JH Real Estate Partners has signed EōS Fitness to a big lease in Hawaiian Gardens, in a space that the now bankrupt chain 24 Hour Fitness once occupied.
The deal for 43,000 square feet included contingencies that were recently waived, according to the Los Angeles Business Journal. The property is located at 12090-12144 East Carson Street.
24 Hour Fitness closed its doors after the company filed for Chapter 11 protection last summer.
EōS Fitness is scheduled to open next month. Gyms were forced to close early on in the pandemic. The state cleared them to reopen at partial capacity in the fall, but they were quickly ordered to close again as Covid cases mounted across California. Some gym owners refused to close. One gym in San Jose racked up $1 million in fines from Santa Clara County after repeatedly refusing to comply with Covid rules.
JLL’s Shauna Mattis, who represented JH Real Estate in the deal, said the local retail sector was beginning to pick, according to the Business Journal. [LABJ] — Dennis Lynch