MGA, developer and owner of the neighboring Harmswood OfficeCenter and co-developer with Joseph Freed & Associates of anearby Hampton Inn & Suites and an Extended Stay America,acquired the property from Portland Cement, which continues tooccupy the western half of the parcel. Life Time Fitness Inc. is aprivately held sports, health and fitness provider based in EdenPrairie, MN. It will own and operate the two-story, 108,000-sffacility.


The 24/7 fitness center will feature an extensive weight andcardio-machine area, swimming pools, whirlpools, basketball andvolleyball courts, a rock-climbing wall, a children's area and aconference center. Other amenities include free childcare,educational seminars, travel clubs and no-contract membershipoptions.


Harmswood Office Center, completed in 1990, is a five-story,Class A commercial office building situated on a four-acre woodedsite five minutes from Old Orchard Shopping Center, a regional malland a quarter mile from the Edens Expressway exit. Amenitiesinclude workout and food service facilities, a two-story atrium andample employee parking.


Life Time Fitness plans to own and operate 22 family fitnesscenters in Illinois, Indiana, Michigan, Minnesota, Ohio andVirginia by the end of 2001. It is opening seven Chicago-arealocations this year. Suburban locations already open or to be openin the include Algonquin, Bloomingdale, Orland Park, Schaumburg andWarrenville.

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