Transactions amount to 176,200 square feet
DALLAS, April 15, 2014—X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S., Canada and Europe, announced that partner Venture Commercial Real Estate, a Dallas-based commercial real estate firm, represented LA Fitness in deals to build two new facilities in both Austin and San Antonio. Venture Commercial Partner John Zikos made the announcement.
In Austin, LA Fitness signed a lease and is expected to begin construction immediately on a 40,000-square-foot facility located at 2020 West Anderson Lane and a 46,200-square-foot facility in the Lamar Oaks Shopping Center at 4001 S. Lamar Boulevard. The new Lamar Oaks LA Fitness will be joining Wheatsville Food Co-op. Alan Rust of Retail Solutions and Adam Zmiel of The Weitzman Group represented the landlords for the Anderson Lane and Lamar Boulevard locations, respectively.
In San Antonio, LA Fitness purchased a six-acre land tract and has begun construction on a 45,000-square-foot facility in the Bulverde Marketplace shopping center, located at the southwest corner of Loop 1604 and Bulverde Road. H-E-B will anchor the development with a large-format store. Adam Schiller of Fulcrum Property Group represented the landlord.
Also in San Antonio, LA Fitness signed a lease and is expected to begin construction immediately on a 45,000-square-foot facility located in the Vineyard Shopping Center on the northwest corner of Loop 1604 and Blanco Road, where LA Fitness will join Whole Foods Market, Target, and Golfsmith. Thomas Tyng of REATA Real Estate Services represented the landlord.
“As LA Fitness continues its aggressive Central Texas expansion, it is important that we continue to capitalize on our strong start in this market and provide quality, easily accessible locations for patrons in Austin and San Antonio,” said Zikos. “Having worked with the LA Fitness team in North Texas for 11 years now, we are pleased they have entrusted us with their real estate needs in Central Texas.”
To view and download the photograph of the LA Fitness below, please click on the image below.
About X Team
X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe. X Team partners average more than 20 years of industry experience, with expertise in major markets worldwide, specializing in tenant, property and developer/landlord representation, workout services, property dispositions and retail investments. X Team services include transaction negotiation, portfolio analysis, lease valuations, acquisitions, and asset assessment and valuation. For more information, please visit www.xteam.net.
About Venture Commercial
Venture Commercial is recognized as a leader in retail brokerage services throughout Texas for its dedication to each client’s success. The company’s full-service real estate platform includes landlord and tenant representation, property management, land sales, and income property sales. As the D-FW partner of X Team International, Venture is able to serve its clients on a national scale. For more information visit www.venturedfw.com.