1450 West Valley Ridge Blvd
Lewisville, TX 75077

Cushman & Wakefield has been exclusively retained to execute the sale of ±9.248 acres of land (the “Property”) located near the southeast intersection of N. Garden Ridge Boulevard and W. Valley Ridge in Lewisville, Texas on behalf of Lewisville Independent School District (“LISD”). The Property is located within LISD and Denton County in the City of Lewisville and has full access to utilities and road infrastructure. The Property is vacant undeveloped land and is zoned LI (Light Industrial). The Lewisville submarket has experienced unprecedented growth due to an influx of nearby corporate employers, including many Fortune 500 company headquarters, expansion of DFW International Airport and substantial infrastructure investment including utility capacity upgrades, roadway widenings and state of the art schools. With the recent growth of this submarket, much of the vacant land has filled in leaving relative scarcity of undeveloped tracts suitable for development. The extraordinary employment growth in North Texas has created significant demand for almost all real estate product types. MINIMUM BID PRICE: $2,415,000 IMPORTANT DATES Offering Announcement: June 19, 2020 Deadline for Questions: July 8, 2020 at 1:00PM* Answers to Questions Posted to Due Diligence Room: July 14, 2020 at 5:00PM* Initial Sealed Bid(s) Deadline: August 6, 2020 at 2:00PM* *All Times in Central Standard Time For Bid submission, prospective purchasers may submit either electronically or in hard copy. ELECTRONIC BID SUBMISSION Visit (https://lisd.ionwave.net/Login.aspx) Click on the Supplier Registration button. Fill out the required fields within each tab and complete registration. Log in using your Login Name and Password. Select the Bid titled "CSB 2675-20 Sale of Lewisville ISD Surplus Property - Valley Ridge." Bidders can elect to download and manually fill out the required bid submission documents by using the Attachments tab and can upload the completed documents within the Response Attachments tab OR bidders can elect to complete all required documents electronically using the Attributes tab. HARD COPY Please deliver the following in a sealed envelope labeled "LISD Bid(s): Attention Craig Martin" to the Lewisville Independent School District Administrative Center located at 1565-A West Main Street, Suite 220, Lewisville, Texas, 75067: One (1) physical copy of bid(s) Two (2) flash drives containing bid(s) Bids received after the deadline or without the required option fee, shall not be considered. All forms required for submission are contained within the Due Diligence folder.