Middle Island, NY Roger Delisle Jr. of Island Associates brokered a 15-year lease agreement with Gold’s Gym for a portion of the shopping center located at 1245 Middle Country Rd. The landlord expanded the western building of the shopping center by over 2,500 s/f plus a mezzanine to accommodate the new 18,000 s/f Golds Gym fitness facility. The entire shopping center is over 148,000 s/f on 15 acres.
Gold’s Gym joins King Kullen Supermarket, Dollar Tree, All Island Pet’s, McDonald’s Restaurant, and others. Gold’s Gym is based in Dallas Texas and has 700 fitness centers worldwide. Gold’s Gym entered a lease agreement in 2017 and the approval and construction process took over 10 months. The tenant opened for business in March.
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.