Real estate recap: Builder buys Perkins property; New owners for Plank Crossing

Tuesday, October 2, 2007

Tract sold for $2.85 million: A local builder has bought 15 acres on Perkins Road for $2.85 million and might build a subdivision on the site. Norman Deumite of Deumite Construction bought the land between Bluebonnet Boulevard and YMCA Plaza Drive in a deal that was filed Wednesday. Baker shopping center sold for $3.53 million: A shopping center on Plank Road in Baker has been sold to a group of local investors for $3.53 million in a deal that was filed last week. Plank Crossing Shopping Center bought the 138,000-square-foot building, which is located across from the Wal-Mart Supercenter. Collier Thornton, one of the partners in Plank Crossing, says plans are to overhaul the center in order to attract more national tenants who want to be near Wal-Mart and a Lowe's that's rumored for nearby.


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