for sale - jll...for sale 136-acre parcel watters creek park highway 121 and alma road allen, texas...

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FOR SALE 136-acre parcel Watters Creek Park Highway 121 and Alma Road Allen, Texas Conveniently located at the intersection of Plano, Allen, McKinney and Frisco Zoned: Corridor Commercial TX-121 Alma Road 136-acre parcel

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Page 1: FOR SALE - JLL...FOR SALE 136-acre parcel Watters Creek Park Highway 121 and Alma Road Allen, Texas Conveniently located at the intersection of Plano, Allen, McKinney and Frisco Zoned:

FOR SALE 136-acre parcel Watters Creek Park Highway 121 and Alma Road Allen, Texas

Conveniently located at the intersection of Plano, Allen, McKinney and Frisco Zoned: Corridor Commercial

TX-121 Alma Road

136-acre parcel

Page 2: FOR SALE - JLL...FOR SALE 136-acre parcel Watters Creek Park Highway 121 and Alma Road Allen, Texas Conveniently located at the intersection of Plano, Allen, McKinney and Frisco Zoned:

THE OPPORTUNITY

You are invited to review WATTERS CREEK PARK, a 136-acre parcel located at the intersection of Highway

121 and Alma in Allen, Texas. The development potential allows for a mixture of retail, office, and multifamily with

easy access and award winning communities on all sides. This offering presents the opportunity to create a

mixed-use development in the hottest corridor in the country.

Quickly becoming a major hub of international trade, the DFW region has capitalized upon its low cost to do business and abundance of skilled workers, bringing in corporate relocations on a regular basis, Toyota, FedEx,

Liberty Mutual, and State Farm to name a few. A majority of the buzz is occurring a short 7 mile drive down

Highway 121 at the intersection of 121 and the Dallas North Tollway. Conveniently located, Watters Creek Park is

within 7-10 minutes from eight major corporate campuses and business parks, 10 minutes of the McKinney

Municipal Airport, and 30 minutes from downtown Dallas, Love Field, and DFW International Airport.

Jones Lang LaSalle and the owners are offering this opportunity to become part of a progressive mixed-use

urban village with streetscapes designed for the kind of activity, identity and fun that induces workers, shoppers and residents to the heart of the 121 corridor.

One-Mile Three-Miles Five-Miles

POPULATION

2015 Total Population 6,100 80,011 281,895

Population 2020* 7,055 91,466 319,262

Growth 2015-2020* 18.63% 14.18% 13.62%

Average Age 33,5 33.50 34.50

HOUSEHOLDS

2015 Total House-holds

1,815 27,687 97,558

HH Growth 2015-2020*

15.87% 14.38% 13.72%

2015 Avg HH Vehi-cles

2.0 2.0 2.0

HOUSING

Median Home Value $336,856 $270,104 $233,472

Median Year Built 2006 2003 2000

*Estimates

Average HH Size 3.40 2.90 2.90

Median HH Income $155,248 $106,048 $98,296

AT&T HP Enterprise Services

Bank of America Intuit, Inc.

Baylor Medical Center JCPenney

Beal Bank Liberty Mutual

Capital One McAfee, Inc.

Children's Medical Center PepsiCo

Denbury Resources Pizza Hut

Dr Pepper/Sanpple Rent-A-Center

Ericsson State Farm

FedEx Office Texas Instruments

MAJOR AREA EMPLOYERS

Frito-Lay Toyota of North America

IMMEDIATE AREA DEMOGRAPHICS

Page 3: FOR SALE - JLL...FOR SALE 136-acre parcel Watters Creek Park Highway 121 and Alma Road Allen, Texas Conveniently located at the intersection of Plano, Allen, McKinney and Frisco Zoned:

CONCEPTUAL SITE LAYOUT

DALLAS’ NORTHERN SUBURBS ARE ONE OF THE BEST OFFICE MARKETS IN THE NATION

20 MILLION SF of DFW

relocations or expansions are being

tracked by JLL. 6 MILLION SF

of those tenants are specifically looking

in the northern suburbs for potential

location. Less than 800,000 SF

of office space is available.

OFFICE

MULTI FAMILY

Page 4: FOR SALE - JLL...FOR SALE 136-acre parcel Watters Creek Park Highway 121 and Alma Road Allen, Texas Conveniently located at the intersection of Plano, Allen, McKinney and Frisco Zoned:

ALMA ROAD

RIDGEVIEW DRIVE

136 ACRE PAR

Page 5: FOR SALE - JLL...FOR SALE 136-acre parcel Watters Creek Park Highway 121 and Alma Road Allen, Texas Conveniently located at the intersection of Plano, Allen, McKinney and Frisco Zoned:

RCEL

ADVANTAGE WAREHOUSE

FUTURE MEDICAL CLINIC

WADE PARK

Page 6: FOR SALE - JLL...FOR SALE 136-acre parcel Watters Creek Park Highway 121 and Alma Road Allen, Texas Conveniently located at the intersection of Plano, Allen, McKinney and Frisco Zoned:

