Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Mid-America Brokers 1031 Sale of LA Fitness in Westmont
Mid-America Real Estate Corporation’s investment sales group recently brokered the sale of an LA Fitness location in Westmont, IL at the high-traffic intersection of 63rd Street and Cass Avenue. The 47,000-square-foot, newly constructed gym provides a long-term and accretive investment with a newly signed 15-year lease term and rent escalations every five years.
Since 2013, LA Fitness has claimed the top spot as the largest non-franchised fitness club operator in the U.S. with more than 700 locations. The Westmont LA Fitness was sold to a 1031 exchange buyer.
Mid-America principal Joe Girardi and VP Matt McParland brokered the sale on behalf of Kensington Development and IM Properties Plc.
- ◦Sale/Acquisition

