By George Avalos
PLEASANTON — People in and around Hacienda Business Park will have a chance to get more fit, now that 24 Hour Fitness has struck a deal to occupy a former newspaper building here.
A super sport club, the second-highest level operation offered by 24 Hour Fitness, is expected to be the type of outlet planned for the building, located at 4770 Willow Road in Pleasanton.
City officials embraced the advent of the new fitness center.
“It’s really exciting,” said Pamela Ott, Pleasanton’s economic development director. “It’s a great opportunity for our residents and employees who might use 24 Hour Fitness. There are a lot of amenities that go with that kind of operation.”
The fitness company was tight-lipped about the timing for the new center and the details of the lease agreement.
“A new club is coming and it will be at that location,” said Joe Streng, a spokesman for 24 Hour Fitness.
24 Hour Fitness leased the entire 56,000-square-foot building. The deal was arranged through Colliers International brokers Gabe Arechaederra and Brian Lagomarsino. The city’s planning commission has approved the project.
“This is going to be huge for the city of Pleasanton,” Arechaederra said. “This will be the high end for the 24 Hour Fitness product type.”
Potentially, that could include a basketball court, cardio equipment, circuit training, free weights, group cycling, group exercise, a small juice bar, kids’ club, pool, sauna, spa, steam room, and whirlpool, according to the 24 Hour Fitness online site.
The two-story building contained the operations of the Tri- Valley Herald newspaper for about two decades, including a newspaper printing plant, offices, and a warehouse.
“It’s an unusual building,” Arechaederra said. “We had three different users who were trying to lease the building.”
The building also has a new owner, according to Arechaederra. For a number of years, Hawaii-based Kaonoulu Ranch owned the property, located near the corner of Owens Drive.
Recently, a local property investor and developer, Robison Family Trust, bought the building. The purchase price was roughly $25 million, market observers estimated.
“It’s nice to know that this building will be reinvented and have a new life,” Ott said.
George Avalos covers jobs, economic development, commercial real estate, finance and oil companies. Reach him at 925-977-8477 or [email protected]
Originally published by George Avalos, staff writer.
(c) 2008 Oakland Tribune. Provided by ProQuest LLC. All rights Reserved.
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