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HEB decides against Rosedale store

02/24/2013 11:07 PM

02/25/2013 8:19 AM

San Antonio-based H.E. Butt Grocery won't be bringing a supermarket to southeast Fort Worth after all.

Despite receiving approval to rezone property on Rosedale Street, the operator of the H-E-B and Central Market stores says it has changed its mind and will not go through with the project.

"After extensive site review and due diligence, H-E-B has learned that the site at Rosedale and Miller does not meet the company's facility needs," said spokeswoman Heather Senter. "Therefore, they will not be purchasing the property."

Buzz about a possible 55,000-square-foot store at 4211 E. Rosedale St. grew after H-E-B received approval from the Zoning Commission for a zoning change last month to allow for neighborhood commercial uses and a mini-warehouse.

But after the City Council gave its approval earlier this month, the grocer started to dampen hopes for a store, saying it was too early in the process to make a commitment.

The grocery chain was under contract to buy the land from Panther Llc. in Fort Worth.

"H-E-B will continue to evaluate and periodically acquire property for future locations, including other H-E-B formats," Senter said.

"Central Market will continue to be the primary format and growth vehicle for the Dallas-Fort Worth Metroplex."

Financial partnership

Jim and Gordon Rhodes of Rhodes Securities said it has partnered with Frie Financial Group.

Frie will close its office on Westpark Way in Euless and join Rhodes Securities in the Fort Worth Club Building downtown.

Larry and Jean Frie founded Frie Financial in 1997.

It provides an array of financial planning services, including investments and insurance.

"We will be continuing our practice as we always have," said Jean Frie. "Rhodes Securities has been our broker dealer for the past 14 years, so this is not a change for our clients, just a new location, and additional expertise and technology for everyone's benefit."

Rhodes Securities provides broker/dealer services and financial opportunities to professional independent registered representatives, advisers and planners. Rhodes Securities has been registered with the Securities and Exchange Commission since 1987 and is currently registered to transact securities business nationwide.

School land deal

The Oakridge School has again added to its real estate holdings on Pioneer Parkway in Arlington.

The private school recently bought the former Big Daddy's warehouse and offices, which sit on about 1.5 acres across from its school building at 5900 W. Pioneer Parkway. The property has been vacant for several months, and Centennial Liquors has had the property listed for quite some time.

Centennial is operating under bankruptcy protection.

"It was a good buy," said the school's president, Andy Broadus.

The property abuts the former Paradise Liquor location, 5915 W. Pioneer Parkway, that the school bought in 2009. The school renovated it for athletic uses.

Broadus said the school will also redevelop the Big Daddy's building, but those plans haven't been determined.

In 2009, the school bought land to the west of its campus from the city of Arlington.

And in 2006, it bought 47.5 acres across Pioneer Parkway from its campus to expand its athletic facilities.

The Oakridge School is pre-kindergarten through 12th grade. It was founded in 1979.

Sandra Baker, 817-390-7727

sabaker@star-telegram.com

Jim Fuquay, 817-390-7552

jfuquay@star-telegram.com

Barry Shlachter, 817-390-7718

barry@star-telegram.com

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