Walton Global Completes Nearly 82-Acre Land Sale in the Dallas-Fort Worth Corridor
Strategic land sale to bolster residential development within Grayson County
Walton Global, a real estate investment and land asset management company, announced today the sale of 81.61 acres within Grayson County, Texas, to Centurion American Development Group. The property, located near the expansive 1,400-acre Cottonwood Master Planned Community, will support the development of much-needed residential housing in the rapidly growing area. The property benefits from a designated Municipal Utility District, providing a competitive financial advantage over developments without similar cost reimbursement mechanisms.
“North Texas has become an increasingly desirable destination as more people seek the tranquility of suburban living while remaining connected to Dallas’ vibrant urban amenities,” said Rob Nixon, Senior Vice President of Real Estate for Walton Global in Texas. “This sale near the Cottonwood Master Planned Community marks an important milestone in addressing the growing demand for housing and supporting the expansion of the region.”
Located just 55 miles North of Dallas and eight miles south of downtown Sherman, the 1,400-acre Cottonwood Master Plan is a thoughtfully designed mixed-use community integrating residential housing, parks, commercial spaces, and office hubs. The new development, which is located in nearby Howe, TX, is adjacent to some of the city-owned athletic facilities and will contain open spaces, trails and an amenity center and recreational area. The community is adjacent to a Howe ISD site which is anticipated to become a middle school campus.
With exceptional connectivity, the two developments are situated between Highway 75 and 2.3 miles east of Highway 289 (Preston Road), offering convenient access to the area’s major roadways. They also offer direct access to FM 902, Hall Cemetery Road, and Farmington Road.
“We are committed to bringing beautiful communities to the growing cities within Grayson County,” said Mehrdad Moayedi, CEO of Centurion American Development Group. “It has been an honor to work with Walton Global and the community leaders in Dorchester and Howe to craft the future of this region.”
Walton Global currently manages over 15,000 acres within the Dallas-Fort Worth area. The company continues to seek out opportunities to support America’s top homebuilders in creating well-rounded, mixed-use communities that deliver an exceptional quality of life to residents.
