After getting into the Memphis market with the purchase of Urban Active in 2012, LA Fitness is starting to flex its muscles.
The California-based fitness center chain is working with Phoenix-based real estate firm Barclay Group now to open two new facilities, one off Route 385 at Winchester Road in Memphis and another off Interstate 40 at U.S. 64 in Lakeland.
Ground work on a building for LA Fitness has already begun on vacant land north of Winchester Road and east of 385, next to the Toys “R” Us and Babies “R” Us store in the Centennial Commons shopping center.
That space is being developed in connection with a soon-to-be-built 22,000-square-foot building for Marshalls, which is moving east down Winchester from a nearby shopping center, as first reported here.
The development appears to be a partnership between Centennial owner Michael Lightman Sr. of Michael Lightman Realty Co. and Barclay Group, neither of which could be immediately reached for comment.
Together, the two parties paid affiliates of Malanie Smith Taylor of Memphis-based TaylorMade Horsemanship nearly $1.5 million for two parcels with more than 41.3 acres combined to the west and north of Centennial, according to public Shelby County Register of Deeds records.
All but $182,125 of that was paid by Barclay Holdings LXII LLC, records show.
The Barclay Group has also approached Lakeland about building a 41,000-square-foot LA Fitness on U.S. 64 east of I-40, a parcel the Register of Deeds shows as owned by an affiliate of multifamily real estate firm Makowsky Ringel Greenberg LLC.
Lakeland officials didn’t immediately return a call or emails seeking more information about the development.
LA Fitness first entered the Memphis market with its purchase of Urban Active in November 2012. The chain currently has three locations in the Nashville area.
Written by Ryan Poe in the Memphis Business Journal.