Orangetheory Fitness signs lease in new transit-oriented development
Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that Orangetheory Fitness, a leading group personal training fitness studio,had signeda lease for 3,678 square feet (sf)at Brookside Square, located at 50-70 Beharrell Street in West Concord, MA.
Brookside Square is West Concord’s newest transit-oriented development. Offering 36,000 square feet (sf) of commercial space and 74 luxury apartments, the property features outdoor courtyards with views of the Nashoba Brook and nearby walking trails. Located at the center of vibrant West Concord Village, the development is surrounded by independently owned shops, restaurants and bakeries. The site also directly abuts the MBTA West Concord Commuter Rail station, as well as the Bruce Freeman bike path.
Orangetheory Fitness will open its 11th Massachusetts studio location after leasing at Brookside Square.
Avison Young Principals Jack Kerrigan and Steve Cook, along with AssociateVirginia Kerrigan, who are all based in the firm’s Boston office, represented the landlord,a partnership between Oaktree Development, Patrick Cleary ofFX Investmentsand The Boynton Company, in the transaction.Avison Young Principal Jeff Arsenault, who is also based in Boston, represented Orangetheory Fitness.
“Orangetheory has been expanding and opening new studios across the greater Boston area,” comments Arsenault. “Brookside Square’s accessibility and new, modern construction offered the perfect location for the next group fitness studio.”
Orangetheory Fitness joins Tripleseat Software and Pure Barre in the building.
About Oaktree FX
Oaktree FX is a joint venture between Oaktree Development and Patrick Cleary of FX Investments. Oaktree was originally founded as Unihab, Inc. in 1969 as a design/build company specializing in factory-produced, urban, multi-family housing with a vision of maximizing quality and value by emphasizing good design. All the company's projects embody a sense of community not often found in residential development.. www.oakdev.com
FX Investments is a real estate company that employs a thorough understanding of regional market dynamics across the disciplines of multi-family, mixed-use, retail, and hospitality to develop the most appropriate use, or mix of uses, for its projects.
About Orangetheory Fitness
Orangetheory Fitness is the energizing group personal training, interval fitness concept that is sweeping the nation. Backed by the science of excess post-exercise oxygen consumption (EPOC), Orangetheory Fitness is a 60-minute workout broken into intervals of cardiovascular and strength training. Participants burn from 500 to 1000 calories per 60-minute training session (individual results vary), using a variety of equipment including treadmills, rowing machines, TRX suspension training™ and free weights.www.orangetheoryfitness.com
About Avison Young
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,400 real estate professionals in 78 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.
