Drake in the News
Drake Announces Land Purchase by Sanderson Farms
May 02, 2017
For Immediate Release
Tyler, Texas – Sanderson Farms closed today on approximately 550 acres at the intersection of FM 2015 and Sand Flat Road just North of I-20. Chris Wiesinger, Vice President – Land, at Drake Real Estate & Investments represented an undisclosed out of state seller in the transaction.
“We are very proud of Chris and this transaction,” said Matthew Marshall, founding principal and broker at Drake. “This deal took over a year to close and our land department’s knowledge, superior marketing and expertise with water tables, soil composition and mapping put our client’s site at the top of the list for Sanderson.”
Sanderson plans to construct a state-of-the-art poultry processing complex on the subject property. This new facility along with smaller locations in Lindale and Wood County, will bring in approximately 1700 new jobs, $200 million in overall investment. The processing facility will demand 80 contract growers and will be able to process and sell 375 million pounds of poultry at full production. Construction on the facilities is slated to begin in late 2017 or early 2018.
Drake Real Estate & Investments is a commercial real estate and investment firm offering expert advice and representation to clients in all of commercial real estate throughout northeast Texas and Western Louisiana. Matthew Marshall, Drake Real Estate and Investments Broker, states “our agents are recognized as aggressive and skilled negotiators who strive to thoroughly under each client’s business goals, and assist them in meeting those goals through unmatched market knowledge”. With unwavering integrity and superior work ethic, Drake’s Tyler office has brokered over $250 million since 2012!
For Additional Information, aerial exhibits/maps or details, please contact Chris Wiesinger at (903) 253-9077 or firstname.lastname@example.org.