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Charles Butt Acquires Development Site In Manor For H-E-B Expansion

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SOLD

Texas

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Development Site
Sold 04/04/2024
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Property Image
SOLD

Charles Butt Acquires Development Site In Manor For H-E-B Expansion

Development Site
Sold 04/04/2024
the dealdetailscomps

Summary

Asset Type:Development Site
Transaction Type:Sale

The development site located at Highway 290 & FM 973 in Manor spans 20 acres. The property serves as the future site for H-E-B's new store in Manor, northeast Austin, as part of the larger 63-acre Manor Crossing retail center.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: Not specified
  • Buyer: Charles Butt - H-E-B
  • Market: Manor
  • Asset Type: Development Site
  • Buyer: Charles Butt - H-E-B

Charles Butt, the CEO of H-E-B, spearheaded the purchase of the development site, indicating the grocery chain's strategic expansion plans in the growing area of Manor. The move highlights H-E-B's commitment to providing convenient shopping options for the community with the construction process set to commence soon and store openings scheduled for 2025.

Details

SOLD
IMAGE: Charles Butt DATE: 04/04/2024 ADDRESS: Highway 290 & FM 973 MARKET: Manor ASSET TYPE: Development Site ~ ACRES: 20 BUYER: Charles Butt - H-E-B (@HEB) NOTE: H-E-B is expanding its footprint with a new store in Manor, northeast Austin, as part of the 63-acre Manor Crossing retail center. The grocery chain's move suggests a significant retail hub in a growing area, addressing the community's need for convenient shopping options, with construction expected to begin soon and store openings projected for 2025.

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