Velocity Retail Group recently finalized another big box transaction in a former Henry’s Market at the southwest corner of Bell Road and Reems Road in Surprise, Arizona.
Planet Fitness will occupy the 27,059 square foot space and be the 22nd store in the Arizona market for the chain. Darren Pitts, Executive Vice President and Brian Gast, Senior Vice President of Velocity Retail represented the Landlord, in the transaction. Shelby Tworek of NAI Horizon represented the tenant. The new location is slated to open in the first quarter of 2018.
“Planet Fitness is a great addition to this established shopping center and will bring vibrancy and activity in this former vacant big box,” said Pitts. “The Landlord sought out our firm as a solution for this space as we have a reputation for successfully leasing big boxes in our market. Brian Gast and our team provided a solution for both the Landlord and the Tenant in negotiating a transaction that benefited both sides of the table,” he added.