Sunday, July 18, 2010

Crossman & Co. Lands Planet Fitness at Orlando Fashion Square; negotiates 10-Year lease for 18,118 SF

ORLANDO, Fla. --- Crossman & Company, one of the largest third-party retail leasing and management firms in the Southeast which represents Orlando Fashion Square (top left photo) , recently negotiated a new 10-year lease for 18,118 square feet at the landmark shopping mall located on E. Colonial Drive near downtown Orlando.

John Crossman CCIM, president of Crossman & Company, said leasing agent Whitaker Leonhardt (middle right photo)  negotiated the transaction, on behalf of mall owner Pennsylvania Real Estate Investment Trust (PREIT), with Sunshine Fitness Centers, Inc. d/b/a Planet Fitness, the fast-growing franchise of health and fitness centers.

Crossman said the space Planet Fitness leased is the equivalent of five units at Orlando Fashion Square and renovations are now underway on the firm’s fifteenth Florida location, which is expected to open in mid-December.

Planet Fitness boasts more than 300 locations nationwide and has the second largest fitness club membership in the country.

“Planet Fitness is a huge draw and we are delighted they are opening a state-of-the-art facility at Orlando Fashion Square,” Crossman said. “We have been working on repositioning Orlando Fashion Square as a new kind of retail experience for the community and Planet Fitness plays well into our plans,” Crossman said.

David Hochstadt (middle left photo) with CFL Commercial at Prudential Florida represented Planet Fitness.

“We’re sure the partnership between Planet Fitness and Orlando Fashion Square will be a very welcomed addition to the community,” Crossman added.

For more information,  please contact:
John Crossman, CCIM, President, Crossman & Company, 407-581-6218,
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142,