CARROLLTON, TX-The Irvine, CA-based LA Fitness International LLC has inked a five-year lease for 19,189 sf of class A office space for a regional office. The deal went start to finish in less than two months for the rapidly expanding fitness operator.

Move-in is set for Dec. 15 to 3000 Kellway Dr. after an extensive search in Las Colinas and North Dallas, Tim O. Terrell, senior vice president with Dallas-based Stream Realty Partners LP, tells “They toured six to eight properties and settled on North Dallas,” he says.

The winning property is a four-year-old, single-story building owned by Today Realty Advisors of Dallas, with the homerun deal setting up a 75% occupancy and a tenant with a first right of refusal on the remaining 28,000 sf, according to Terrell. The quoted rate is $13 per sf, triple net.

LA Fitness is taking over space emptied nine months ago when the Iowa-based McLeod & Co.’s sublease tenant moved out. LA Fitness will be sharing a 106,000-sf building with Konica Minolta Business Solutions Inc. of Lexington, KY and Pennsylvania-based ICT Group Inc., an outsourcing call center company that uses the space to service a Virgin Mobile account.

LA Fitness’ fast-paced expansion in North Texas underwrote the push for its first regional office in the state. Terrell says the operator has 15 sites under construction or completed for its 40,000-sf to 50,000-sf format, which includes an Olympic-size swimming pool. Steve Shrum with Glacier Commercial Realty LP in Dallas was the tenant rep for the deal.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.