PHILADELPHIA, PA – January 29, 2015 – Colliers International has arranged a long-term, 24,000-square-foot lease for the newest outpost of national gym brand DavidBartonGym at The Drexel Building, located at 1435 Walnut Street in Philadelphia’s Rittenhouse Square. The one-of-a-kind concept, which has taken the country’s top cities by storm, will open its first location in Pennsylvania in summer 2015.
DavidBartonGym has become a fixture in the fitness industry with each location featuring its own unique design, lighting, energizing music and motivational trainers. In addition to high-end equipment and studio spaces for personal training and intimate group classes, its new location at the base of The Drexel Building –– a five-story, historic bank building on the corner of 15th and Walnut Street in Center City that features high ceilings, intricate designs and oversized windows –– will include an indoor cycling studio by Cyc Fitness.
“DavidBartonGym sets itself apart from other health clubs with a distinctive ambiance that combines local culture, history and the energy of each neighborhood,” said Scott I. Edlitz, Senior Managing Director for the Retail Services Group at Colliers International’s New York office, who along with Senior Vice President Todd Sussman represented the tenant in the transaction. “Real estate is critical to the brand’s identity and The Drexel Building’s architecture and location at the center of Philadelphia’s retail, residential, and hospitality districts, is an ideal fit for its steady expansion.”
“We are thrilled to make our entry into a new city and help Philadelphia #LookBetterNaked,” added Howard Brodsky, Chief Executive Officer of DavidBartonGym. “Following the opening of our newest New York flagship location at the famed Limelight and our upcoming expansion into Boston, Philadelphia was a natural choice for our next gym. Our locations are inspired by the culture of the city and provide members with an energetic and encouraging escape that helps them achieve their fitness goals.”
Alan Domb, of Alan Domb Real Estate, represented the landlord in the transaction.
Scott Edlitz also represented DavidBartonGym in securing its New York City locations at The Limelight in Chelsea, recently named one of the best gyms in America, and The Archive in the West Village, joining their Astor Place and Uptown locations; and its first location in Massachusetts at The Boston Park Plaza. DavidBartonGym also maintains existing locations in Las Vegas, Los Angeles, Miami, Seattle, and Chicago. Edlitz is actively looking for new urban flagship opportunities for DavidBartonGym.