Bright Land Holdings, LCC purchased the Central Avenue and Indian School Road development site, located at 4040, 4050 and 4060 N. Central Ave., for $6.1 million from 4040 N. Central, LLC (Glasir Capital Partners). The 3.17-acre development site is located south of the southwest corner of Central Avenue and Indian School Road.
Cushman & Wakefield Executive Managing Directors David Fogler and Steven Nicoluzakis represented the seller and Cushman & Wakefield Managing Director Mark Bramlett represented the buyer.
“This site has excellent development potential for developers to pursue high-density multifamily development. With the limited availability of hard-corner, infill T.O.D. sites having great access to major job and transportation corridors, this site is perfectly positioned in the market,” said Nicoluzakis.