Investor buys a more than 600-acre equestrian farm in Celina

A well-liked Collin County equestrian middle is the most recent massive property in Celina to vary palms.

The Legacy Equestrian Center plans to proceed operations following the latest sale to Hersh Family Investments. The Dallas-based personal agency invests in a number of initiatives together with e-sports and gaming, well being care and specialty manufacturing.

The funding firm was based because the household funding workplace of Kenneth A. Hersh, co-founder and former CEO of personal fairness agency NGP Energy Capital Management. He can be the president and CEO of the George W. Bush Presidential Center at Southern Methodist University.

Hersh Family Investments officers didn’t reply to requests for extra particulars.

But Legacy Equestrian Center’s Emily Duevel mentioned the power will proceed to function for the foreseeable future. The middle, simply east of Preston Road close to County Road 134, is in an space that’s seen a number of latest rural property gross sales, based on longtime Collin County actual property dealer Rex Glendenning.

“There are several major land holders in that market,” Glendenning mentioned.

Huffines Communities owns virtually 1,700 acres in that very same space. And one other investor – Central Frisco Ltd. – has assembled about 1,600 acres for future growth.

The undeveloped properties are in the identical space the place the Celina Independent School District just lately bought a new college web site. Infrastructure upgrades will should be made in that space of Celina earlier than builders can construct 1000’s of recent properties.

Celina has seen a few of North Texas’ largest latest land trades. Most of the purchases have been on the town’s west aspect close to the route of the Dallas North Tollway extension.