McKinney, TX – Craig International confirmed that the retail portion of its District 121 mixed‑use development has been sold, with the transaction closing on September 22. The sale, announced in early October, involved the two‑building retail complex totaling 36,723 square feet. While the buyer and purchase price remain confidential, the property was fully occupied at the time of transfer, highlighting the strength of the local market.
District 121: A Vibrant Community Hub
Opened in 2023, District 121 spans more than 17 acres and includes an office building, a parking garage, and a central common area designed for community gatherings. The retail component occupies just over 3.70 acres and features a mix of well‑known dining establishments, including Mi Cocina, Bob’s Steak and Chop House, Pie Tap, Broken Yolk, and The Common Table. These tenants contribute to a lively streetscape that draws both residents and visitors.
Developer Vision and Local Impact
David Craig, chairman and CEO of Craig International, said the project was intended to build on the success of the company’s earlier Craig Ranch development while providing McKinney residents with a “unique place to come together.” He added, “I’m proud of what we built and the businesses we brought in. Reaching 100% leased as we completed the sale is a meaningful milestone and reflects the strength of our tenants and the continued growth of this area.”
Brokerage and Transaction Details
Tim Axilrod, an Investment Sales partner with Shop Companies, marketed the property and brokered the deal. “We went from contract to closing in 62 days,” Axilrod said. He noted that the buyer recognized the value of the location, the established restaurant brands, and the surrounding residential and office growth, which helped both parties stay engaged and resolve questions quickly.
Recent Activity in the Area
The District 121 retail sale follows the October 2025 transaction of the adjacent eight‑story office building at Alma Road and SH 121, which was sold by Kaizen Development Partners to Eckard Enterprises. That sale, recorded in Collin County land records, signals ongoing investor confidence in McKinney’s commercial corridors.
Future Development Plans
Earlier this year, Craig International announced a $200 million mixed‑use project called Rowlett Station, slated to redevelop the former Globe Life headquarters campus into a blend of office, retail, and multifamily residential units. The new project aims to further diversify McKinney’s economic base and provide additional housing and employment opportunities.
What This Means for McKinney
The successful sale of a fully leased retail asset underscores the city’s appeal to both national and regional investors. With a strong tenant roster and a strategic location near major thoroughfares, District 121 continues to serve as a catalyst for local commerce and community interaction. Residents can expect the existing restaurants and businesses to remain in place, preserving the neighborhood’s character while new ownership may bring fresh investment and enhancements.
Overall, the transaction reflects a broader trend of robust commercial real‑estate activity in Collin County, reinforcing McKinney’s reputation as a thriving hub for business development and family‑friendly amenities.
Original reporting: Community Impact — McKinney — read the source article.
