Former Winn Dixie in Gainesville to become Crunch Fitness

GAINESVILLE, Fla. - Oct. 2, 2019 - PRLog -- Crunch Fitness will soon take over a vacant Winn Dixie located at 2002 SW 34th St. in Gainesville. The big-box gym purchased the 41,145-square-foot property for $3.6 million, and the new Crunch Fitness location will open later this year.

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.

Colliers International (TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, has delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. To learn more about how we accelerate success visit corporate.colliers.com, Twitter: @Colliers (https://twitter.com/Colliers) or LinkedIn (https://www.linkedin.com/company/colliers-international).