NAI Horizon negotiates three Planet Fitness deals

Retail | 29 Aug | AZRE

NAI Horizon has negotiated long-term leases totaling $8.749 million for Planet Fitness locations in Tempe, Phoenix, and Peoria.

The NAI Retail Properties team of Senior Vice Presidents Shelby Tworek, Chris Gerow and Gabe Ortega and Associate Patrick Anthon represented the tenant, JEG-FIT, in the trio of transactions.

The team has negotiated additional long-term leases for other Planet Fitness locations this past year in Phoenix, Surprise, Queen Creek, Gilbert, and Maricopa.

“Planet Fitness has a great business model that caters to a broad range of demographics and with that model in place we were able to solidify a few transactions in areas of the Valley that are underserved,” Tworek said.

The three recent deals:

• At Greenway Park Plaza, 3202 E. Greenway, Rd., Phoenix, 22,888 square feet, $3.776 million;

• At Tempe Village Shopping Center, 1405 W. Southern Ave., Tempe, 22,664 SF, $2.941 million;

• At Fletcher Heights Marketplace, 20713 N. 83rd Ave., Peoria, 22,899 SF, $2.031 million.

Planet Fitness continues to actively look for additional sites in Metro Phoenix.

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