HomeGoods, Sierra and Petco are the latest brands to confirm tenancies at the Yellowstone Gateway shopping center in Billings, Montana.

The 2021 redevelopment of the 67,000 sq. ft former Big Bear Sports Center building on a 5-acre site at 2618 King Avenue West, was undertaken by Wood Investments Companies—an integrated commercial real estate investment company specializing in retail, and is part of a larger shopping center. The building is bordered by national retailers including Costco, Home Depot, Walmart, Lowe’s, Best Buy, At Home, Michaels, Old Navy, Ross Dress For Less, Office Depot, AT&T, Pizza Hut, Applebee’s Neighborhood Grill + Bar and Chick-fil-A.

TJX Companies brands HomeGoods and Sierra have taken 42,217 square feet and are already trading, with Petco (a health and wellness company with 1,500 locations across the United States) scheduled to operate from a 5,000 sq. ft leased space later this month.

In addition to space occupied by the anchor tenants, between 2,571 and 8,000 sq. ft of retail and/or endcap restaurant space is available for lease, with Michael Walker and Katelyn Panella of NAI Business Properties in Billings handing the leasing.  

Situated on the main retail arterial corridor in Billings – King Avenue West, which is a route for approximately 25,000 cars daily and at the busiest intersection in the entire state of Montana, the developments offers strong visibility as well as proximity to Residence Inn by Marriot and the Hilton Garden Inn.

Billings is nicknamed the “Magic City” because of the rapid growth from its founding as a railroad town in March 1882, and has expanded by more than 5 per cent since 2010. It is the largest city in Montana and is ranked 244th largest city in the United States, with a population estimated at 118,288 as of 2023.

We are looking forward to seeing our retailers mature and grow in the trade area and be good partners within the community.

“Billings was a market with a high demand for new retail with multiple tenants missing. Both HomeGoods and Sierra had big crowds at their opening, and we expect the same from Petco,” says Patrick Wood, CEO and president of Wood Investments Companies. “We are looking forward to seeing our retailers mature and grow in the trade area and be good partners within the community.”

Headquartered in Newport Beach, California, Wood Investments Companies is seeking further development opportunities at prime retail locations in the Western United States that are suitable for creating new grocery-anchored neighborhood shopping centers.