HEB I bought Prosper the land of the size needed to build a supermarket.
According to certificate records, the property was purchased this week on 19.78 acres on the southeastern corner of Frontier Parkway and Dallas North Tollway. The land is surrounded by new housing developments and more rooftop plans.
The property is just west of Prosper High School and next to Frontier Park, a popular family-friendly destination for football and baseball fields.
It is also less than 3.2 km (2 miles) from Kroger Marketplace. Kroger was the first grocery store to open in Prosper 2016, before most of the city’s new housing developments sprouted.
Wal-Mart opened in 2018 on Preston Road and US 380 with the development of the Cowboys owner Jerry Jones’ Gate of Prosper. The development will eventually have over a million square feet of shopping and restaurant space. The target is under construction with a 140,000-square-foot store that will open later this year.
HEB spokeswoman Mabry Jackson confirmed the purchase at Prosper, just north of Frisco in Collin County, but declined to comment on the company’s site plans.
The San Antonio-based grocery store said in March 2021 that it was ready to expand to Dallas Fort Worth and begin construction of the store. The first two local HEB stores will open in Frisco and Plano later this year. The other two under construction are scheduled to open in McKinney and Allen next summer.
The retailer has accumulated assets throughout D-FW since expanding here in the Dallas-based Central Market Store in 2001. It operates five central market stores, three of which are in Dallas. There is one each in Fort Worth, Plano and Southlake. It keeps buying land, I recently purchased it at Melissa.
The HEB store has been open for several years around the south and west of D-FW in Waxahachie, Ennis, Corsicana, Cleburne, Granbury, Burleson and Hudson Oaks.
Real estate editor Steve Brown contributed to this report.