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Crunch Hagerstown Leases 30,973 SF Retail Space At Centre, Hagerstown

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LEASED

Maryland

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Retail30,973 SF
Leased 04/26/2024
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LEASED

Crunch Hagerstown Leases 30,973 SF Retail Space At Centre, Hagerstown

17850 Garland Groh Boulevard

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Retail30,973 SF
Leased 04/26/2024
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Summary

MARYLAND
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:30,973 SF
Transaction Type:Lease

The retail property at 17850 Garland Groh Boulevard in Hagerstown, MD, spanning 30,973 square feet, has been leased to Crunch Hagerstown, a fitness concept operating under the Crunch Fitness franchise. The lease agreement was facilitated at the Centre at Hagerstown, enhancing the regional shopping center's occupancy to 97 percent.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 17850 Garland Groh Boulevard
  • Market: Hagerstown, MD
  • Landlord: Kristina O’Keefe & Melissa Sweeney - Continental Realty Corporation
  • Tenant: Crunch Hagerstown
  • Brokers: Ryan Wilner, Matt Copeland & Michael L. Patz - KLNB Retail

The lease secured by Crunch Hagerstown marks a significant agreement that brings a new fitness offering to the regional shopping center, filling the previous Bed Bath and Beyond space. The deal highlights the proactive approach taken by both the landlord, Kristina O’Keefe & Melissa Sweeney of Continental Realty Corporation, and the tenant, Crunch Hagerstown, in aligning on mutually beneficial terms, contributing to the continued success and vibrancy of the Centre at Hagerstown.

Players

3 deals$1.9M volume
BROKER

Ryan Wilner
1 deal
BROKER

Details

LEASED
IMAGE: 04/26/2024 ADDRESS: 17850 Garland Groh Boulevard MARKET: Hagerstown, MD ASSET TYPE: Retail ~ SF: 30,973 LANDLORD: Kristina O’Keefe & Melissa Sweeney - Continental Realty Corporation TENANT: Crunch Hagerstown BROKERS: Ryan Wilner, Matt Copeland & Michael L. Patz - KLNB Retail NOTE: Crunch Hagerstown, a fitness concept under the Crunch Fitness franchise emphasizing inclusivity with its "No Judgments" philosophy, has secured a lease for 30,973 square feet at Centre at Hagerstown, filling the former Bed Bath and Beyond space and boosting the regional shopping center's occupancy to 97 percent.

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Deal Type
Effective Rent (Annual)

$1,775,353.67

Total Lease Value

$17,753,536.70

Net Landlord Cash Flow$1,775,353.67