Solana business park land acquired by Verizon

Verizon Wireless has bought 25 acres of land from Carrolton-based developer Centurion American Development Group in preparation to expand its office complex at the northeast corner of Texas 114 and Dove Road in the 900-acre Solana business park.

Centurion owner Mehrdad Moayedi acquired more than 285 acres of undeveloped land from the Maguire Partners-Solana Land limited partnership in August 2012. Moayedi, managing partner of Maguire Partners-Solana Land, sold 8.2 acres east of the Baylor Medical Center to Irving-based hotel developer Trophy Lodging.

Development plans are in store for 169 acres of Moayedi’s Solana lands at the northeast corner of Davis and Solana boulevards, which include 85 acres for a commercial enterprise called Westlake Vallecito and 84 acres for residential use.