Gainesville, Texas, February 5, 2026
Rex and Sherese Glendenning have invested in a significant 815-acre property in Gainesville, Texas, aimed at mixed-use development including homes and an industrial park. This acquisition continues the trend of rapid growth in North Texas real estate, driven by increasing demand for housing and commercial space. The project is set to enhance the area’s economic landscape and address the rising need for diverse housing options as the population grows.
Celina, Texas – The expansion of development in North Texas continues as real estate developer Rex Glendenning and his wife, Sherese, have acquired an impressive 815-acre property along Interstate 35 in Gainesville, Texas. This recent purchase, closed through their firm Old Chisholm Trail Partners, marks a significant investment in the region’s economic future, although specific financial details of the transaction remain under wraps.
The property, located approximately 70 miles north of Dallas and 65 miles north of Fort Worth, was in the hands of the Pace family for over 75 years. Glendenning’s vision for this massive piece of land includes a mixed-use development featuring between 800 and 1,000 single-family homes and 2,000 to 3,000 apartments on the northern 400 acres. The southern portion is anticipated to accommodate a large logistics or industrial park, reinforcing the area’s role as a hub for both residential and economic growth. Additionally, negotiations are reportedly taking place with grocery store chains to enhance the convenience and appeal of the project.
This acquisition aligns with a growing trend of substantial real estate developments in the North Texas area. Following the Glendenning deal, H-E-B finalized its acquisition of 600 acres in Cooke County, also situated along the vital Interstate 35 corridor. Furthermore, BNSF Railway has announced plans for a proposed 1,000-acre logistics park between Sanger and Valley View, highlighting the region’s rapid development pace and increasing demand for housing and industrial space.
Rex Glendenning is well-regarded within the North Texas real estate community, being the founder of REX Real Estate. His firm holds a reputation for spearheading significant projects that have transformed urban landscapes, such as Frisco Bridges and Granite Park. Notably, Glendenning was instrumental in relocating the Dallas Cowboys’ headquarters to Frisco, an endeavor that has spurred additional nearby development.
The Gainesville project stands to contribute favorably to the region’s housing and industrial infrastructure, a necessary response to the ongoing population influx and the increasing need for diverse housing options. As North Texas continues to experience substantial expansion, the Glendennings’ venture exemplifies the entrepreneurial spirit and determination that drives local economic growth.
Frequently Asked Questions (FAQ)
Who are Rex and Sherese Glendenning?
Rex and Sherese Glendenning are real estate developers based in Celina, Texas. Rex is the founder of REX Real Estate, a firm specializing in land development along the Dallas North Tollway and Preston Road in North Texas.
What is the significance of the 815-acre property in Gainesville?
The 815-acre property in Gainesville, Texas, purchased by Rex and Sherese Glendenning, is planned for a mixed-use development. The project aims to include between 800 and 1,000 single-family homes, 2,000 to 3,000 apartments, and potentially a large logistics or industrial park, contributing to the region’s housing and industrial infrastructure.
What other developments are occurring in the area?
In addition to the Glendenning’s acquisition, H-E-B recently purchased 600 acres in Cooke County, and BNSF Railway has proposed a 1,000-acre logistics park between Sanger and Valley View, indicating significant growth and development in the region.
What is REX Real Estate’s role in North Texas development?
REX Real Estate, led by Rex Glendenning, has been instrumental in numerous high-profile projects in North Texas, including Frisco Bridges, Granite Park, and the relocation of the Dallas Cowboys’ headquarters to Frisco, known as The Star. The firm specializes in land along the Dallas North Tollway and Preston Road, areas experiencing significant development.
How does this development align with regional growth trends?
The Gainesville project aligns with the ongoing expansion and development in North Texas, contributing to the region’s housing and industrial infrastructure and supporting the area’s rapid growth.
Key Features of the Gainesville Development Project
| Feature | Details |
|---|---|
| Location | Gainesville, Texas, along Interstate 35, approximately 70 miles north of Dallas and 65 miles north of Fort Worth. |
| Property Size | 815 acres, previously owned by the Pace family for over 75 years. |
| Development Plans | Mixed-use project including 800 to 1,000 single-family homes, 2,000 to 3,000 apartments, and a potential large logistics or industrial park. |
| Additional Developments in the Area | H-E-B’s purchase of 600 acres in Cooke County and a proposed 1,000-acre logistics park by BNSF Railway between Sanger and Valley View. |
| Developer’s Background | Rex Glendenning, founder of REX Real Estate, known for projects like Frisco Bridges, Granite Park, and The Star in Frisco. |
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