Neighborhood Gym- Body Smith signed a lease to occupy two floors totaling 12,000 square feet of space at 1630 14th Street NW in Washington DC. The building is ideally located between U Street and Logan Circle and construction is expected to be completed by the fourth quarter of 2012.
Body Smith owner Stuart Smith says, “You will find everything you need in a clean, friendly, non-threatening, environment. We will be offering all the amenities of a large club in an inviting, service-oriented, neighborhood gym.” Stuart goes on to say, “We are excited about expanding our current footprint. It will benefit our potential and existing clients alike.”
Robert Tack, CEO of Capital Retail Group partnered with Todd Sherbacow of McBride Real Estate in representing the tenant. Lee Engle and with Street Sense, handled lease negotiations for the landlord. Todd Sherbacow says, “The building is perfectly set up for a gym with concrete floors and open space”.
Even though the Logan Circle area has several gyms, most are high end with memberships costing at least $130 per month. Body Smith will offer memberships more moderately priced. Says Capital Retail Group’s Robert Tack, “There will always be demand for a neighborhood gym offering a strong value in the marketplace.” He goes on to say, “The Powell building is surrounded by an affluent professional population providing Body Smith with the density essential to their success.