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| George Russell |
LOS ANGELES, CA, May
6, 2015 – Charles Dunn Company, one of the largest full-service regional real
estate firms in the western United States, has completed a 10-year,
21,257-square-foot retail lease valued at approximately $5.7 million with
Planet Fitness.
George Russell,
director with Charles Dunn Company, represented the property owner, Miracle
Mile Properties.
SRS Real Estate Partners represented Planet Fitness, a rapidly
growing fitness franchise with more than 900 locations across the country.
The space is located at 1000
E. Washington Blvd. just south of the 10 Freeway and the major cross street
of S. Central Ave. near Downtown Los Angeles.
It was previously occupied by
Casa Linda Furniture which is relocating. Planet Fitness is undergoing
significant renovations to the space and is anticipated to open in October
2015.
Other tenants at the property include Auto Zone, Boost Cellular and
Subway.
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| 1000 East Washington Boulevard, Downtown Los Angeles, CA |
“Planet Fitness chose this location as it is within a
densely populated area that has seen strong growth in retail amenity offerings
over the past several years,” said Russell.
“Superior Super Markets and Fresh
& Easy have opened stores nearby, and vacancy rates are decreasing.
"New
retailers seek to be a part of the synergy created with a variety of shopping,
dining and other service options for local residents and businesses.”
For a complete copy
of the company’s news release, please contact:
Darcie Giacchetto
949.278.6224
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