Nationwide fitness company 24 Hour Fitness USA Inc. recently signed a long-term lease for approximately $11.6 million to build out and occupy space in a San Diego County shopping center.
The 35,000-square-foot parcel, located in the Sycamore Terrace Shopping Center in Vista, Calif., is owned by Western Skies Blue River Associates.
24 Hour Fitness, which signed a 180-month lease, intends to build a brand-new facility in the space, which was almost 100 percent leased at the time of the transaction by tenants that include Walgreens, Panda Express, Verizon, Submarina and Pacific Dental.
According to a press statement, construction at the site will begin in November and is “scheduled to open in early 2008.”
