(Philadelphia, PA) – Metro Commercial Real Estate, Inc. (Metro), one of the nation’s leading full-service, independent retail real-estate firms, is pleased to announce Life Time Fitness will open its first three Pennsylvania locations in the Philadelphia suburbs of Ardmore, Fort Washington and King of Prussia in 2017. Metro is the leasing agent for Life Time Fitness as they look to grow their presence in Pennsylvania.
The leasing team includes Steve Niggeman and Rob Cooper, who represented Life Time Fitness in the purchases of Fort Washington and King of Prussia as well as the lease of Ardmore in Suburban Square.
“We are thrilled to partner with Life Time Fitness as they continue their expansion into the PA market,” said Tom Londres, President and CEO at Metro Commercial. “Metro’s team possesses the regional expertise to successfully execute these deals.”
Life Time Fitness’ future Ardmore location, owned by Kimco Realty, is located in Suburban Square on Montgomery Avenue in the heart of downtown Ardmore. Slated to open in fall 2017, the 79,000 SF location includes a portion of the former Macy’s department store. The Fort Washington location, which was purchased by Life Time Fitness, is 105,000 SF across two stories and includes an outdoor swimming pool. This location is opening in spring 2017. The company’s third PA location, purchased by Life Time Fitness is in the thriving King of Prussia region. Opening in summer 2017, members can except a 136,000 SF facility spread over three stories with an outdoor pool.
“The new Life Time Fitness locations were strategically chosen in regions of the Philadelphia suburbs that are currently experiencing growth due to thriving economic development,” said Rob Cooper, Senior Vice President of Brokerage Services at Metro Commercial. “This coupled with ample parking in high density locations and accessibility via major highways is a recipe for success.”
Life Time Fitness is a privately held, comprehensive healthy living, healthy aging and healthy entertainment Lifestyle Company that offers a personalized and scientific approach to long-term health and wellness.
About Metro Commercial
For nearly three decades, Metro Commercial has set the standard as one of the leading, full-service independent retail real-estate firms in the nation. Metro Commercial specializes in tenant and landlord representation, investment sales, property management and development services. We currently represent over 100 national retailers, serve as the exclusive leasing agent for more than 300 properties and manage over 6.5 millions square feet of retail space. Fueled by local expertise and national capabilities, our team delivers the results our clients expect. For more information, visit www.metrocommercial.com
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