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

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Sold 04/17/2024
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Charles Butt Of H-E-B Acquires 21-Acre Development Site In Celina

Development Site
Sold 04/17/2024
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Summary

Asset Type:Development Site
Transaction Type:Sale

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:

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.

Players

Matthew Kiran
2 deals(407) 613-2808
BROKER

Details

SOLD
IMAGE: Charles Butt & Matthew Kiran DATE: 04/17/2024 ADDRESS: Northeast corner of Dallas North Tollway & Fred Smith Parkway MARKET: Celina ASSET TYPE: Development Site ~ ACRES: 21 BUYER: Charles Butt - H-E-B (@HEB) SELLER: Suresh Manyam - Squeaky Realty Partnership BUYER'S REP: Ernie Kennedy - DSF Capital SELLER'S REP: Matthew Kiran - Rex Real Estate NOTE: H-E-B has acquired a 21-acre tract in Celina near the Legacy Hills master-planned development, signaling potential future expansion for the grocer in the region. With Celina leading in new home construction and building permits in Collin County, the move aligns with the trend of "retail following rooftops," according to real estate experts, as the area experiences continued growth and development.

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