In a transaction arranged by CBRE, Planet Fitness, Inc. has subleased 16,514 sq. ft. of retail space at 2445 Springfield Avenue. Planet Fitness plans to open another state-of-the-art facility in early spring 2019.
CBRE’s Steven Winters and Michael Horne, along with Duke Sullivan of Corporate Property Dispositions, LLC represented the ground lessor in the sublease negotiations and Raymond Villafana of Franchise Realty, represented Planet Fitness.
“Located along Springfield Avenue, this prime retail space offered Planet Fitness a highly visible location in the heart of Union Township on the border of Short Hills, next to a successful anchor that generates tremendous daily traffic,” said Steven Winters, Vice President, CBRE.”
Founded in 1992 in Dover, New Hampshire, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. Planet Fitness has approximately 12.2 million members and 1,646 stores in 50 states, the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama and Mexico. The company's mission is to enhance people's lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment. More than 95 percent of Planet Fitness stores are owned and operated by independent businessmen and women.
CBRE’s Steven Winters and Michael Horne, along with Duke Sullivan of Corporate Property Dispositions, LLC represented the ground lessor in the sublease negotiations and Raymond Villafana of Franchise Realty, represented Planet Fitness.
“Located along Springfield Avenue, this prime retail space offered Planet Fitness a highly visible location in the heart of Union Township on the border of Short Hills, next to a successful anchor that generates tremendous daily traffic,” said Steven Winters, Vice President, CBRE.”
Founded in 1992 in Dover, New Hampshire, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. Planet Fitness has approximately 12.2 million members and 1,646 stores in 50 states, the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama and Mexico. The company's mission is to enhance people's lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment. More than 95 percent of Planet Fitness stores are owned and operated by independent businessmen and women.
About Corporate Property Dispositions, LLC
Corporate Property Dispositions is a Commercial Real Estate Company with offices in Atlanta, Tampa and the Greater Los Angeles area. As experts in real estate dispositions, retail, as well as all aspects of commercial real estate; CPD understands the complexity of the business and can apply the expertise they have gained with over 200+ years of combined experience. Please visit our website at https://cpdispo.com.
Corporate Property Dispositions is a Commercial Real Estate Company with offices in Atlanta, Tampa and the Greater Los Angeles area. As experts in real estate dispositions, retail, as well as all aspects of commercial real estate; CPD understands the complexity of the business and can apply the expertise they have gained with over 200+ years of combined experience. Please visit our website at https://cpdispo.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
