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Franklin Street negotiates lease for new gym in Orange Park

Deal is part of a trend of health & fitness businesses taking over empty retail space in the Jacksonville area, says real estate firm

FSF-logoJamie Swanson of Franklin Street, a full-service commercial real estate firm, negotiated a 10-year lease for Training Ground Fitness, a new gym in Orange Park.  The 22,500 square foot space, located at 1564 Park Avenue, was formerly occupied by a Save-A-Lot grocery store.  The gym is scheduled to open later this year.  It will be owned and operated by a local businessman who brought World Gym franchises to the area within the last decade.

Swanson, a director out of Franklin Street’s Jacksonville office who specializes in big box and small shop retail leasing, said he sees a new trend of health and fitness businesses taking space in local retail centers. He is seeing the demand not only coming from larger traditional facilities, but from those offering specialty workouts.

Training Ground Fitness resized“We are seeing more and more interest from niche businesses such as personal training and CrossFit studios, mixed martial arts centers and even health food franchises,” said Swanson.  “I believe this is in response to consumers who are looking for new and exciting ways to stay in good physical shape.”

Swanson also noted that this trend is beneficial for shopping center owners and developers looking to fill vacant retail spaces with non-retail tenants.

Recently, national gym chain L.A. Fitness expanded to Jacksonville as well as a Pure Barre franchise, which focuses on isometric movements at the ballet barre set to motivating music. Title Boxing also opened its first Jacksonville location earlier this year.                                                                                       

 

About Franklin Street: Franklin Street is a family of real estate companies focused on delivering value-added solutions to meet the evolving needs of our clients. Through a collaborative philosophy of leveraging the resources, expertise, and experience of each of its divisions—Real Estate, Capital, Insurance and Management—Franklin Street offers unmatched value and optimal solutions for clients nationwide. For more information on Franklin Street, please see the company’s website at FranklinSt.com .


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