
Malouf Interests has purchased 42 acres in the Collin County town of Lucas and will proceed with 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 will also be part of the project.
Younger Partners Michael Ytem and Tom Grunnah brokered the sale of the 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 on behalf of Malouf. JCBR Holdings was the seller.
Construction is set to begin in Q4 with an estimated completion in 2026.Â
Malouf Interests is leading its retail transformation in the suburban area in northeastern Dallas that will also serve Parker, North Wylie, Northeast Murphy and St. Paul.
Established in 1995 by Matthew Malouf, Malouf Interests is a Real Estate firm experienced in the development of retail, mixed use, office and medical properties and raw land.Â
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