Individual
Holding Company
LP (Land-holding)
General Partner Entity
Operating Developer
Brokerage / Property Mgmt
Project Site
Marketing Agent
Related Entity (outside project chain)
Ownership / control
Shared officer / director
📍 Shared registered address

Node positions show the formal ownership/control chain (solid lines). Dashed pink lines and the 📍 address marker expose relationships a corporate chart alone would hide: the same officers and the same registered address recurring across entities presented publicly as separate. Hover any node for sourcing detail.

Sole owner Formed and capitalized Aug 2021 Formed Oct 2021, co-investor vehicle Formed ~Apr 2024, parcel-specific SPE Scarborough San Marcos GP LLC is General Partner of this LP Scarborough San Marcos GP LLC is General Partner of this LP Scarborough San Marcos GP LLC is General Partner of this LP GP entity controlled/managed through Scarborough Lane Development Landmark is the brokerage/property-management arm handling tax filings for the FM LPs Contracted exclusive marketing & leasing agent Tax/property-management contact on Caldwell CAD records Named co-developer / leasing agent in press releases Confirmed via OpenCorporates/TX SOS: shares its registered agent (Capitol Corporate Services, Austin) and its listed officers (Sandra Mendez, Scott Weaver, William Kell) with Franklin Mountain Investments, LLC - not merely a shared wnr.com portfolio listing. Ryan Burkhardt holds the presidency of both entities Ryan Burkhardt holds the presidency of both entities Feagin (President) & Browne (VP) run Landmark Interests James Feagin is founder-emeritus of Scarborough Lane Development El Paso, TX billionaire. Founded Western Refining (sold to Tesoro 2017, ~$4.1B). Net worth est. ~$3B. Franklin Mountain = named after El Paso's Franklin Mountains. Paul L. Foster Individual / Ultimate Owner El Paso, TX · ~$3B est. net worth TX SOS #0803728056 (LLC, formed Aug 2020). Registered address per OpenCorporates is its agent's Austin office (Capitol Corporate Services, 1501 S Mopac Expy Ste 220) - not El Paso. Paul Foster is CEO and a member. Related sibling entities - Franklin Mountain Investments Limited Partnership (2005) and Franklin Mountain Investments II, LP (2020) - are both controlled by a separate Franklin Mountain GP, L.L.C. and based at 123 W Mills Ave, El Paso. wnr.com brands all of these together and lists TriTexas Logistics Park in its portfolio, but no corporate filing found so far directly ties any of these entities to the FM San Marcos LPs as parent/subsidiary - that connection is sourced from the website listing only, not a filed ownership record. Franklin Mountain Investments Master Holding Co. (per wnr.com) Foster, CEO · TX #0803728056 TX SOS #0803184088 (LLC, incorporated Dec 10, 2018). Registered address per OpenCorporates: 123 W Mills Ave Ste 600, El Paso, TX 79901. Per OpenCorporates' Alternative Names record, this entity traded as "Scarborough ELP Development LLC" from 2018-12-10 until 2020-07-29, when it was renamed "Franklin Mountain Communities LLC" - it is the same legal entity as a former Scarborough-branded LLC. It also shares its registered agent (Capitol Corporate Services, 1501 S Mopac Expy Ste 220, Austin) AND its listed officers - Sandra Mendez (CFO), Scott Weaver (manager), William Kell (manager) - with Franklin Mountain Investments, LLC. (Note: an earlier version of this diagram cited a Texas Association of Builders directory listing at 16380 Addison Rd for this entity; that address does not match the primary TX SOS/OpenCorporates record and has been corrected.) Separately, per an El Paso Inc article (Oct 2024) on the ribbon-cutting for this entity's Campo del Sol development, James Feagin (Scarborough Lane) is publicly named as a project partner alongside Foster's Franklin Mountain Communities - a press-confirmed tie independent of the corporate-filing evidence above. Franklin Mountain Communities Foster's residential arm (El Paso) 📍 123 W Mills Ave, El Paso Formerly: Scarborough ELP Dev. LLC Shared officers w/ FM Investments TX SOS #32080846176. Formed Aug 31, 2021. Primary land-holding vehicle for the ~1,983-ac assemblage. All 8 FM-I parcels held here (Owner