"area," late 15c., "period or lapse of time," from Latin tractus "track, course, space, duration," lit, "a drawing out or pulling," from stem of trahere "to pull, draw," from PIE root *tragh- "to draw, drag, move" (cf. Slovenian trag "trace, track," Middle Irish tragud "ebb," perhaps with a variant form *dhragh-; see drag (v.)). The meaning "stretch of land or water" is first recorded 1550s. Specific U.S. sense of "plot of land for development" is recorded from 1912; tract houses attested from 1963.
"little book, treatise" mid-12c., probably a shortened form of Latin tractatus "a handling, treatise, treatment," from tractare "to handle" (see treat). Not in any other language, according to OED.