Nov 10, 2016

Braun Enterprises Buys Heights Property Near Proposed H-E-B


An affiliate of Braun Enterprises has purchased a property on North Shepherd at 24th Street across from the proposed Heights H-E-B store.

The building, which sits on 1.2 acres at 2401 N. Shepherd, will likely be another redevelopment project, according to Dan Braun, president of Braun Enterprises.

The sale, which represents the company's 20th property in the Heights-Washington Avenue area, closed in September.

Houston-based Braun Enterprises has revived more than 30 inner-Loop properties, renovating the buildings and bringing in trendy tenants such as Snooze restaurant on Montrose and Harold's in the Heights on 19th Street.

The company also recently purchased a building a 1900 W. 18th in the Heights for a redevelopment project.

The building is on a stretch of Shepherd, inside Loop 610 North, that's poised for new retail. Voters repealed a century old ban on alcohol sales in a dry area of the Heights this week, paving the way for H-E-B to proceed with plans for a store on the former Fiesta grocery store site.

"The addition of an H-E-B on that street would add to the redevelopment of Shepherd and allow the Heights to reflect on its outside edge what the quality that exists on the inside of the Heights," Scott McClelland, head of H-E-B in Houston, said in a recent Chronicle Looped In podcast.

Justin Miller and Derek Hargrove of Marcus & Millichap represented the seller, a local family partnership.  Miller, Hargrove and Davis Hansen secured the buyer.

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