May 25, 2018
DALLAS – Transwestern today announces Urban Air Adventure Park is breaking ground on a 31,000-square-foot facility at Summer Creek Station, a 26-acre retail development in south Fort Worth at the southeast corner of Sycamore School Road and Chisholm Trail Parkway/Highway 121. The indoor park will be an entertainment anchor for Summer Creek Station and serve as prototype for the company’s future expansion across the country. Transwestern Retail Managing Director Steve Williamson and Senior Vice Presidents Larry Jordan and Mason Bishop represented the developer, Wilson & Stonaker LLC, in the transaction.
“With the shift to experiential retail in the last two to three years, entertainment venues have become highly sought-after retail anchors because their product is resistant to e-commerce competitors like Amazon,” said Bishop. “Family-based activities like Urban Air Adventure Park attract shopper traffic and create residual value for the overall development.”
Colleyville, Texas-based Urban Air opened its first location in Southlake in 2011 and has since expanded to 131 locations nationwide. Urban Air South Fort Worth will include award-winning trampoline park attractions and an arcade, along with the newest Urban Air Adventure Hub® attractions:
Tubes Indoor Obstacle Course
Urban Warrior Course
Indoor Ropes Course
Indoor Climbing Walls
Pro Zone Performance Trampoline Pit
Sky Rider® Indoor Coaster
“Urban Air picked this location because of its regional draw, highway visibility and the flexibility offered by building and designing the facility from the ground up to create a model we can use to elevate our brand to the next level,” said Michael Browning Jr., Founder of Urban Air. “Urban Air is thrilled to continue to expand in Dallas-Fort Worth and bring next-level entertainment to guests in this area of dynamic new residential growth.”
Urban Air has been recognized nationally with several awards, including Voted No. 1 for Kids Birthday Parties from About.com and Best Gym in America by Shape Magazine. When Urban Air’s South Fort Worth venue opens in fourth quarter 2018, it will bring approximately 50 new jobs to the area. Catherine Gibbons and Brad Struck of esrp represented Urban Air in the transaction.
An existing Walmart Neighborhood Market anchors Summer Creek Station, with opportunities on several outparcel pad sites for additional anchor tenants, retail, and restaurants, such as quick-serve, Italian, Asian Fusion, Mexican, sports bar, burger and barbecue venues. The site is shovel-ready, with all utilities, cross-access drives, and detention recently completed by the developer, which will shorten the time necessary for users to open for business.
The Summer Creek Station trade area is seeing significant growth spurred by the completion of the Chisholm Trail Parkway, evidenced by Walton Homes purchasing 2,000 acres for 5,000 planned single-family homes. The 426-acre Pate tract, located to the northwest of Summer Creek and west of the Parkway, is underway to become a master-planned community. A Realty Capital entity is constructing The Dylan, an 800-unit multifamily community directly across Sycamore School road from Summer Creek. Tarleton State will break ground at the end of February on the first building in its new 80-acre Fort Worth campus to the south of Summer Creek, with an estimated 2,500 students expected for classes in 2019 and an ultimate enrollment of 5,000 students.
ABOUT URBAN AIR ADVENTURE PARK
Urban Air is the Nation’s #1 destination for family fun featuring a variety of attractions perfect for all ages. Urban Air Adventure Park is the perfect venue for kids’ birthday parties, church events, corporate gatherings or a day out for some family fun. For more information on the company and franchising opportunities please visit www.urbanairparks.com.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 211 offices in 36 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.