RD Management Signs Lease with Fitness Connection at Shops at Tech Ridge in Austin, Texas
February 28, 2017
RD Management, one of the nation’s largest privately held real estate development and management organizations, in collaboration with The Retail Connection, a prominent privately-held Texas retail real estate company, announced today the addition of Fitness Connection to Shops at Tech Ridge in Austin, Texas. Fitness Connection will occupy 55,000 square feet of the 504,154-square-foot center.
“Fitness Connection is one of the newest and fastest growing health club chains in the U.S., and we are eager to bring a facility that offers top-notch fitness classes, personal training, and nutritional services to the community,” said Richard Birdoff, principal and president of RD Management. “We are working diligently to bring in additional businesses of this caliber to Shops at Tech Ridge that will best serve Austin’s rapidly growing population.”
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 three 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.
“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.”
Fitness Connection will 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 leaving the project with an available 100,000 square feet for the balance of the former Target store. There has been a high level of interest for the balance of this space, and announcements should be expected in the near future.
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. The Retail Connection, the brokerage firm handling 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.