1Up Fitness inks lease in Hollywood

This is the first North American location for the Berlin-based company

Jan.January 22, 2018 05:00 PM
962 North La Brea (Credit: Jay Luchs, Pixabay)

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.

Related Articles

The top sales of last week were all on the Westside

Here are the 5 priciest resi sales in LA County last week

Barings Head of Alternative Investments Anthony Sciacca, and DWS Head of Americas Bob Kendall (Credit: Google Maps)

DWS Group pays $100M for WeHo resi complex

Richard Bloom and a rendering of Lowell Farms Cannabis Cafe (Credit: Lowell Farms, iStock)

Cannabis lounges bloom in WeHo, and not everyone is happy

Jason Illouian and the property (Credit: Faring Capital and Google Maps)

Faring advances plan for 271K sf cancer center where it had eyed boutique hotel

The 2017 LA Pride march in West Hollywood and West Palm Springs (Credit: United Food and Commercial Workers)

The “gayborhood premium:” A look at home prices in LGBTQ-centric areas

Sterling Organization CEO Brian Kosoy and the two Melrose Avenue properties

Sterling Organization buys retail portfolio along booming Melrose Avenue

From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village