Positioning Retail Real Estate for a New Generation

October 15, 2020

  • Posted on:  Tuesday, 20 October 2020 21:28
  • Written by 
Rate this item
(0 votes)

Levin Arranges Planet Fitness Lease at Mayfair Shopping Center

Health Club to Open 20,000-SF Facility at Commack, N.Y., Property

COMMACK, N.Y., Oct. 15, 2020 – Planet Fitness, one of the largest and fastest-growing global franchisors and operators of fitness centers in the United States, has leased 20,000 square feet at Mayfair Shopping Center in Commack. Levin Management Corporation (LMC) is exclusive leasing and managing agent for the 221,000-square-foot Long Island shopping center.

LMC Leasing Representative E.J. Moawad represented the property in negotiating the long-term transaction; Jack Chera of Crown Retail Services represented the tenant.

The new Mayfair Shopping Center facility will be corporate-owned and managed by Planet Fitness, a distinguishing quality as more than 95% of the brand’s locations are franchisee-owned. Planet Fitness’ mission is to provide a high-quality fitness experience in a non-intimidating environment, which it calls the “Judgement Free Zone.” Members enjoy a variety of benefits including brand-name cardio and strength equipment, fully equipped locker rooms, flat screen televisions and more.

“This commitment is a positive indicator that the fitness industry is moving forward despite a challenging environment,” Moawad said. “Pre-pandemic, sustained demand for affordable, well-located gyms made this one of the most active sectors in brick-and-mortar retail. Even in the face of current restrictions, leasing interest continues. Planet Fitness is a great complement to the mix of tenants at Mayfair Shopping Center. Its high-quality member experience and affordable price point promises to make it a welcomed new amenity for those who live and work in Commack and the surrounding area.”

Well located on the heavily traveled Jericho Turnpike, just west of the Sunken Meadow Parkway, Mayfair Shopping Center is anchored by a 60,000-square-foot Best Market supermarket. The center’s impressive lineup of national and regional tenants includes Rite Aid, Loft, Sherwin Williams, Northwell Go Health, Capital One Bank, Verizon Wireless, Prato 850, The Tutoring Center, Music & Arts, Outback Steakhouse, Tropical Smoothie and GameStop, among others. For more information and current promotions, visit www.shopmayfairshoppingcenter.com.

Mayfair Shopping Center serves a growing residential population of more than 200,000 people within a five-mile radius. The marketplace offers an average household income of more than $145,000. Remaining space availabilities at Mayfair Shopping Center range from 1,200 square feet to 12,000 square feet.

For nearly seven decades, North Plainfield, N.J.-based LMC has served as a trusted single-source commercial real estate services provider for institutional and private owners. The firm today maintains a diversified, retail-focused portfolio of 110 properties totaling almost 15.5 million square feet in the Northeast and Mid-Atlantic states, offering leasing, property management, financial management and reporting, construction management and development, lease administration, marketing services, and acquisition and disposition consulting services. LMC’s capabilities continue to evolve with new technologies, efficiencies and sustainability-focused initiatives to serve a new generation of properties, investors and tenants.

Read 1880 times Last modified on Tuesday, 20 October 2020 21:53