February 22, 2017
The Destin Log – Destin Health and Fitness Acquired by Local Operator
Destin Health and Fitness, a 12,975 square foot club that has operated within Plantation Commons since 2008, has been sold to Rick Gudoian, a local operator who also owns and manages Froggy’s Fitness in Tavernier, as well as a fitness center in the Rhode Island area.
Plantation Commons, a 126,375 square foot neighborhood shopping center at 4495 Commons Drive West in Destin, is owned by Continental Realty Corporation, a Baltimore-based real estate development and management company. The center is anchored by The Fresh Market, Marshall’s and HomeGoods.
The new ownership group signed a long-term lease extension with Continental Realty Corporation.
Continental Realty Corporation, 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 more than 3 million square feet of space, as well as almost 10,000 apartment homes. Positioned throughout the Mid-Atlantic and Southeast regions, the value of the portfolio exceeds $1.5 billion. www.crcrealty.com
December 20, 2017