Marcus & Millichap announced the sale of Sherman Heights Land Development, a 13 acre multifamily zoned parcel of land located in Sherman.

David Fersing, Nick Fluellen and Bard Hoover, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, an out of state developer, was also secured and represented by Mr. Fersing, Mr. Fluellen and Mr. Hoover, will build a 250+ unit Class-A garden apartment community on the site. Sherman Heights Land Development is located at 1400 FM1417 in Sherman.