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ROLLING MEADOWS, IL-The 90,000-sf Meadow Club, located in Gould Electronics, Inc.’s complex at 2950 Golf Rd. along the Northwest Tollway, has been sold for $2.5 million. The buyer is a private partnership, Meadows Realty LLC, which plans to reopen the shuttered fitness facility next month.

The Meadow Club was at the vanguard of the physical fitness trend when it opened in 1976, catering to an upper-level clientele. It has been closed, however, for two years.

“This property was attractive to the buyer because of the many renovation and conversion possibilities from a business center to a new family themed venue to include arts events,” says Albert M. Lindeman of Sperry Van Ness/AML Commercial Real Estate Advisors.

Future plans by Meadows Realty LLC include a yoga clinic, salon, social club and library. Other possibilities include a banquet hall, teen club, performing arts center, movie house, restaurant and holistic healing center.

Mark C. Smith and Jack Reardon of CB Richard Ellis represented Gould Electronics, Inc.

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