Unique Dallas development site trades hands in Knox District

DALLAS, April 30, 2026 –  JLL Capital Markets announced today that it has arranged the successful sale of Monticello West, a 1.74 acre redevelopment site with multiple potential development opportunities in Dallas, Texas.

JLL worked on behalf of the seller, Lakemore LCS Leasing MW LLC. The buyer was McKinney Webb Holdings, LLC.

Located at 5114 McKinney Ave., this unique property is right in the cultural heart of Dallas, conveniently positioned between Highland Park and the vibrant Knox-Henderson Avenue corridor. The site offers direct access to major pedestrian and vehicular thoroughfares, and is surrounded by upscale residential development, popular entertainment venues and dining establishments. Additionally, the site is just 300 feet from the popular Katy Trail, a 3.5-mile recreational path that serves as a central component of North Texas’ urban living experience.

Monticello West presented a unique opportunity for various development options, including multifamily, office and hotel use, thanks to its current PD 193 LC zoning. With a maximum height permitted to 240 feet and an approved floor area ratio of 4:5:1, the site offers significant flexibility for the next owner.

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Managing Director Jonathan Carrier, Senior Managing Director Michael Swaldi and Associate Adam McDaniel.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.