H-E-B Collecting Acreage in Northern Texas
SAN ANTONIO, TX - H-E-B has reportedly been quietly collecting acreage in northern Texas, having already secured 16 sites so far.
While the range of land purchases have raised questions about a possible expansion outside of the central market, according to a Dallas News Report, the company’s strategy continues to be that slow and steady wins the race.
“We continue to include D-FW (Dallas-Fort Worth) in our statewide real estate search for future property holdings for the company,” Winell Herron, H-E-B Vice President, said in the report. “For the time being, Central Market will continue to be our primary format and growth vehicle for the D-FW area.”
Herron also emphasized that while advance real estate purchases is a key component of H-E-B’s strategy for offering low in-store prices, not all land purchases meet the requirements for store construction.
But while the company stated that it doesn’t haven’t any current plans to bring stores to the D-FW area, some are not counting them out, according to the Dallas News.
“This market is ready for them,” Karla Smith, Senior Vice President and Partner for the CBRE/UCR, a Dallas-based commercial real estate firm, said in the report. “I anticipate H-E-B will open a few stores in Dallas-Fort Worth in 2016.”
At over a century old, the family-owned and operated company is known for taking its time. AndNowUKnow will continue to report on this story as it develops.