Redevelopment of Former Sear’s Grand Parcel

12625 I-35 North, Austin, TX 78753
Location

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

Type

Redevelopment

Size

155,380 SF

Parking

932 Cars

Traffic

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

Major Tenants

AMC Theatres  46,234 SF

Availabilities

39,677 

27,873 

27,200 

6,705 

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 2021 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

Redevelopment of Former Sear’s Grand Parcel

Austin, TX

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Demographics 3-Mile 5-Mile 7-Mile
2024 Projection
Population 130,859 302,482 534,943
Households 56,803 129,778 225,934
Avg. HH Income $83,774 $83,685 $91,203
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