X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LEWISVILLE, TX-The Woodmont Co. has secured tenants for 69,217 sf of the vacant Montgomery Ward store at Lakepointe Crossing Shopping Center in Lewisville.

Academy Sports and Outdoors is taking 61,417 sf of the building and Tire Dealers Warehouse, a discount retailer, has signed for the 7,800-sf former tire, battery and automotive center operated by Montgomery Ward. The Montgomery Ward bankruptcy has left a 97,215-sf hole in the 800,000-sf Lakepointe Crossing Shopping Center, situated at the southeast corner of Interstate 35 and FM 3040. It was one of 10 stores closed in the Dallas-Ft. Worth area as result of the Dec. 28, 2000 filing.

Assistant vice president Andrew Scroggie of the Ft. Worth-based Woodmont Co. handled the transactions. “The Montgomery Ward vacancy,” he says, “created an ideal opportunity for Academy Sports and Outdoors and Tire Dealers Warehouse to take advantage of great locations in the Vista Ridge Mall area.” In the past decade, Lewisville has proven to be one of the region’s most popular landing spots for residents and retailers.

Academy Sports launched in 1938 in San Antonio and continues under the founding family’s leadership. Current CEO David Gochman oversees more than 50 stores in seven states, making Academy Sports one of the nation’s largest sporting goods retailers. According to Woodmont, Academy Sports boasts one of the nation’s highest sales per sf of any sporting goods retailer.

Tenant Tire Dealers Warehouse, founded in 1975, also is family operated. The chain has 14 tire factory outlets in Texas and more than 100 employees.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.