PHOENIX, ARIZONA (December 12, 2018) – NAI Horizon negotiated a long-term lease for Planet Fitness at 8921 N. 7th St., in North Phoenix.
In the past year, NAI Horizon has negotiated long-term leases totaling more than $23 million for Planet Fitness locations across the Valley.
The NAI Horizon retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega, and Associate Patrick Anthon represented the tenant, United PF TOM LLC of Austin, Texas, in the Phoenix transaction totaling $2.16 million.
“This was an opportunity in a trade zone that has been overlooked by many other concepts,” Tworek said. “With the remodeling of this shopping center, this will be an exceptional location in a great neighborhood for Planet Fitness.”
The Phoenix Planet Fitness will occupy a vacant building totaling 19,764 square feet that previously housed a Goodwill store.
The landlord, 7th Street & Townley LLC, of Phoenix was represented by Jason Hersker of Capital Asset Management.