Olney, Maryland: Alan Luger and Earl Goodman, Principals of the Washington, D.C. office of Divaris Real Estate, Inc., announce the signing of a lease with Fitness First for 12,500 square feet of retail space in Olney Village Mart located on Village Mart Drive in Olney, Maryland. Fitness First joins Shoppers Food Warehouse, T.J.Maxx and Home Goods in the shopping center.
Olney, Maryland-based Fitness First has been in business for 12 years and currently operates 16 locations in Maryland, Virginia, Washington, D.C. and Florida. Fitness First is the largest Maryland-based chain of health clubs, serving approximately 20,000 members. Fitness First ranked third in the 2002 Washington Business Journal’s ranking of largest health clubs in the metropolitan D.C. area. Peter Harvey founded the club in 1991, when he took over a failing nautilus gym.
Each state-of-the-art facility averages between 12,000 and 16,000 square feet and includes free weights, cardiovascular equipment, the latest aerobics and spinning classes as well as day care services. The clubs are located in close proximity to one another, allowing members to utilize all clubs for the price of one. Fitness First offers low rates and free personal training.
Luger represented the tenant in the lease negotiations. DRE’s Alan Luger exclusively represents Fitness First in its search for new sites nationally. He has been instrumental in securing 12 locations for the club, totaling over 150,000 square feet. The landlord, Carl M. Freeman Associates, was represented by John Zeaser.
Divaris Real Estate, Inc. is headquartered in Virginia Beach, Virginia with offices in Norfolk, Chesapeake, Newport News, and Richmond, Virginia; Charlotte, North Carolina; Atlanta, Georgia; Rockville, Maryland; and Boca Raton and Tampa, Florida. It is an international real estate brokerage and property management company that currently manages and/or leases in excess of 21 million square feet of prime office, retail, and industrial space throughout the Mid-Atlantic and Southeastern states. Divaris Real Estate, Inc. is a member of Realty Resources, a national group of independent retail property brokers and managers covering 75 major markets throughout the United States. DRE is also the Virginia affiliate for The CORE Network, a national group of full-service commercial and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, as well as tenants and buyers in all aspects of leasing, development, and managing properties, acquisitions and land sales. Gerald S. Divaris is Chairman of the Board and Michael B. Divaris is President of Divaris Real Estate, Inc.