NAI Horizon negotiated a long-term lease for a Planet Fitness at Warner Greenfield Square, 858 S. Greenfield, Rd., in Gilbert, Ariz.
The NAI retail properties team of Senior Vice President Chris Gerow, Senior Vice President Shelby Tworek, Vice President Gabe Ortega, and Retail Specialist Patrick Anthon represented JEG-FIT Greenfield & Warner LLC of Philadelphia in the transaction totaling $3.3 million.
“Planet Fitness searched in the area extensively and this former Fresh & Easy sat vacant for an extended amount of time,” Tworek said. “The existing building was not the ideal size for the tenant’s use, but dealing with this particular landlord was a great experience as both tenant and landlord thought outside the box and collaborated to complete a complex transaction. The building will be expanded for the tenant’s use along with some additional modifications to the existing shopping center.”
This is the third long-term lease for a Planet Fitness in Metro Phoenix for the NAI Horizon retail team in the past six months. Other municipalities include Queen Creek and Maricopa.
The landlord in the Gilbert deal, Warner Greenfield LLC of Tualatin, Ore., was represented by Jason Fessigner of Strategic Retail Group.