X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S. and Canada, announced today that partner, Venture Commercial Real Estate, a commercial real estate brokerage firm, represented LA Fitness to complete a land acquisition in Round Rock, Texas, to build on their central Texas expansion. Venture Commercial Partner John Zikos made the announcement.
The 37,000-square-foot fitness center will be located at the crossroads of E. Palm Valley Boulevard and N. A.W. Grimes Boulevard on a 4.7-acre land tract purchased by LA Fitness. H-E-B Plus anchors the development with an expanded store format. LA Fitness is slated to open summer 2017.
“This is an exciting milestone for LA Fitness’ development as it continues its aggressive Central Texas expansion,” said Zikos. “It was important for us to capitalize on the rapid growth Round Rock is experiencing, and we were able to find a highly trafficked location on the east side to better serve the on-the-go community.”
Zikos, along with Venture’s Jonathan Cooper and Cheryl Hill, represented LA Fitness in the transaction, working with Walt Brown, Jr. and Tim Dolander of Diversified Partners. Brett Baker with HEB Grocery Company represented the seller.
Founded in 1984, LA Fitness is one of the fastest growing sports club chains in the U.S. and presently has more than 800 locations in the U.S. and Canada. For more information, visit www.lafitness.com.
About X Team
X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe. X Team partners average more than 20 years of industry experience, with expertise in major markets worldwide, specializing in tenant, property and developer/landlord representation, workout services, property dispositions and retail investments. X Team services include transaction negotiation, portfolio analysis, lease valuations, acquisitions, and asset assessment and valuation. For more information, please visit www.xteam.net.
About Venture Commercial
Venture Commercial is recognized as a leader in retail brokerage services throughout Texas for its dedication to each client’s success. The company’s full-service real estate platform includes landlord and tenant representation, property management, land sales, disposition and investment sales. As the D-FW partner of X Team International, Venture is able to serve its clients on a national scale. For more information visit www.venturedfw.com.