The 77-acre site that sold on the south side of U.S. Highway 380 was previously owned by a Hong Kong company that planned a huge mixed-use development.
The 77-acre former Lesso Mall site is on the south side of U.S. 380 near the PGA headquarters.A high-profile Frisco property located near PGA of America’s new headquarters has sold to an investment group with North Texas connections.
A Frisco-based real estate partnership represented by investor Sivaramaiah Kondru has now acquired the key development site. Kondru and affiliated partners have multiple properties in North Texas. CBRE’s Marty Neilon described the property in a marketing pitch as being “located in one of the most important long-term development concentrations in our market.” CBRE’s Neilon and Carter Kendall brokered the sale on behalf of Lesso Mall.more developers and land investors are focusing on the surrounding area of north Frisco.
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