GBT acquires land for new Sprouts Farmers Market location

Dallas -- GBT Realty Corp. announced it has acquired 2.3 acres of the 12-acre retail site at Eldorado and Teel Parkways in Frisco, Texas on Feb. 16 from CMTEX, Inc. for $1.1 million. Sprouts Farmers Market will build its second store in Frisco, Texas on the site. To date, GBT has developed four locations in two states for the healthy grocer that offers fresh, natural and organic foods at great prices.



“Frisco is a ripe market for the fresh, quality and specialty goods that Sprouts is now known for,” states Jeff Pape, managing director, shopping center division of GBT. “We’re happy to provide this amenity to the Dallas/Frisco area as we continue to grow our presence in Texas, this being our third shopping center development in addition to the dozens of single tenant triple net properties we’ve delivered throughout the state.”



The construction of Sprouts Farmers Market is in conjunction with a 63,900-sq.-ft. retail center planned by CMTEX, Inc. Sprouts construction is slated to start this month with store opening planned for early 2017.