Charles Butt Of H-E-B Acquires 21-Acre Development Site In Celina

The transaction involves a 21-acre development site located at the northeast corner of Dallas North Tollway & Fred Smith Parkway in Celina. The site was acquired by Charles Butt from Suresh Manyam and the Squeaky Realty Partnership. The market value of the property is indicative of the growing development in Celina, known for its new home construction and building permits in Collin County.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not provided
• Buyer: Charles Butt - H-E-B
• Seller: Suresh Manyam - Squeaky Realty Partnership
• Buyer's Rep: Ernie Kennedy - DSF Capital
• Seller's Rep: Matthew Kiran - Rex Real Estate

H-E-B's acquisition of the 21-acre tract in Celina near the Legacy Hills master-planned development signifies potential future expansion opportunities for the grocer in the region. The move aligns with the concept of "retail following rooftops," as the area experiences sustained growth and development, attracting the attention of real estate experts.