Special to the Journal
Combined Properties, Inc. (CPI) has signed a lease with City Fitness, Inc. for 48,000 square feet of space at 420 The Lynnway/Route 1A, in Lynn, Massachusetts.
Roberto Pereyra, President of City Fitness Inc., will open a brand new Work Out World at the recently leased property. Work Out World is a first class health club that prides itself in treating members as individuals with their own personal goals. This fitness center will join a list of approximately 20 existing Work Out World locations in the Northeast.
“We’re excited about opening Work Out World, where members will enjoy an energetic atmosphere, state-of-the-art equipment, highly motivating staff, and unbeatable service,” said Pereyra. “We plan to open in early 2011. We look forward to attracting members who will enjoy the energetic atmosphere of our community recreation and sports center.”
The space at 420 The Lynnway will offer Work Out World members ease of access, directly off Route 1A in Lynn, and plenty of parking. The size of the building was appealing to City Fitness Inc. as it will provide ample space for the first class fitness center.
CPI’s Vice President and Director of Leasing Greg Regazzini represented the landlord, Mass Electric Company. The tenant was represented by legal counsel.
Combined Properties, Inc. (CPI) is a full-service real estate development firm specializing in high-quality office, R&D, industrial, and retail properties in the Northeast. Since its founding, the company has purchased, developed, and managed over two million square feet of space. Most recently, the firm has launched an expansion into residential development. CPI is based in Malden, Massachusetts. For more information, please call CPI at 781-321-7800 or visit www.combinedproperties.com.