McKinney, Texas — closed Sept. 22, 2026; announced Oct. 13, 2026. Craig International has sold the retail component of District 121, the restaurant and retail destination near State Highway 121 and Alma Road, according to Community Impact and Local Profile reports based on a company announcement.

The buyer and purchase price were not disclosed. The property was 100% leased at the time of the sale.

What sold

Community Impact reported that District 121's retail component includes two buildings totaling 36,723 square feet on a little more than 3.70 acres, per Collin County land records cited in that report. The overall District 121 development is more than 17 acres and includes an office building and a parking garage. Local Profile described the site as about 17.85 acres with a central outdoor common area known as The Commons.

Tenants named in coverage include Mi Cocina, Bob's Steak and Chop House, Pie Tap, Broken Yolk, The Common Table, Credit Union of Texas, Shun by Yama Sushi and Skinn by Beverly Hills.

Tim Axilrod of SHOP Companies marketed the property and brokered the sale. He said in a statement quoted by Community Impact that the deal went from contract to closing in 62 days. David Craig, chairman and CEO of Craig International, said reaching 100% leased as the sale closed reflected tenant strength and continued growth in the area.

The sale follows an earlier transaction on the adjacent Class AA office building at Alma Road and SH 121, sold by Kaizen Development Partners to Eckard Enterprises in October 2025, according to Collin County land records cited in the same reporting. A shared parking garage serving the property is managed by the McKinney Economic Development Corporation, according to Local Profile. District 121 opened in 2023.

Status

Closed Sept. 22, 2026. Announced Oct. 13, 2026. Buyer and price were not disclosed. Occupancy was reported at 100% at closing.

What it means for nearby land

A fully leased restaurant-retail node trading near SH 121 is a leasing and location data point for McKinney's Craig Ranch / Alma corridor. Without a disclosed price, the sale does not set a published dollar-per-square-foot comparable.

Sources

• Community Impact, "Craig International sells District 121 retail property in McKinney" (Oct. 13, 2026): https://communityimpact.com/mckinney/development/craig-international-sells-district-121-retail-property-in-mckinney/
• Local Profile, "McKinney's District 121 Sells After Reaching 100% Occupancy" (Oct. 14, 2026): https://www.localprofile.com/real-estate/mckinneys-district-121-sells-after-reaching-100-occupancy-12890891
• DealRevue, District 121 deal card: https://dealrevue.com/dallas-fort-worth/deals/district-121/

Email Dan@CooperLandCompany.com or visit cooperlandcompany.com.