H-E-B sells land on San Antonio’s East Side with deed restrictions barring use for grocery. It have other grocers have commonly implemented such measures.
H-E-B has sold vacant land on San Antonio ’s East Side while placing deed restrictions on the property to prevent a supermarket from being built on it for more than a half-century, a common practice by the company. A limited partnership affiliated with H-E-B sold the 6.2-acre site last week to Retail Assets LLC, which in turn sold it to JB Rental Properties LLC. While it’s unclear what JB Rental Properties paid for the vacant land, deed records indicate the company borrowed $1.
How H-E-B and other big grocers use deed restrictions to keep competitors out — for decades The clause allows for a convenience store of 10,000 square feet or less with no more than 10% of its floor space dedicated to groceries and a gas station with a car wash. State corporate filings list Jawaid Bashir as director of JB Rental Properties, and Bashir also leads Brake Time Corner Market, a chain of convenience stores and gas stations.
Retail Assets LLC JB Rental Properties LLC JB Rental Properties Bexar Appraisal District Walmart Target How H-E-B Jawaid Bashir San Antonio East Side New Braunfels Ave. White Road New Braunfels Ave Bexar County Interstate 10 Roland Westfall South Walters Street Denver Heights H-E-B Brake Time Corner Market Retail Assets S.W.W.
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