A Southlake-based investor has purchased dozens of acres of land in Denison, hoping its value will surge amid a potential semiconductor boom.
Last year, The Dallas Express reported on the significant development Grayson County is experiencing, with huge swaths of land acquired as part of a drive to build semiconductor facilities in the region. Numerous chip-making giants have been making moves in the area in recent years, such as Texas Instruments’ $30 billion announcement in 2021 to build four separate semiconductor production plants and GlobalWafer’s decision in 2022 to open a $5 billion facility.
Both projects will be built in Sherman, about 12 miles north of Denison.
Now, Investment Catalysts LLC hopes to capitalize on the growth with the purchase of nearly 76 acres in a fast-growing part of Grayson County earlier this year. Investment Catalysts reportedly has no intention of developing the site. Instead, the investor is banking on the region’s growth to help drive up property value.
While the deal closed in February, it was only announced on April 10. Kevin Eldridge, an Investment Catalyst representative, said the company plans to hold on to the acreage until the “market matures,” per the Dallas Business Journal.
“Those international companies that are expanding up there — we’re taking advantage of that bright future for them,” Eldridge said.
Grayson County is part of the wider area known as Texoma, an interstate region split between Texas and Oklahoma. The region, comprising eight counties with a population of nearly 320,000, is expected to experience significant growth amid the rising demand for semiconductor chips, partly driven by the growing popularity of artificial intelligence.
