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Investors Recognize H-E-B’s Winning Formula

H-E-B has previously announced plans to add six more stores in Houston this year and because the grocer typically owns its stores here, very few come up for sale: one exception was Tanglewood Court.

Tanglewood Court H-E-B is the main anchor of Tanglewood Court, which just sold to American Realty Advisors (credit: Mabry Campbell).

HOUSTON—H-E-B has been in the grocery and retail business for more than 110 years and now has more than 300 stores throughout Texas and Mexico. The grocer has previously announced plans to add six more stores in Houston this year and many already developed are of two-story urban designs, GlobeSt.com learns. Because H-E-B typically owns its stores here, very few come up for sale.

One exception was Tanglewood Court, a 125,500-square-foot fully leased H-E-B-anchored shopping center in the Galleria/Uptown submarket. American Realty Advisors purchased the asset for an undisclosed price. The seller was a partnership between Fidelis Realty Partners and BayNorth Capital LLC.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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