H-E-B’s Expansion in Dallas-Fort Worth
H-E-B is making more moves in Dallas-Fort Worth, and the firm has purchased a large swath in the northern part of the region. The Texas grocer has purchased about 95 acres in Pilot Point, a city nestled near fast-growing cities such as Celina. The parcel is located at the northeast corner of FM 1385 and Mustang roads. The transaction closed Wednesday, Denton County deed records show.
The property was acquired from longtime owners the Gardiner family, who were represented by Ben McCutchin of Younger Partners. Rex Glendenning and Caleb Lavey of Frisco-based REX Real Estate represented H-E-B along with Ernie Kennedy. Further details of the transaction were not provided.
D-FW Retail News
H-E-B’s Long-Term Investment
For H-E-B, “the purchase is a long-term real estate investment,” said Mabrie Jackson, managing director of public affairs for H-E-B and Central Market, in an emailed statement. “There are no immediate plans for a store at this location,” Jackson said. The additional property adds to H-E-B’s growing reach around North Texas as it competes with entrenched players such as Kroger, Tom Thumb and Walmart.
The San Antonio-based grocer opened a site in northwest Frisco last year facing U.S. Highway 380, and earlier this month began welcoming customers in nearby Prosper. It also has plans for a second store in Denton and has purchased land in the Sherman area.
Related Developments
Related
Growth in Pilot Point
Pilot Point, located about 60 miles north of downtown Dallas, is benefiting from explosive growth in Denton County and northern D-FW. Plano’s Green Brick Partners has invested around the city, including plans for more than 2,000 homes that were revealed last year.
Farmer’s Branch-based Centurion American announced last year that it planned Bryson Ranch, a roughly 3,000-home master-planned community in Pilot Point. Builders contracted for the development include DR Horton, Beazer, First Texas, Ashton Woods and M/I Homes. Initial lots are expected to be ready early 2026, the company said.
Other Centurion American developments in the Pilot Point area include Creekview and Mobberly Farms. H-E-B built out a real estate portfolio in North Texas years before it entered the market as it anticipated future growth.
Demographics and Validation
More than 1 million people live in Denton County, according to the latest U.S. Census estimates. “I feel (the deal) certainly validates the growth in our area,” Glendenning said.
Conclusion
In conclusion, H-E-B’s purchase of 95 acres in Pilot Point is a strategic move to expand its presence in the northern part of the Dallas-Fort Worth region. The company’s long-term investment in the area is a testament to its confidence in the region’s growth and potential. With its growing reach and competitive edge, H-E-B is poised to become a major player in the North Texas retail market.
Frequently Asked Questions
Q: What is the location of the purchased land?
A: The purchased land is located at the northeast corner of FM 1385 and Mustang roads in Pilot Point, Texas.
Q: How many acres of land did H-E-B purchase?
A: H-E-B purchased approximately 95 acres of land.
Q: What is the current plan for the purchased land?
A: According to H-E-B, there are no immediate plans for a store at this location. The purchase is considered a long-term real estate investment.
Q: What is the population of Denton County?
A: According to the latest U.S. Census estimates, more than 1 million people live in Denton County.
