2-17-2017: TRC Leases 2 Big Box Spaces at Shops at Tech Ridge
The Retail Connection Leases Formerly Vacant Target to Floor & Décor and Fitness Connection at Shops at Tech Ridge in Austin, Texas.
The Retail Connection, a prominent privately-held Texas retail real estate company has successfully leased two large format spaces at The Shops at Tech Ridge, a 504,153 SF shopping center, in Austin, Texas. In collaboration with RD Management, the owner and on-site property manager, Lance Morris and PJ Kaminer of The Retail Connection in Austin, signed two new tenants: Floor & Décor has leased 77,958 SF, and Fitness Connection has leased 55,000 SF.
Shops at Tech Ridge is located in Travis County at 12901 I-35 South and Parmer Lane. The center can be accessed from I-35 Frontage Road and Center Ridge Drive, and has two multi-tenant pylon signs making it highly visible to drivers. The property is also situated in close proximity to Dell Parmer South Campus, a General Motors corporate office, and surrounded by an additional 750,000 square feet of complementary retail.
Floor & Décor and Fitness Connection join other anchor tenants Ross Stores, PetSmart, Bealls, Toys “R” Us, and Conn’s HomePlus. Current plans for the center include a façade renovation—by Levy Architects—of the former Target space for future tenants, and two new pad site users which will be announced soon. Floor & Décor will be located in a portion of the former Target store. This leaves the project with an available 100,000 SF for the balance of the former Target store. There has been a high level of interest for the balance of this space and announcements are expected soon.
“We have very much enjoyed this collaborative project with RD Management,” said Lance Morris, president of The Retail Connection in Austin. “Shops at Tech Ridge represents a unique chance to bring our two companies’ expertise together to curate a diverse tenant mix of home décor, apparel, fitness and other key retailer categories in an established open shopping center in North Austin.”
The Retail Connection, which handles the leasing for Shops at Tech Ridge, provides brokerage, advisory, investment and management services through its four statewide offices, and represents more than 275 retail and restaurant clients and over 25 million square feet of retail projects. Shops at Tech Ridge is one of two properties owned by RD Management in Texas, and one of more than 200 properties in its national portfolio. RD Management specializes in redevelopment, repositioning, and re-tenanting of shopping centers that have lost their anchor.