EDGE Fitness Expands into Michigan
- Oct 25, 2018
Metro Commercial Real Estate Inc. has brokered new leases for Connecticut-based EDGE Fitness Clubs. The company plans to re-purpose two former retail stores in Farmington Hills and Sterling Heights, Mich., from where it plans to operate by the fourth quarter of 2019. The deals are part of EDGE’s larger strategy to expand its footprint into the Midwest and the Pennsylvania metro area.
The Farmington Hills property encompasses 37,000 square feet and was previously occupied by a Kohl’s store. It is located at 30150 Grand River Ave., off State Road 5. Nearby are a Target and a Dunham Sports store. The other building, located in Sterling Heights, was formerly occupied by a Kroger grocery store and provides 36,676 square feet of space.
The other leases closed around the same time were in Christiana, Del., Media, Plymouth and Warrington, Penn. The leasing team included Senior Vice President Brandon Anapol and Vice President Scott Benson. The Edge currently has a total of 21 locations across Connecticut, Delaware, Pennsylvania and New Jersey.
The transactions are another example of Detroit’s recent transformation into a destination city. According to James Becker, principal & managing director with Avison Young, both the urban and suburban areas are experiencing an “investment buzz“ as a result of appealing tax incentives and its growing inventory of top-of-the-line office and multifamily properties.