November 14, 2018
Fitness CF Signs 38,144 SF Lease with CRC at Glenbrook Commons Near Orlando, Florida
Fitness CF, a locally-owned exercise and fitness center, has signed a lease with Continental Realty Corporation (CRC) for 38,144 square feet of space within Glenbrook Commons, a 64,707 square foot retail center located at 1714 US Highway 27 in the Four Corners section of Lake County, Florida. The location, which represents the fifth for Fitness CF in the Central Florida region, is expected to open by spring 2019 in the shopping center owned and managed by CRC, a Baltimore-based real estate investment and management company. With the completion of this lease, the center is now 84% leased. Arleen Yogi with Luxury & Beach Realty represented Fitness CF in the transaction and Senior Leasing Manager, Blake Dickinson directed lease negotiations on behalf of CRC.
“Because Fitness CF is locally-owned and operated, we pay a great deal of attention to offering classes and training that meet the exercise and fitness requirements of our members, while also placing a premium on customer service,” explained owner Pleasant Lewis, who also operates a separately-branded facility in Alexandria, Virginia. “This includes regularly sending out member surveys which I personally review and respond to. Larger, national fitness concepts can’t replicate this service model and they also don’t want to. We constantly make slight refinements to our operations and offerings based on the feedback generated by our members.”
Each Fitness CF offers a full complement of exercise and fitness options including one-on-one or group training sessions, weight loss programs and an array of weight lifting and cardio equipment including rowing machines, treadmills, spinning bikes and ellipticals. The facility is outfitted with a hot yoga studio, dedicated spaces for small group functional training, and a Video Wall that will show popular movies on a large screen featuring six interconnected 55-inch flat panel television sets and sound controls that can be individually managed by the members. The Silver Sneakers program addresses the needs of older adults and daycare is also provided on-site. The center will employ approximately 40 full and part-time employees.
Glenbrook Commons is located at the signalized intersection of Glenbrook Boulevard and US Highway 27 and features a variety of fast-casual restaurants, service providers and retailers including AutoZone which is contained on a pad site. It is positioned less than two miles from US Route 192, which is considered the major east/west thoroughfare to the Walt Disney World theme parks, which are located ten miles to the east. Nearly 28,000 consumers reside within a five-mile radius of the center, including the Glenbrook Planned Unit Development which contains more than 500 apartment units and nearly 200 single-family homes. While remaining inline space availabilities range from 975 square feet to 4,500 square feet, CRC also is marketing adjacent, undeveloped land parcels ranging from 1 acre to approximately 3 acres.
“This suburb of Orlando is rapidly-expanding with diverse demographics and there exists no fitness or exercise concepts in the immediate area,” stated Pleasant Lewis. “Glenbrook Commons offered an available space that met our operational requirements and we intend to become an attraction and destination in the local community.”
“Upon acquiring Glenbrook Commons nearly two years ago, we inherited a dark anchor space due to the closure of Sweetbay, a regional grocery chain, which now will be completely occupied by Fitness CF,” stated David Donato, Senior Vice President for Continental Realty Corporation. “We are extremely impressed with Fitness CF’s ownership and professional operations and believe this new location fills a void in the Four Corners area. Fitness CF has built an excellent brand and a loyal following in the Central Florida region by developing top-notch facilities, providing personalized customer service, and demonstrating a true passion for the fitness industry.”
Continental Realty Corporation (CRC), headquartered in Baltimore and founded in 1960, is a full-service commercial real estate investment and management company. The privately-owned firm owns and manages a diversified portfolio of retail centers consisting of over 4 million square feet of space, as well as apartment communities featuring more than 10,000 apartment homes. Positioned throughout the Mid-Atlantic and Southeast regions, the value of the portfolio exceeds $2 billion.
December 13, 2018