Colliers is pleased to announce the sale of two development tracts totaling ±40 acres located at Highway 6 and Rabb Road in Fresno, Texas. The buyer was Guefen Development Partners, a luxury apartment and student housing investor, developer and general contractor based out of Houston. Jason Scholtz of Colliers represented the seller, the Divoky family, in the transaction.
The two land tracts consist of ±30.264 acres of undeveloped land along Rabb Road and an additional ±9.7 acres situated adjacent to the south fronting Highway 6. The property offers excellent access to the Fort Bend Toll Road and State Highway 288. Guefen Development Partners plans to build Preserve at Highway 6, a 320-unit, luxury single-family, build-to-rent community on the site.