QualityStocksNewsBreaks – Suntex Enterprises Inc. (OTC: SNTX) Closes Acquisition of 100-Acre South Texas Development Property
Suntex Enterprises (OTC: SNTX) announced the closing of its previously disclosed acquisition of approximately 100 acres in South Texas through its wholly owned subsidiary, Red Spur Land & Ranch Co. Acquired for approximately $2.5 million, the property establishes a strategic land position and serves as the first major deployment of the company’s long-term development platform focused on land ownership, development, construction and infrastructure. The company said it is evaluating plans for a multi-phase mixed-use development that could include residential, commercial, hospitality, entertainment and community-oriented components. Suntex expects the project to leverage the capabilities of several operating subsidiaries, including GoldenEra Development,…