Venture Commercial negotiates deals for LA Fitness locations in Oak Cliff and Coppell
Sep 25, 2018
Venture Commercial Real Estate announced today it has completed two transactions for LA Fitness locations in Oak Cliff and Coppell. The 34,000 square foot lease for the LA Fitness in Oak Cliff will be an additional anchor in Wynnewood Village, a 65-acre mixed-use development located at the northwest corner of Illinois Ave. and Zang Blvd., four miles south of downtown Dallas. Venture also brokered the land sale for an LA Fitness build-to-suit at the northwest corner of State Highway 121 and Denton Tap Road in Coppell.
John Zikos and Jonathan Cooper with Venture Commercial represented LA Fitness in the lease negotiations for the Oak Cliff location. Venture’s Ben Hines and Mike Wilson represented the landlord, Brixmor Property Group.
For the Coppell location, Zikos and Cooper with Venture represented LA Fitness. Amy Pjetrovic with Venture represented the seller, Legacy Gateway Ltd. John Kalamaras of RealSource Partners worked with Venture on both transactions.
“Wynnewood Village is currently undergoing a $30 million renovation and is centrally located in a dense suburban market south of downtown Dallas,” said Zikos. “LA Fitness is an excellent anchor for this development and will help drive traffic to the area when it opens in 2019.”
Zikos and Cooper have represented LA Fitness in the Dallas-Fort Worth, Austin and San Antonio markets for 15 years, handling more than 57 lease and sale transactions on their behalf.
“Health clubs continue to be a great traffic generator for shopping centers,” said Cooper. “The Coppell location is a 37,000 square foot prototype on five acres in a growing retail node and is expected to open by the end of the year.”
LA Fitness is the largest corporately operated sports club chain in North America and continues to open new clubs across the U.S. and Canada. Founded in Southern California in 1984, LA Fitness continues to seek innovative ways to enhance the physical and emotional wellbeing of its increasingly diverse membership base. Today, the state-of-the-art clubs spans the continent with more than 800 locations, and the company is still expanding.
Venture Commercial Real Estate is a leader in retail brokerage services throughout the Southwest and is dedicated to each client’s success. The company’s full-service real estate platform includes landlord and tenant representation, property management, land sales, disposition, investment sales and development services. Venture also provides strategic market planning and site selection for restaurant and entertainment clients through its Venturetainment team. Venture is the D-FW partner of X Team International, a network of retail real estate advisors with expertise across the U.S., Canada and Europe. For more information, visit VentureDFW.com.