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Life Time Fitness Working Out February Land Closing for Texas Inroad

AUSTIN-The nation's fastest-growing health fitness chain has targeted Austin as part of a multi-million-dollar expansion and its inroad to the Texas market. There's the usual workout equipment as well as waterslides, indoor climbing walls, caverns and free childcare.

By Connie Gore | Updated on February 08, 2001

AUSTIN-This month, Life Time Fitness Inc., based in Eden Prairie, MN, plans to close on a site for a big-box Austin fitness center that tentatively is ticketed to open in first quarter 2002. The Austin location will mark the fitness center operator’s inroad into Texas, Efonda Sproles, regional vice president in Chicago, tells GlobeSt.com. The site’s location is being kept under wraps pending final contract signing.

Sproles did say that pre-sale memberships will get under way in April. The freestanding facilities historically open 10 months after sites are procured, he says.

Life Time Fitness is in the midst of a nationwide expansion that had been boosted last year with a $45-million, third-round, private equity funding. The round, which closed midyear, had been led by New York City-based Patricof & Co. Ventures and participation from Norwest Equity Partners, a lead investor in the fitness firm’s first two funding rounds.

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