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Philips International announces LA Fitness lease in Palm Springs.

Michael Pilevsky, managing director of Philips International, one of the country's leading developers of retail shopping centers, has announced that L.A. Fitness has signed a long-term lease for a brand new 52,780 square foot state-of-the-art health club facility at the Palm Springs Mile shopping center, located at 630 West 49th St. in Hialeah, Fla.

L.A. Fitness is a privately owned health club chain with more than 300 locations and 1.5 million members across 21 states and Canada.

Their fitness clubs offer a variety of exercise equipment and classes, swimmine pools, spas, personal training and basketball and racquetball courts. The irvine, Calif.-based company was founded in 1984.

Hialeah Mayor Julio Robaina stated, "Thanks to the excellent working relationship with Palm Springs Mile, we were able to attract L.A. Fitness, a business that will create hundreds of employment opportunities to Hialeah residents as well as bringing much needed amenities to our community."

Hialeah, the fifth largest city in Florida, has a tremendous density and Palm Springs Mile is located on the busiest street and shopping area in the city.

"The addition of L.A. Fitness underscores why the Miami-Dade community considers Palm Springs Mile as theft one-stop-shop. Everything they need is there," said Michael Pilevsky, managing director of Philips International.

Palm Springs Mile, the largest strip shopping center in Florida, is located approximately 10 miles from Miami, in the bustling Miami-Dade County of southern Florida. Located between Route 826 and State Route 821 in Hialeah, Palm Springs Mile is convenient to all the main roads in the area, as well as the Dotal Country Club, Carlos Albizu University and Costa Del Sol Golf Course, which ensure a steady flow of traffic into the center.

Due to its close proximity to one of Hialeah's major transportation highways, L.A. Fitness is positioned in a central location along the palm Springs Mile property along with other major retailers including TJ. Maxx, Ross Stores, Toys "R" Us, Kohl's Department Stores, Office Depot, Old Navy, Muvico Entertainment, Winn Dixie, and Starbucks.

The existing structure will be razed in order for the brand new state-of-the-art fitness club to be built.
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Comment:Philips International announces LA Fitness lease in Palm Springs.
Publication:Real Estate Weekly
Date:Sep 8, 2010
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