April 11, 2019— SRS Real Estate Partners has announced completion of a 28,600-square-foot lease with Planet Fitness at Carson Town Center, a 134,980-square-foot retail center located at 504 Carson Town Center in the city of Carson.
SRS Real Estate Partners’ Executive Vice President and Managing Principal Garrett Colburn and Vice President Townsand Cropsey represented Planet Fitness in the 120-month lease. According to Colburn, Planet Fitness now has 1,700 clubs nationwide and is growing, with more club locations than LA Fitness and 24 Hour Fitness combined.
The site was ideal for Planet Fitness due to its location off the 110 freeway with good traffic counts and ample parking. Additional major tenants located at Carson Town Center include Floor & Décor, John’s Incredible Pizza, Starbucks, Wells Fargo and Waba Grill.
“Planet Fitness has realized a strong niche in the fitness category – a low cost offering for people who never had a gym membership. That is why they continue to find new opportunities in the market and remain a lucrative tenant, especially for spaces that are left vacant in this current retail cycle,” said Colburn. SRS has worked extensively with Planet Fitness since 2011, helping to transact 85 new locations for the fitness leader throughout Southern California.