One of the 50 Safest Cities in Texas—2015 The SafeWise Report

13th safest places to live in America | #1 in Texas—2015 CQ Press

#3 Best Places for Families in Texas—2014 NerdWallet

#10 of Best Suburbs in North Texas—2014 D Magazine

National Recreation and Park Association Gold Medal Award—NRPA

#2 Best Cities for First Time Home Buyers— 2014 NerdWallet

Top 10 Best Towns for Families—2014 Family Circle

Best Places to Live—2012 Money Magazine

Certificate of Achievement for Excellence in Financial Reporting—Government Finance Officers Association

Overall Excellence in Government Programming for the fifth consecutive year—National Association of Telecommunication Officers and Advisors

WHY TEXAS

Whether you live in a major metro area or in a small town, Texas is a great place to live and do busi-ness. Texas is a “right to work” state, with no corporate or individual income tax and one of the low-est tax burdens in the country. There are few states that can match the Lone Star State’s current job opportunities, growth and residential quality of life. Texas is on top of the nation’s ‘domestic migration destination’ list. Four Texas cities rank in the Nation’s top ten big cities for home ownership; three rate as the most affordable cities in the U.S., and six of the largest cities have a cost of living below the national average of 100.

WHY ALLEN

MCKINNEY SNAPSHOT

AREA MEDICAL FACILITIES Texas Health Presbyterian Medical Center of McKinney Twin Creeks Hospital Our Children’s House (Children’s Health)

HIGHER EDUCATION University of North Texas Texas A&M Commerce University of Texas at Dallas Texas Woman’s University

COMMUTE 9 miles to McKinney Airport 30 miles north of Downtown Dallas 35 miles from DFW International Airport 34 miles from Love Field RECREATION 800 acres of developed parks, 50 miles of trails 220+ Restaurants 7 Hotels Over 3,000,000 SF of shopping

ALLEN SNAPSHOT

?

?

Allen offers a friendly community with

exceptional schools, excellent city

services and a nationally-recognized

parks and recreation program. With four premier shopping destinations,

an award-winning golf course, nearly

200 restaurants, a 7,000-seat arena

with an award winning hockey

team—the city boasts something for

everyone.

Page 7: FOR SALE - JLL...FOR SALE 136-acre parcel Watters Creek Park Highway 121 and Alma Road Allen, Texas Conveniently located at the intersection of Plano, Allen, McKinney and Frisco Zoned:

Exxon Mobil At&T Energy Transfer Equity American Airlines

Group Fluor Kimberly-Clark HollyFrontier Southwest Airlines Tenet Healthcare Texas Instruments JCPenney

Dean Foods GameStop D R Horton Commercial Metals Celanese Trinity Industries Dr Pepper Snapple

Group Energy Future Holdings Alliance Data Systems Pioneer Natural

Resources

The D/FW Metroplex is an innovation hub with resources that

make it an ideal business climate. The region’s attractive quality

of life, strong regional and state economy, low cost of living,

young and skilled labor force, pro-business mind-set and

absence of corporate and personal income taxes all contribute to

the thriving D/FW location. Over the past five years, Texas

added more jobs than the other 49 states combined. Due to its

central location and world-class transportation infrastructure, the

city gives businesses the advantage of operating in the Central

time zone, providing expanded business hours across the United

States and across a majority of Canada and Mexico. Dallas’

central location within the Sunbelt region also creates substantial

cost savings for businesses with intensive travel needs and product distribution functions .The region excels in passenger air

travel and air cargo operations with the nation’s third busiest

airport, D/FW International Airport; Dallas Love Field Airport,

home to the largest domestic airline in the country; and the

world’s first fully industrial airport, Fort Worth Alliance Airport.

As reported by the Dallas Economic Development department,

the region ranks among the top three U.S. metropolitan areas for

business expansions, relocations and employment growth. D/

FW’s highly educated workforce of almost three million people is

growing quickly, providing companies with an over abundance of

talent. The population growth has fueled real estate

development, as retailers and service providers expand to meet

increasing demand. While Dallas and Fort Worth serve as the

biggest population centers, four other suburbs—Irving, Garland,

Plano, and Arlington—exceed 200,000, offering residents an

abundance of choice as they search for the community that best fits their needs.

DALLAS OVERVIEW

Toyota Toyota North America has started construc-tion on their new HQ. The move will bring 5,000 jobs to DFW, not to mention the ancil-lary companies that will follow Toyota to DFW or at least open a satellite office here. FedEx FedEx Office plans to move its corporate headquarters from Dallas to the new devel-opment in Plano known as Legacy West. The move will consolidate 1,200 employees to a single location. Liberty Mutual Boston-based Liberty Mutual Insurance plans to have 5,000 employees working on a new campus in Plano by the end of 2017.

D/FW FORTUNE 500 HEADQUARTERS

RECENT DFW RELOCATIONS

Page 8: FOR SALE - JLL...FOR SALE 136-acre parcel Watters Creek Park Highway 121 and Alma Road Allen, Texas Conveniently located at the intersection of Plano, Allen, McKinney and Frisco Zoned:

Michael Swaldi, AIA, SIOR Executive Vice President 214.438.6219 [email protected]

Larry McCorkle Executive Vice President 214.438.6216 [email protected]

Nick Hayden Associate 214.438.6488 [email protected]

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