Houlihan Lawrence Commercial Division has negotiated a lease of more than 80,000 square feet of anchor space in the Stamford Town Center to Pickleball America for what will become one of the world’s largest indoor pickleball venues. Mia Schipani of Houlihan Lawrence represented Pickleball America in the transaction.
Pickleball America is moving into the former two-story Saks Off Fifth retail space at 140 Atlantic Street in the heart of downtown Stamford, Connecticut. Pickleball America plans to roll out 28 courts in two phases — Phase 1 will begin immediately with the first floor (43,000 square feet), with the second floor (37,000 square feet) opening in the coming months. In addition to pickleball, the venue will become a multi-use flex space for tournaments, exhibitions, live music and events.
“This is the best possible reuse of a large retail anchor space in a mall! Pickleball America is planning for over 500,000+ people to come through the venue each year,” said Schipani. “What is most exciting about this deal is that we are changing the purpose of malls, especially since most shopping takes place online, and we are making the Stamford Town Center a major destination.”
“We’ve been focused on health and wellness, and Pickleball America works perfectly with that strategy, especially in this large format as an anchor,” said Alexander Yaraghi, owner of Stamford Town Center.
