Lee & Associates Negotiates $9.16 Million Gold’s Gym-Gurnee Facility Sale in Illinois
GURNEE, Ill. – December 10, 2013 – (RealEstateRama) — Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has negotiated a $9.16 million sale involving a former Gold’s Gym facility.
Rick Scardino, director of Retail Brokerage of Lee’s Chicago office, represented Gold’s Gym owner Dick Glass who operated the 71,825-square-foot franchised facility located at 1655 Nations Dr. in Gurnee near Interstate-94, between Chicago and Milwaukee.
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The Gurnee Park District, a municipal governing agency, purchased the property with the plans to upgrade the space for their own community based fitness operation. Renovation plans included new cardio equipment, thorough cleaning and painting of the space, rebuilt saunas and steam rooms, upgrades to exercise studios and repurposing of retail space for expanded recreational programming. The District opened their doors as FitNation on November 6th, 2013 to overwhelming positive reviews from former Gold’s customers and area residents.
“FitNation is a wonderful compliment to one of the Illinois’ finest park districts,” said Scardino. “It offers an indoor swimming facility, an amenity the District was unable to offer to its residents until now and fulfills much needed additional space for recreational programming demands.”
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About Lee & Associates
Celebrating more than 34 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 49 locations across the nation including California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas, and Wisconsin that house more than 750 brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.
