Redevelopment of Former Sears Grand Parcel

Location

Former Sears Grand is located in Travis County at 12625 I-35 North and Parmer Lane, in Austin, Texas 78753.

Type

Redevelopment

Size

170,061 SF

Parking

932 Cars

Traffic

Two way average daily traffic I-35: 137,430 VPD; Parmer Lane: 65,098 VPD

Availabilities

Description

• Former Sears Grand to be redeveloped into multi-tenant site with new AMC 10-screen, dine-in theatre
• Two multi-tenant pylon signs
• Discovery Austin, a live entertainment venue with a restaurant, music and bowling, to open adjacent to AMC Theatre
• Excellent site access from I-35 Frontage Road & Parmer Lane
• Direct access to adjacent Shops at Tech Ridge (Floor & Decor, Ross Dress for Less, Petsmart, Conn’s, Furniture Mall of Texas, Fitness Connection, Urban Air, Party City)
• Over 750,000 sf of additional retail at this intersection including: Walmart Supercenter, Lowe's, Kohl's, Home Depot, JC Penney
• Within 1 mile of Dell Parmer South Campus & General Motors Corporate Headquarters
• Apple to open office park in 2022 on 133-acre plot, adjacent to Parmer Lane, that will add 5,000 new employees
• 500 3M employees now working at Parmer Innovation Center, located in the Parmer business park approximately 1 mile from Shops at Tech Ridge
• 7700 Parmer Lane (95.5% occupied), a 129-acre high tech office campus, just 7 miles from Shops at Tech Ridge, to develop a new 214,000 sf building and parking structure. Tenants include: Google, Oracle, PayPal, Electronic Arts, Polycom, Deloitte and D&B
• Austin Waters at Tech Ridge, a 300 unit multifamily complex is located behind the center
• Austin Metro Area has a population of over 2 million people
• The population of Austin, TX is projected to increase 98.5% to over 4 million people by 2040, leading the nation in projected population growth according to American Business Journals

Agent Information

Bradley M. Schwartz
212.265.6600  x298 bschwartz@rdmanagement.com