PHOENIX-Within days of signing a 25,000-square-foot lease to open its fifth center at 16th Street & Bethany Home Road Shopping Center, Powerhouse Family Fitness Center has unveiled its expansion push throughout the state. When all is said and done, the family fitness company plans up to 20 centers throughout the metro area, in Tucson and in Flagstaff.

The company launched its Phoenix operations by buying out four World’s Gyms facilities in Mesa, Gilbert and Scottsdale. Family Fitness Center CEO Shane Franklin says he’s seeking acquisitions and leases for the state-wide 30-month roll-out. To that end, Jim Hood and Adam Hood, vice president and associate respectively for Colliers International’s Phoenix office have the exclusive duty of locating potential sites.

“It’s part of our development plan,” explains Franklin, who is based in Reno, NV. “In this market, landlords are willing to give better rents and provide better build-out monies because of the economy.” In return, he adds, he has to sign longer-term leases. “They want to be sure they’ll make some money when the market swings around,” he says.

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