Kroger acquires land in Little Elm, Texas
Kroger has acquired land in Little Elm, Texas.
The news came from Davidson Bogel Real Estate, which announced its successful representation of Kroger in the acquisition of a 14-acre property from local investment firm Dollar-Flowers Realty Partners.
The 14-acre site, located at US 380 and FM 2931, in one of the fastest-growing communities in North Texas, allows for Kroger to enhance its retail presence and serve the expanding population of Little Elm and surrounding areas, the firm said.
Video: 6 minutes with Kroger Health’s Colleen Lindholz
Edward Bogel, Ryan Turner and David Davidson Jr. of Davidson Bogel represented Kroger in the transaction. Dollar-Flowers was represented internally by Stewart Flowers.
Kroger’s acquisition follows a recent announcement last year that Weber & Co. had purchased 22 acres of land at the same intersection for a 225,000 square foot, Target-anchored retail center called Bates Towne Crossing.
H-E-B owns the land directly west of the future Target but has not released timing for developing the land, the real estate firm said.
[Read more: Kroger Health to hold Nourishing Change conference in May]
The retail growth in Little Elm is a result of several years of strong population growth in the region. DR Horton’s Silverado was the top-selling community in Texas in 2022 and 6th fastest in the country, Davidson Bogel Real Estate noted.
