Skip to main content Skip to footer

Former Winn Dixie in Gainesville to become Crunch Fitness

Ron Schultz

Crunch Fitness purchased the 34th Street Winn Dixie location for $3.6 million

Former Winn Dixie in Gainesville to become Crunch Fitness

GAINESVILLE, Fla. (Sept. 24, 2019) – 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 (NASDAQ: CIGI) (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 or LinkedIn.

 

 


Related Experts

Ron Schultz

Executive Managing Director, Retail Investments

Tampa

Ron has been representing clients in both the acquisition and disposition of retail real estate investments for twenty years, successfully managing thousands of transactions with a deep understanding of the capital markets environment. Ron’s expertise includes strategically underwriting and delivering comprehensive investment valuations of existing single and multitenant retail investments, retail repositioning opportunities, and ground-up retail development. Ron's is well-respected for providing best of class real estate investment services. Ron's commitment to excellence has enabled him to successfully complete transactions totaling over $1 billion to date.

Ron Schultz specializes in providing superior retail investment advisory services. Ron has successfully managed thousands of retail shopping center, strip center, and single-tenant (NNN) investment-grade retail sales throughout the United States.

Ron has one of the most active databases of Buyers and a strong network of local, regional, national, and international investors that he uses to create the most competitive market environment for properties Ron represents. Ron has a distinctive ability to tap the best of class buyers and experience in vetting and selecting the right buyers who will close at highest price.

Ron understands what is important to his clients and owners of retail assets: best in class marketing, reaching the most active and competitive buyer pools, communication, completing transactions at the highest price, in the shortest amount of time … while anticipating, minimizing and removing any potential speedbumps along the way.

View expert