ID 234440 at Caldwell CAD). Registered at 16380 Addison Rd per OpenCorporates (mirrors TX SOS filing data) - same address as the Fund LP, GP LLC, Scarborough Lane Development, and Landmark Interests. FM San Marcos I, LP 8 parcels · ~1,983 ac 📍 16380 Addison Rd TX #32080846176 TX SOS #32081356514. Formed Oct 6, 2021, six weeks after FM-I LP. Likely pools co-investors alongside Foster's primary capital. Registered at 16380 Addison Rd - same address as Scarborough Lane Development, Landmark Interests, and Scarborough San Marcos GP LLC. FM San Marcos Fund, LP Investor / fund vehicle 📍 16380 Addison Rd TX #32081356514 Formed ~Apr 2024, contemporaneous with parcel acquisition. Holds the 75-ac Pettus Survey tract (Caldwell CAD ID 28052). Owner ID 242650 - distinct from FM-I LP's 234440. Possibly a tenant-specific SPE or second-tranche vehicle. Registered at 16380 Addison Rd per OpenCorporates (mirrors TX SOS filing data) - same address as the other FM San Marcos LPs, GP LLC, Scarborough Lane Development, and Landmark Interests. FM San Marcos 75, LP 1 parcel · ~75 ac 📍 16380 Addison Rd CAD Owner ID 242650 The formal GP entity for all three FM San Marcos LPs. No independent public web record - only appears in Caldwell County deed records and Caldwell CAD. Controlled through Scarborough Lane Development. Registered at 16380 Addison Rd. Scarborough San Marcos GP LLC General Partner, all 3 LPs 📍 16380 Addison Rd No independent web presence MS Accounting, Texas Tech; prior Ernst & Young real estate group. Signs deeds and regulatory filings for the FM San Marcos LPs. Dual presidency is the clearest documented link between Foster's Franklin Mountain empire and Scarborough Lane Development. Ryan Burkhardt President, Scarborough Lane President, FM Communities (same person, both roles) TX SOS #0156479500. 16380 Addison Rd, Addison TX 75001. Phone (972) 380-5900. 30+ year Texas master-planned community developer. President: Ryan Burkhardt. Founder: James Feagin. EVP Industrial: Clayton Kendall. Scarborough Lane Development Operating Developer / GP Manager 📍 16380 Addison Rd Pres. Burkhardt · Founder Feagin James Feagin: BBA Real Estate Finance, Texas Tech; 40+ yrs Texas real estate. Founder/President of Landmark Interests and founder-emeritus of Scarborough Lane Development (a 2024 El Paso Inc article instead quotes him as CEO of Scarborough Lane - title discrepancy unresolved). Publicly named alongside Paul Foster's Franklin Mountain Communities as project partners on the Campo del Sol development in El Paso (El Paso Inc, Oct 2024) - a second, press-confirmed Foster-Feagin tie beyond San Marcos. Bruce Browne: VP of Landmark Interests, co-listed as tax/property contact on FM-I LP Caldwell CAD records. Feagin & Browne Pres./VP, Landmark Interests Feagin: also founder-emeritus, Scarborough Lane Development 16380 Addison Rd, Addison TX 75001 - website redirects to scarboroughlanedevelopment.com. Brokered 42,000+ ac valued at $1B+ in TX. Feagin (President) and Browne (VP) appear as tax contacts on Caldwell CAD property records for all FM-I LP parcels. Per OpenCorporates/TX SOS, "Landmark Interests" is a trading name (d/b/a) of Albedrew, Inc. (TX SOS #0145927100, incorporated 1997) - it traded as "Landmark Interests" 1998-2008, then again from 2018 onward. James R. Feagin is president, director, and registered agent of Albedrew, Inc. Landmark Interests Brokerage / Property Mgmt 📍 16380 Addison Rd Tax contact on Caldwell CAD Named in a PR Newswire press release as co-developer and exclusive leasing/marketing agent. Houston-based commercial real estate firm. Markets the project to industrial tenants. Partners Real Estate Exclusive Marketing / Leasing Houston, TX Caldwell County + City of San Marcos, TX. 9 Caldwell CAD parcels (8 FM-I LP + 1 FM-75 LP). ~2,058 acres total; $24.3M combined market value (ag-exempt). ARWA Phase 1B pipeline easements: 15.25 ac permanent corridor. Lender: AgTrust, ACA - two loans ~$52.8M. Governing DA: First Amended & Restated SMART Terminal DA (2023-001629). TriTexas Logistics Park (formerly SMART Terminal / Axis Logistics Park) ~2,058 ac · 9 parcels · $24.3M value Lender: AgTrust, ACA · ~$52.8M ARWA easements: 15.25 ac permanent corridor

