Bedford, NH Summit Realty Partners has completed several lease transactions on behalf of its client, Orange Theory Fitness. As one of the fastest growing fitness franchise concepts in the U.S., Orange Theory Fitness provides specialized group personal training sessions using heart-rate monitored, high-intensity workout interval training based on science.
The first transaction was on behalf of Cosmia LLC, a franchisee of OTF, which leased 2,800 s/f at Goffe Mill Plaza on South River Rd. Orange Theory Fitness will join the shopping centers diverse mix of tenants including Whole Foods Market, FedEx Office and The Provident Bank. The new location will give Orange Theory Fitness a prominent position in one of New Hampshire’s most desirable and active retail corridors.
Summit Realty has also represented Orange Theory Fitness in several other transactions throughout Northern New England including leases in Salem, N.H.; Portsmouth, N.H.; Nashua, N.H.; and Portland, ME.
Chris McMahon of Summit Realty represented the tenant in these transactions and continues to seek additional space for the expansion of Orange Theory Fitness in northern New England.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.