LA Fitness signs 50,000-SF lease in Cityville at Cityplace

Nov 30, 2011

Venture Commercial press release - November 30, 2011

Venture Commercial Real Estate announced today that it has represented L.A. Fitness® in the completion of a long-term lease for a 50,000-square-foot facility in the new Cityville at Cityplace mixed-use development, which is under construction at the northeast corner of North Haskell and U.S. Highway 75.

John Zikos and Jonathan Cooper of Venture Commercial represented LA Fitness, working with Walt Brown, Jr. of Diversified Partners, master broker for LA Fitness in the Southern U.S. Jack Gosnell of United Commercial Realty represented the landlord, Cityville Dallas Haskell Limited Partnership.

"Urban infill presents a challenge as we expand to open new clubs in densely populated areas such as Dallas’ Uptown neighborhood," said John Gabriel, Senior Vice President of Real Estate for LA Fitness. "With their market knowledge and big-box expertise, Venture Commercial has helped us secure 27 locations across D-FW."

Founded in 1984, LA Fitness is one of the fastest growing sports club chains in the United States and presently operates over 370 locations in 23 states and Canada. For more information visit www.lafitness.com.

About Venture Commercial Real Estate

Venture Commercial Real Estate, LLC is a leader in retail brokerage services, with more than 17 million square feet of retail properties throughout Texas and more than 100 tenant representation accounts. Co-founded in 2000 by Mike Geisler and Ken Reimer, the company’s services include landlord and tenant representation, land sales, and disposition. The recently launched Venturetainment group provides strategic market planning and site selection for firms in the hospitality and entertainment industry. Venture Commercial is the D-FW partner of X Team International, an international alliance of retail real estate advisors. For more information visit venturedfw.com.