The grand opening of the 5,277-sf shop in the 25507 Interstate 45 plaza is set for Saturday. The local partners have signed a five-year lease for the location.
"This is kind of like why retail follows Wal-Mart openings," says Zach Armstrong with J. Beard Real Estate Co. LP in the Woodlands, which represented American Dream Cycles. "Because it's next to a Harley-Davidson, which spent time and money in the marketplace and in strategically placing its dealership, it can capture those buyers who come into the Harley dealerships."
American Dream Cycles doesn't sell "hogs," but is more into upscale cycles such as Paramount, Desperado and Death Row brands. Armstrong tells GlobeSt.com that the demographics--older, more educated and professional people--were perfect for the shop owners. "People in the Woodlands are executives and professionals," he explains. "A motorcycle is a hobby. It helps them get out and away from the office and so on."
Though Armstrong could not disclose the lease rate, sources say the market rate for retail space is $25 per sf. The transaction pushes occupancy to 81% at Woodpark Plaza, originally developed as a Builders Square in 2000. The Dallas building owner was self-represented in the deal.
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