Avison Young completes four new leases for 24 Hour Fitness in Southern California

24-Hour Fitness, Orange County, CA

 

Keith Kropfl

Orange County, CA — Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has negotiated four new leases with 15-year terms on behalf of 24 Hour Fitness.

The four leases total 157,500 square feet (sf), with three locations in the Orange County cities of Santa Ana, Huntington Beach and Fullerton, and one in the City of Riverside within Riverside County.

Avison Young Principal Keith Kropfl and Associate Michael Ganz, based in the company’s Orange County office, represented 24 Hour Fitness in all four transactions.

“Avison Young worked closely with 24 Hour Fitness to identify strategic locations and negotiate long-term leases with favorable terms,” comments Kropfl.

 “The majority of these new locations for the tenant are within spaces that were vacated as previous tenants went dark. I believe this is testimony not only to the growth and success of 24 Hour Fitness, but also to the resiliency of the Southern California retail market.” 

Following is information on each lease:

 Santa Ana: The lease totals 40,000 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.

Michael Ganz

Huntington Beach: The leased space totals 33,500 sf and is located at 9051 Atlanta Avenue 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 46,000-sf leased space is located at 130 E. Imperial Highway 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 38,000 sf and is located off the 91 Freeway at 3490 Madison Street 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.

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

949.278.6224