RETAIL NEWS

UT Austin greenlights H-E-B’s on-campus pharmacy

BY David Salazar

H-E-B soon will be bringing a pharmacy to the campus of the University of Texas at Austin’s Dell Medical School. The University of Texas’ board of regents recently approved a lease for the San Antonio-based retailer to open a pharmacy on the first floor of the campus’ Health Transformation Building. However, company officials stressed that the location is not yet a done deal.

“H-E-B is interested in the partnership and actively pursuing the possibility of an H-E-B pharmacy at the UT medical school campus in Austin,” Leslie Sweet, H-E-B’s director of public affairs, told DSN in an email. “However, the deal is still under negotiation.”

If the deal goes through, H-E-B will have a 5-year lease with two 3-year renewal terms. The pharmacy will take up roughly 2,889 sq. ft. of space in the building, which is centered around patient care, bringing providers that span the full continuum of care together in a single location. The building’s website says, “Patients receive the full cycle of care in a single location rather than being sent to different providers throughout the city.”

H-E-B would pay roughly $2.5 million to the university for the space throughout the 5-year term and additional terms, according to the regents’ agenda for the July 11 meeting. It also would pay $144,450 to the school for a build-out of the leased space.

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