Charles Butt Of H-E-B Purchases 22 Acres In Flower Mound For Grocery Store Development

This 22-acre development site is located at FM 1171 & US 377 in Flower Mound. The asset forms part of the extensive 2,300-acre Furst Ranch development, which is undergoing significant infrastructure enhancements. The site is earmarked for a grocery store and fuel station as part of a larger project.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not specified
• Address: FM 1171 & US 377
• Market: Flower Mound
• Acreage: 22
• Buyer: Charles Butt
• Company: H-E-B

H-E-B's acquisition is part of a $30 million infrastructure buildout expected to commence in October, with residential construction projected to begin in 2027.