed.
“The property’s C-1 zoning designation sets this land up to serve the immediate needs of the neighborhood,” Grunnah said. “Its location is immediately adjacent to Furniture Row and a future major bank headquarters development. In addition, the land has an ag exemption, making it an excellent investment hold within the city of Sherman. The buyer has ambitious plans to expand its presence in Texas.”
Located at 320 Payton St. in the heart of Sherman, this property is in the path of growth for a city rapidly becoming an investment hotspot with remarkable development potential. With major players like Texas Instruments, GlobalWafers and other high-end manufacturing companies moving in, Sherman is primed for an economic boom. The land is reachable via U.S. highways 75 and 377 (north/south), U.S. Highway 82 (east/west) and multiple state highways and farm-to-market roads and is located 65 miles north of Dallas.
“The property’s accessibility makes it an ideal location as the city continues to expand,” Grunnah said. “As the DFW area and surrounding cities continue to welcome an influx of people, Sherman seeks to expand its workforce and add new businesses to accommodate this growth.”
“Our approach is truly a collaborative team effort within the Younger Partners Land Group,” Li emphasized. “By working together, we ensure our clients – both seller and buyer - benefit from the full scope of our combined knowledge, resources and industry connections.”
About Younger Partners
Dallas-based Younger Partners is a full-service commercial real estate firm providing investment, leasing, and management services to investors and tenants in the Dallas/Fort Worth region. They also specialize in the acquisition and disposition of land, multifamily, office, industrial, and retail properties. Younger Partners Investments (YPI) is a Younger Partner’s platform designed to acquire retail properties. Launched in July 2020, YPI targets retail properties from lifestyle to neighborhood centers throughout the DFW area. Younger Partners and YPI are also affiliated with the newly formed Apricus Realty Capital. For more information, please visit www.youngerpartners.com.
