News: Front Section

Robbins of Colliers leases 25,188 s/f to PickUp USA Fitness in Manchester

Manchester, NH Andrew Robbins of Colliers has handled the signing of PickUp USA Fitness for a long-term lease at 100 William Loeb Dr. The 25,188 s/f space within the 166,000 s/f multi-tenanted former Union Leader building marks PickUp USA Fitness’s debut in New Hampshire and its second location in New England. Located off I-93 at Exit 6, the property offers accessibility and amenities.

PickUp USA Fitness chose this location due to its clear span space with over 20 ft. of clear height, parking, and highway access, which perfectly suited their needs. The facility will accommodate a full NBA regulation-size basketball court, additional half-courts, event space, locker rooms, and a 10,000 s/f weight training area adjacent to the courts.

“Partnering with Andrew, Alex, and Colliers was a truly outstanding experience. They were able to expertly guide us through the complexities of securing a 20,000+ s/f space for our business in a tight market, managing every step of the process with care and precision. Their dedication and expertise made the entire deal seamless and worry-free. We’re thrilled with our new location at 100 William Loeb Dr. in Manchester and would highly recommend Andrew for any commercial real estate needs,” said Bryon Hebert, franchisee
PickUp USA Fitness.

PickUp USA Fitness introduces a pioneering concept to New Hampshire as a basketball-focused fitness club, offering members 10-minute pickup basketball games officiated by two referees, in addition to access to weights, cardio machines, and potentially youth development leagues and training camps.

“This requirement presented numerous challenges, navigating the tight industrial market and the specific need for high ceilings without columns, while also being accessible with sufficient parking for a fitness club” said Robbins. “Given the limited availabilities, we are very happy to have helped PickUp USA Fitness secure a location in New Hampshire.”

MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.