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1Up Fitness inks lease in Hollywood
This is the first North American location for the Berlin-based company
A fitness club company with a sizeable footprint in Europe is opening a branch in Los Angeles, its first location in North America.
1 Up Fitness Group North America, a subsidiary of Berlin-based McFit Global Group, has leased the entire five-story building at 962 North La Brea on the outer edges of Hollywood, The Real Deal has learned.
Its parent company, McFit Global Group, has more than 1.4 million members across 260 fitness clubs in Europe, according to its website. It also has a mobile application for health-enthused clients.
Located at the intersection of La Brea Avenue and Romaine Street, the 56,250-square-foot vacant building includes three 12,500-square-foot floors, as well as two other floors spanning 6,250 square feet each. A rooftop patio, space for a 10,000-square-foot retail and 140 parking stalls can also be found onsite. The company has an existing office in Santa Monica.
BMB Investments, led by Ben Soleimani, has owned the property since 2005, when the firm paid $9.7 million to acquire it, according to Real Capital Analytics. The West Hollywood-based development firm is also behind a project at 8659 Melrose Avenue, as well as rug showroom Mansour at 8600 Melrose, and the 30,000-square-foot Restoration Hardware at 8564 Melrose. No one could be reached for comment.
Kazuko Y. Morgan and Carine Mamann of Cushman & Wakefield shared the listing with Newmark Knight Frank’s Jay Luchs.