Younger Partners
Younger Partners brokered the sale of 54 acres in Alvarado for future development.
Senior Vice President Andrew Boster represented both the buyer and seller.
Terms of the transaction, which closed Jan. 16, were not disclosed.
The property is 21 miles from the Fort Worth central business district, and 29 miles from Dallas’ downtown district.
“The seller’s family, like many of the families in the Midlothian-Venus submarket owned the property for generations,” Boster said in a statement. “Much of the area’s undeveloped land is still being held by longtime landowners who have historically been reluctant to sell. However, after three years of substantial growth, many are reconsidering, creating new opportunities in a previously scarce land market.”
The site, at 9646 Thompson Road, is two miles from U.S. 67 and fewer than six miles from both Interstate 35W and U.S. 287 in unincorporated Johnson County.
“This provides the flexibility of unzoned development in a strategic location for easy access while allowing for a wide range of potential uses,” Boster said. “The submarket has become a sought-after location for industrial investment and development making this a great opportunity for both the buyer and the seller.”
This site lies within the rapidly growing Midlothian-Venus submarket, making it a prime candidate for various types of development.
Younger Partners
With land still priced per acre rather than per square foot, the Midlothian-Venus submarket remains one of the more affordable options within 25 miles of both downtown Fort Worth and Dallas, making it highly attractive to developers, the firm said.
“The location of the 54 acres is at the intersection where investor pricing meets developer pricing,” said Boster.
The transaction highlights the increasing demand for land south of Fort Worth, driven by affordability and expanding infrastructure. The Chisholm Trail Parkway has played a significant role in spurring development in the southern part of the Metroplex, along with Interstate 35W. Venus remains well-positioned for future development.
Dallas-based Younger Partners is a full-service commercial real estate firm providing investment, leasing, and management services to investors and tenants in Dallas-Fort Worth. The firm also specializes in the acquisition and disposition of land, multifamily, office, industrial, and retail properties.