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10/13/16
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Fitness chain 24 Hour Fitness recently 15-year leases totaling 157.5k sf of space for four new SoCal locations. Three of the transactions took place in the OC cities of Santa Ana, Huntington Beach and Fullerton, while the fourth deal was in the city of Riverside, within Riverside County.
Keith Kropfl and Michael Ganz of Avison Young represented 24 Hour Fitness in all four transactions. They tell us that the majority of the new locations are within spaces that were vacated as previous tenants went dark.
Following is information on each lease:
• Santa Ana: The lease totals 40k sf and is located at 1350 W. Edinger within Plaza Edinger. The new 24 Hour Fitness location will open in the first quarter of 2017 and will be the anchor tenant at the property, which includes Smart & Final and Factory-4-U. The space was formerly an O’Reilly Auto Parts Super Store. Kropfl and Ganz also represented the landlord, Plaza Edinger LLC.
• Huntington Beach: The leased space totals 33.5k sf and is located at 9051 Atlanta Ave within Huntington South Center. The 24 Hour Fitness gym will open in the first quarter of 2017 and will occupy a space that was previously an Albertsons. Other tenants within the center include H&R Block, Juice It Up!, Subway, and Starbucks. The landlord, Huntington South Center LLC, was represented by CBRE.
• Fullerton: The 46k sf space is located at 130 E. Imperial Hwy in Fullerton. The new 24 Hour Fitness will open in the second quarter of 2017 and will be within a space formerly occupied by Office Depot. Other tenants at the center include Best Buy and Floor and Décor. The landlord, Fiesta Distribution, LLC, was represented by CBRE.
• Riverside: The leased space totals 38k sf and is located off the 91 Fwy at 3490 Madison St, within Madison Plaza. The center is currently under construction and 24 Hour Fitness is anticipated to open its doors once development is completed at year-end 2017. The ownership group, HFC/PRP Madison LLC, represented itself.
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