CBRE Secures Major Lease for The Picklr: CBRE has announced a significant lease arrangement for The Picklr, a Utah-based indoor pickleball franchise. The Picklr will occupy a substantial 39,642 square feet at The Preserve at 620, a newly redeveloped site in Austin, Texas. This deal marks a noteworthy expansion for the franchise into a rising market.
Details of the Lease and Facility
The lease, signed in May, was brokered by CBRE’s Will Majors and Carson Hawley, who represented The Picklr, while ECR’s Sean Couey and Jason Steinberg worked on behalf of the landlord, Vegas Sun, LLC. The Preserve at 620, located at 8201 N. FM 620, was formerly a Walmart Super Center. It has been transformed into a 225,000-square-foot mixed-use space, featuring creative office spaces, courtyards, a fitness center with lockers, a putting green, a basketball court, and a dog park.
Expansion Plans and Franchise Details
The Picklr’s new Austin location will be one of 38 new clubs opening across the U.S. The franchise is also negotiating 52 additional leases for 2024 and 2025. Karen and David Hoisington, both Austin natives, are spearheading the new location and have plans for further expansion in the area.
Role of Drew Brees
In February 2024, former NFL quarterback Drew Brees was announced as the brand ambassador for The Picklr, joining as an investor and franchisee for 20 locations. Besides the upcoming Austin venue, The Picklr already operates four locations in the Dallas-Fort Worth Metroplex and has branches in 13 other states.
News in Brief: CBRE Secures Major Lease for The Picklr
CBRE has secured a lease for The Picklr, an indoor pickleball franchise, at The Preserve at 620 in Austin, Texas. Spanning 39,642 square feet, the venue is set to open in Fall 2024. The facility, a repurposed Walmart Super Center, features mixed-use space including offices, courtyards, a fitness center, and recreational amenities.
The Picklr’s Austin location is part of a broader expansion with 38 new clubs across the U.S. and 52 more in negotiation for 2024 and 2025. Franchisees Karen and David Hoisington plan further growth, supported by brand ambassador Drew Brees.
ALSO READ: Columbus Sliders and Utah Black Diamonds’ MLP Trade: Rumor Confirmed
