Center owner Eastern State Properties of Trenton was representedby Brent Barbehenn of the Mt. Laurel office of Metro Commercial,and Retro Fitness was represented in-house. Terms were notreleased; availabilities at the property totaling 12,500 sf inincrements of 1,500 to 8,000 sf are currently listed with an askingprice of $16 to $20 per sf.
"The center provides great accessibility and traffic," Barbehenntells GlobeSt.com. "Retro Fitness should also definitely benefitfrom the area's excellent demographics."
For the five-year-old, Manalapan, NJ-based Retro Fitness, thelatest signing is also part of a very ambitious expansion plan,according to Barbehenn. The company currently has 24 locations inoperation, another 62 under development, and has a goal of opening450 locations, mostly through franchisees, over the next threeyears.
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