Former Winn Dixie in Gainesville to become Crunch Fitness
Crunch Fitness purchased the 34th Street Winn Dixie location for $3.6 million
By: Colliers International
Ron Schultz of Colliers International Tampa Bay represented the seller, BRNK Gainesville, LLC, doing business as Balboa Retail Partners. Kyle Cowan at NAI Wheelhouse represented the buyer, Fitness Ventures, LLC.
"This property was highly sought after by grocers, fitness concepts and self-storage providers because of its close proximity to the University of Florida and Butler Town Center," said Schultz, Managing Director at Colliers International Tampa Bay. "The bidding process was very competitive."
The 34th Street Winn-Dixie location was one of 94 underperforming stores that has closed over the last several years as parent company Southeastern Grocers restructured its debt and filed for bankruptcy protection.
This location is the latest to be turned into a big-box gym. Several other former Winn-Dixie locations in Florida, including two in Tampa and one in Ocala, have been redeveloped by concepts such as Gold's Gym, Planet Fitness and EōS Fitness.
"Shuttered grocery stores are a perfect fit for gym concepts because they offer a large, uninterrupted space with ample parking," said Schultz. "These concepts often have huge barriers to entry because this type of space is difficult to come by."
This will be the first Crunch Fitness location in Gainesville.
About Colliers International Group Inc.
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