Gym Chain Inks 8.5K-SF Brickell Lease
The 8,501-square-foot lease marks the gym chain’s third location to open in the U.S., with the brand planning an explosive expansion that targets another 10 to 15 new gym locations in key markets across Florida.
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The 8,501-square-foot lease marks the gym chain’s third location to open in the U.S., with the brand planning an explosive expansion that targets another 10 to 15 new gym locations in key markets across Florida.
The site includes a 25,000-square-foot, 10-door maintenance shop as well as a 3,000-square-foot standalone office building.
The transaction included two completed warehouse buildings and 2 proposed industrial buildings.
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Scott Sandelin, an investment specialist in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a partnership between MMG Equity Partners, Mouhalis Capital Management, and GW Properties. Sandelin also procured the buyer.
The foreclosure auction is set for July 2.
The groundbreaking venue, blending the worlds of automotive elegance and gourmet dining, is set to open its doors between late 2024 and early 2025.
He will be responsible for the firm’s Miami, Fort Lauderdale, Boca Raton, and West Palm Beach markets and oversee more than 450 professionals across the South Florida region.
Devin White with CBRE Industrial & Logistics will be leading marketing efforts.
The initial phase of the project includes the construction of a 200,000-square-foot building, with plans for two additional buildings to follow. This phase can accommodate tenants seeking spaces as small as 50,000 square feet.
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