SCOTTSDALE, AZ (October 24, 2017) – Jared Lively of Rein & Grossoehme represented Scottsdale-based developer SimonCRE on the $5,300,000 purchased of 45,559 SF Retail Property, consisting of three retail buildings, at the NWC of Gilbert Road and Southern Avenue in Mesa, Arizona. The property includes a 36,241-square-foot former gym, a 3,660-square-foot Banner Urgent Care, and a 5,658-square-foot multi-tenant building housing Judd’s Orthodontic and Fiiz Drinks.
SimonCRE is investing well over $1 million to renovating the 36,241-square-foot big box space for future tenant Aspire Fitness, Lively negotiated this 15 year Lease.
In addition to the Mesa location, Aspire Fitness is entering Phoenix with two other showcase stores – one at the NEC of Ray Road and Rural Road in Chandler, and another at SWC 67th Avenue and Peoria in Peoria.
The Denver-based company has locations in seven states and prides itself on being at the head of the curve while always pushing forward and adapting to the latest concepts in the ever-changing fitness industry. Aspire truly believes the industry is just scratching the surface of what it can and will become, and offers bar none the most advanced and diverse health clubs in the marketplace.
Etched throughout each facility, customers will find the words ” Aspire for Greatness “. “We understand that means something different for every customer,” says Nick Cohn, Aspire’s Director of Development. “That’s why we build a facility for literally everyone.”
Aspire offers basketball courts, pool, functional areas, and turf tracks for athletes, while also offering a cardio theater, vast machine circuits for novices, a women’s-only strength area, and an array of classes. Aspire wants to help everyone in the community fit in and hopes to help those with a busy schedule still attain their fitness goals, which is why their facilities are open 24/7 and offers childcare.
Aspire has a customer friendly membership with dues starting at just $10/month. It offers month-to-month options and partners with local businesses to offer large corporate wellness programs.
The redevelopment of the new Mesa location is scheduled to be completed by early 2018.
“This has been an amazing opportunity to work with Aspire Fitness on this project and we’ve been able to build a strong partnership with a great company,” says Joshua Simon, Founder and CEO of SimonCRE. “And I think this also shows that big box retail isn’t dead, despite all of the rumblings. There are users that see these vacancies as opportunities.”
The property is located at a busy retail intersection in Mesa and just across the street from Santa Fe Square, which includes Target, Joann Fabrics, Bealls Outlet, 99 Cents Only, and more.
Jared Lively of Rein & Grossoehme represented SimonCRE and Aspire Fitness, Phoenix Commercial Advisors represented the seller in the transaction. Contact Jared Lively 480-214-9411/ Jared@RGcre.com.
Specializing in commercial real estate for over 20 years, Rein & Grossoehme is consistently recognized as a market leader in Arizona and provides services in retail leasing and sales, office leasing and sales, industrial leasing and sales, land and pads, self storage properties, multi-family properties, single tenant triple net leased properties, and tenant representation.