A commercial planned development featuring a 130,000-square-foot grocery-anchored shopping center, a 25,000-square-foot restaurant village with 15 adjacent pad sites and a community park is coming soon to the Collin County city of Lucas, Texas.
Younger Partners Senior Vice President Michael Ytem and Executive Vice President Tom Grunnah brokered the sale of the 42-acre parcel of undeveloped land at the northwest corner of Parker Road and Southview Drive (FM 1378) in Lucas, 30 miles northeast of Downtown Dallas in Collin County.
Ytem and Grunnah represented both the buyer, Lucas Crossing LTD – led by Malouf Interests – and the seller, JCBR Holdings, in the transaction. The sale price was not disclosed. Construction is set to begin in Q4 with an estimated completion in 2026.
Malouf Interests is leading its retail transformation in the highly desirable suburban area in northeastern Dallas. The development is strategically positioned to serve not only Lucas but also neighboring communities including Parker, North Wylie, Northeast Murphy and St. Paul. With its strong residential growth and appeal, Lucas continues to attract families and professionals, drawn to its high-quality lifestyle and expanding amenities.
