Walton Acquires Tarrant County Land From Texas GLO Along Chisholm Trail Parkway

First Planned Community Within the New Growth Corridor

 

DALLAS, TEXAS (June 18, 2014) – The Walton Group of Companies (Walton), a family-owned real estate investment and development group in Texas, with U.S. headquarters in Scottsdale, Arizona, announced today the acquisition of 1,755 acres of land from the Texas General Land Office (GLO) in Tarrant County. Walton will design a master-planned community for the expanding growth corridor.

 

The property is bisected by the recently opened Chisholm Trail Parkway corridor with property to the east and west of the 27- mile parkway.

 

“Walton looks forward to designing a master-planned community along the Chisholm Trail Parkway that meets the growing needs of Tarrant County,” said Bill Doherty, CEO of the Walton Group of Companies. “With over 25,000 acres of land under administration in Texas, Walton is committed to getting more involved in Tarrant County and working with local officials to expand economic opportunity in the region,” he added.

 

Ft. Worth City Councilmember Jungus Jordan, who helped oversee the $1.4 billion, 27-mile Chisholm Trail Parkway, is also optimistic about the future growth in southwest Tarrant County. “It took a tremendous and dedicated effort to see the Chisholm Trail Parkway become a reality for the citizens of Tarrant County. We want to see this area grow and prosper and we hope this development announcement from Walton is the first of many.”

 

The Tarrant County acquisition is Walton’s first acquisition into the Ft. Worth-metro. The company currently administers over 25,000 acres of land in Ellis, Hunt and Grayson Counties in North Texas, and Hays and Caldwell Counties in Central Texas.

 

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Media Contact

Rick Abbruzzese

917.608.0325

rabbruzzese@walton.com