ALLEN, Texas – Keying in on the city's demographics, National Trampoline Entertainment Dallas I LLC has leased the 20,280-sf balance of Cornerstone Crossing to introduce Arizona-based trampoline park Cosmic Jump to Texans.
Two months of fast-paced talks secured the win for Susan Singer, senior vice president and managing partner of Dallas-based Bradford Commercial Real Estate Services
, who represented the landlord of 1300 N. Central Expressway, Cornerstone Crossing TIC Investors. Steve Koldyke, senior associate of CB Richard Ellis, represented the tenant.
Cosmic Jump signed a five-year lease, jump-starting immediate work on the Cornerstone Crossing space, which traditionally has been used for sports- or fitness-related businesses. The new tenant's goal is to open in December.
"Allen's demographics are ideal for National Trampoline's business and the Cornerstone Crossing building has excellent visibility from Central Expressway," Singer says.
The 70,200-sf Cornerstone Crossing sits within clear sight of the freeway, tucked in the middle of several million square feet of retail space between the Exchange Parkway and Stacey Road exits. And, statistics show the 85,000-plus population base is made up of spenders, with 47% of annual gross sales emanating from retail trade, according to the Allen Economic Development Corp. Allen's enviable statistics also include a 2.8% annual growth rate, one of the highest in the region, and a $109,240 per year average household income in 2010.
National Trampoline Entertainment is well-known for its flagship trampoline location in Chandler, AIRWORX, which features 27,000 sf of continuous trampoline area with a special play area for younger children. The family-oriented line-up of activities includes a football agility camp, group events, birthday parties and fund raisers. Cosmic Jump is a wholly owned subsidiary of Jumpz LLC and National Trampoline Entertainment Centers.
December 7, 2011