Key Personnel

Scarborough Lane Development / Franklin Mountain Communities (operator) Landmark Interests (brokerage)

Ryan Burkhardt
President - Scarborough Lane Development
President - Franklin Mountain Communities (Foster's El Paso residential arm)
MS Accounting, Texas Tech; prior Ernst & Young (real estate group)
Signs all deeds and regulatory filings on behalf of the FM San Marcos LPs. Dual presidency is further evidence of the Foster–Scarborough Lane relationship - though the entity-level proof is stronger: Franklin Mountain Communities, LLC (which he leads) traded as "Scarborough ELP Development LLC" until 2020.
James Feagin
Founder / President - Landmark Interests
Founder-emeritus - Scarborough Lane Development (a 2024 El Paso Inc article instead quotes him as CEO of Scarborough Lane - title discrepancy not yet resolved)
BBA Real Estate Finance, Texas Tech; 40+ yrs Texas real estate
Listed as tax/property contact on all FM-I LP Caldwell CAD records. Publicly named alongside Paul Foster's Franklin Mountain Communities as project partners on the Campo del Sol development in El Paso (El Paso Inc, Oct 2024) - an independent, press-confirmed Foster–Feagin tie beyond the San Marcos project.
Bruce Browne
Vice President - Landmark Interests
Co-listed as tax/property contact on FM-I LP Caldwell CAD records alongside Feagin. Handles property tax management and brokerage for FM LP parcels.
Clayton Kendall
Executive Vice President, Industrial Division - Scarborough Lane Development
Primary city/regulatory interface for the Axis project. Signed May 2023 letter to San Marcos City Council. Described in documents as VP of Scarborough Lane Development.

Structural Notes

Jurisdiction & Development Agreement Coverage

The ~2,058-acre assemblage spans 9 Caldwell CAD parcels across two ownership entities. Historically, all of it sat within the City of San Marcos's Extraterritorial Jurisdiction (ETJ) - the original 2019 agreement is literally named the "Chapter 380 Economic Development Incentive and ETJ Development Agreement." Only a fraction has actually been annexed into the city limits: Ordinance 2019-01 annexed ~733.6 acres (as later corrected by a Nov 2024 technical amendment; originally 734.6 acres) and Ordinance 2024-27 annexed a separate 7.553-acre road strip for Energy Parkway, for a combined ~741 acres in city limits. A companion ordinance passed the same night as Ord. 2019-01, Ordinance 2019-02, rezoned that same ~734.6-acre footprint to Heavy Industrial - both ordinances were originally proposed at first reading for a larger ~934.34 acres, then both reduced to the identical smaller footprint at second/final reading. A much larger annexation attempt in 2023 (Ord. 2023-32, ~619.755 acres, paired with a rezoning of ~588.821 acres to Heavy Industrial) was formally withdrawn by the developer in June 2023 and never took effect. The remaining acreage - roughly 1,300+ of the ~2,058 total - stays in unincorporated Caldwell County, outside City zoning jurisdiction entirely. The site's records don't map the annexed ~741 acres onto specific CAD parcel boundaries, so it isn't possible to say from this site's sources exactly which of the 9 parcels are fully inside city limits versus only partially so.

Coverage under the governing Development Agreement (originally 2019, amended 2023) tracks ownership, not jurisdiction: it applies to all 8 parcels held by Franklin Mountain San Marcos I, LP, regardless of whether those parcels sit in the city or the county. It explicitly excludes the ~72.834-acre parcel (CAD ID 28052) held separately by Franklin Mountain San Marcos 75, LP - see the Permitted & Prohibited Uses page for what that means for that parcel. That parcel's historical ETJ status isn't independently confirmed by a source on this site, unlike the other 8 parcels, which are directly tied to the 2019 ETJ Development Agreement.

Source: Caldwell CAD parcel records; City of San Marcos annexation ordinances (Ord. 2019-01, Ord. 2024-27); Chapter 380 Economic Development Incentive and ETJ Development Agreement (Res. 2019-49R); First Amended & Restated SMART Terminal DA (Res. 2023-20R).
Compiled from: Texas SOS filings • Caldwell County deed records (instruments 370_2021_007621–370_2025_004791) • Caldwell CAD 2026 property records • Franklin Mountain Investments (wnr.com) • Public corporate databases • Press releases