Search
 

Gold's Gym Moves Into City Place Mall

SILVER SPRING, MD-Gold's Gym takes on 27,000-sf in the City Place Mall and will open the franchise by early fall of this year. JGB Rosenfeld Retail represented the tenant in the 10-year lease.

By Barbra Murray | Updated on February 26, 2002

SILVER SPRING, MD-Continuing its Mid-Atlantic expansion program, Gold’s Gym will open a franchise in 27,000 sf of space in Montgomery County’s City Place Mall. JBG Rosenfeld Retail represented the tenant in the deal, making this the seventh location JBGR has helped Gold’s obtain in the Washington Metro region. The new gym is expected to open to clients in the summer or early fall of this year.

“They’ve already taken possession,” JBGR’s Grant Ehat tells GlobeSt.com. “It’s a done deal.” The lease is for a 10-year term, but the parties involved are not releasing the financial details of the agreement. However, rents in the 11-year old City Place Mall range from $12 per-sf to more than $40, depending on the use of the space and the type of space being leased.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.