Younger Partners brokered the sale of 182 acres at the northeast corner of FM 902 and Bennett Road in Howe, Texas, marking another significant land transaction along the rapidly expanding U.S. 75 growth corridor in North Texas.
Commonly known as the Hightower tract, the property was sold by the Hightower family to Cherukuru Investments at Howe LLC, managed by Ravi Cherukuru of Westlake. Younger Partners Executive Managing Director John St. Clair and Associate Ethan Peck represented the seller in the transaction, which closed in April 2026.
The tract is outside Howe city limits and is located partially within the Sherman ETJ and Howe ETJ, less than two miles from U.S. 75, approximately 23 miles north of downtown McKinney and an hour north of Downtown Dallas. The site is surrounded by emerging residential communities and industrial development, positioning it for future growth opportunities.
The land has remained in the Hightower family for approximately 140 years, with the family’s roots in Howe tracing back to the Texas Land Grant era, which refers to the continuous period from the 1750s to the late 1800s when Spanish, Mexican and Texan governments granted millions of acres of land to encourage settlement, establish ranches and reward military service.
Potential plans for the property include a phased mixed-use development featuring residential and retail components designed to support the area’s expanding population base. Development is anticipated to occur over the next five to 10 years, beginning with infrastructure improvements followed by residential and commercial construction, Cherukuru said.
The property is located near several major employment and development drivers fueling growth throughout Grayson County and the northern Dallas-Fort Worth Metroplex. Nearby developments include a planned master-planned community featuring approximately 1,000 single-family lots and 2,000 multifamily units, as well as Ponderosa Point, a 125-acre mixed-use development in Howe.
