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enior Vice President & Director of Research at REOC San Antonio

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LA Fitness acquires 5-acre tract in West San Antonio for new center

Potranco Village Shopping Center

Potranco Village Shopping Center

As it continues to build its presence and goes up against names such as Planet Fitness and Gold’s Gym, LA Fitness is set to open its sixth San Antonio location on the city’s west side.

The fitness chain has acquired a 5-acre tract in the newest phase of Potranco Village at the northeast corner of Potranco Road and Loop 1604. The chain, which has 650 locations throughout the United States and Canada, was represented by Dallas-based Venture Commercial Real Estate. The seller, local retail developer Barshop & Oles Co., was represented by the firm’s own Wade McGinnis.

With the decline of new big-box retail development, gyms and fitness centers have taken over as some of the biggest commercial users.

While La Fitness’ new Potranco location will round out at 37,000 square feet — a far cry from an 180,000-square-foot Walmart Supercenter — that is still enough to serve as an anchor for a center that doesn’t include a large grocer or big-box user. The gym chain is set to lead the second phase of development at the westside retail center, with Academy Sports + Outdoors as the anchor for the first.

La Fitness’ newest club is slated to open in late 2015.

Click to read entire article: LA Fitness acquires 5-acre tract in West San Antonio for new center (San Antonio Business Journal, 07-21-15)

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