Dallas, TX
Land Changes Hand for New Volkswagen Car Dealership in Rockwall County
May 4, 2023
Media Contact
Communications & Media Manager
CBRE announced that ZTEX, LLC, led by Christopher Zamora, has purchased a 5.32-acre tract of land at the Northwest quadrant of I-30 and FM 551 in Fate, Texas. The property was sold by Petro-Hunt, LLC for an undisclosed price. Thurston Witt with CBRE represented both parties in the transaction.
ZTEX, LLC, will use the land to build Rockwall County Volkswagen, a Volkswagen car dealership. Mr. Zamora and his family own approximately 20 car dealerships across the country. This will be the company’s fourth dealership in Texas and their first in the Dallas-Fort Worth metroplex.
“Rockwall County was identified by Volkswagen as a high growth area with no current brand representation,” said Mr. Witt. “Mr. Zamora’s bid was selected out of several applicants to open the dealership because of his organization's track record regarding client satisfaction, state of the art facilities, sales volume and a strategic vision for the future.”
Petro-Hunt, LLC plans for a mix of commercial, retail and residential on the remaining 250 acres of land they own in Fate.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.