Mehrdad Moayedi’s firm bought 667 acres in Van Alstyne from an entity of Risland US
By TRD Staff — August 19, 2024
Centurion American Development Group has secured 667 acres near the Collin and Grayson county lines for a residential community in North Texas.
The Farmers Branch-based developer, known for its large-scale projects across the region, plans to develop more than 2,200 homesites in Van Alstyne, in a rapidly growing corridor north of Dallas, the Dallas Morning News reported.
Centurion American bought the land from an entity of Prosper-based Risland US. Rex Glendenning of Frisco-based REX Real Estate represented the buyer and seller in the transaction. Financing for the purchase was provided by Trez Capital.
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