SHH! HEB quietly accumulating DFW area landSHH! HEB quietly accumulating DFW area landhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=14032015-03-27T08:31:00Z2015-03-27T00:00:00Z

DALLAS-FORT WORTH - HEB has quietly been gathering acreage in North Texas while building stores in Houston and San Antonio that redefine the traditional Texas supermarket.

The San Antonio-based grocer has bought at least a dozen locations in the region including:

  • Allen: Greenville Avenue and Exchange Parkway in Allen 75002 (northwest corner);
  • Corinth: FM 2181 and FM 2499 Corinth, 76210 (in the Teasley Crossing addition);
  • Dallas: 5204 S. Buckner Blvd., Dallas 75227 (11.26 acres);
  • DeSoto: 845 and 849 N. I 35E (Beckley Road), DeSoto 75115 (17.4 acres);
  • Fort Worth: 6301, 6325 and 6351 W. Bailey Boswell Road, Fort Worth 76179;
  • Frisco: Lebanon Road and FM 423 in Frisco (23.88 acres at the Village at Phillips Creek Ranch in Denton County);
  • Grand Prairie: 5325 and 5303 Lake Ridge Parkway, Grand Prairie 75052;
  • Lewisville:
  • McKinney: 5317 W. University Drive in McKinney 75071 (in Wilson Creek Crossing);
  • Murphy: FM 544 (Kirby Street) and the intersection of McCreary, Murphy 75094  (southeast corner); and
  • Plano: Southwest corner of Preston Road and Spring Creek Parkway in Plano (in Turner Heritage addition).

A full-blown expansion north seems like a natural step to everyone else in Texas, but the 110-year-old family-owned and -operated business didn’t make it to the top of its game by rushing into anything.

H-E-B, which operates five Central Market specialty food stores in the Dallas area, has land-banked 16 North Texas sites, according to Karla Smith, senior vice president and partner in the Dallas office of commercial real estate firm CBRE.

H-E-B has become one of the ten largest grocers in the U.S., according Supermarket News. With annual sales of $22.6 billion last year, it operates 373 stores, including 50 in Mexico. The company has been led by chairman and CEO Charles Butt, grandson of the founder, since the 1970s.

“If and when we do, it would be custom-built for DFW and not modeled after another market,” said Winell Herron, H-E-B vice president. “H-E-B values innovation, creativity and specific tailoring to the communities we serve.”

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/retail/20150325-h-e-b-quietly-buying-land-in-north-texas.eceRead more at {Source}

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