Rich Drengberg Of EoS Fitness Signs Retail Leases In The Colony And Arlington For 81,000 SF
5000 Main Street & 137 Merchants Row Drive
Building Size
162,000 SF
Asset Type
Retail
Closing
Mar 30, 2026
AI
The retail asset involved in this lease transaction is located at 5000 Main Street & 137 Merchants Row Drive, situated in The Colony and Arlington markets. The total leased space spans 81,000 square feet, with EōS Fitness occupying 51,000 square feet at Colony Marketplace and 30,000 square feet at Arlington Highlands. The landlords for this lease include Harkinson Dewan, AEW Capital Management, and Fairbourne Properties, reflecting a significant retail presence in these areas.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 81,000 SF
- Address: 5000 Main Street & 137 Merchants Row Drive
- Market: The Colony & Arlington
- Landlords: Harkinson Dewan, AEW Capital Management, Fairbourne Properties
- Tenant: Rich Drengberg - EoS Fitness
- Brokers: Segovia Partners & Shop Companies
Segovia Partners represented the tenant, Rich Drengberg of EōS Fitness, in this transaction. The landlords included Harkinson Dewan, who self-represented, alongside Shop Companies, which represented AEW Capital Management and Fairbourne Properties, ensuring a well-structured negotiation process throughout the lease agreement.
Players
The Colony Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93