{"id":1004046848,"date":"2012-09-19T06:47:57","date_gmt":"2012-09-19T14:47:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004046848"},"modified":"2022-12-04T20:19:38","modified_gmt":"2022-12-05T04:19:38","slug":"life-time-fitness-purchases-a-232-ksf-officedistribution-building-in-ny","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/life-time-fitness-purchases-a-232-ksf-officedistribution-building-in-ny\/","title":{"rendered":"Life Time Fitness Purchases a 232 KSF Office\/Distribution Building in NY"},"content":{"rendered":"<p><strong>By Keith Loria, Contributing Editor\u00a0<\/strong><\/p>\n<div id=\"attachment_100404\" style=\"width: 196px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/09\/Lundberghires.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-100404\" data-attachment-id=\"1004046852\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/life-time-fitness-purchases-a-232-ksf-officedistribution-building-in-ny\/lundberghires\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/09\/Lundberghires.jpg\" data-orig-size=\"1200,1284\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1184665457&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Lundberghires\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/09\/Lundberghires.jpg?w=957\" class=\" wp-image-1004046852 \" title=\"Lundberghires\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/09\/Lundberghires.jpg\" alt=\"\" width=\"186\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/09\/Lundberghires.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/09\/Lundberghires.jpg?resize=280,300 280w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/09\/Lundberghires.jpg?resize=768,822 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/09\/Lundberghires.jpg?resize=957,1024 957w\" sizes=\"auto, (max-width: 186px) 100vw, 186px\" \/><\/a><p id=\"caption-attachment-100404\" class=\"wp-caption-text\">Kenneth D. Lundberg, NAI Hanson\u2019s senior vice president<\/p><\/div>\n<p>NAI James E. Hanson, in conjunction with its partner NAI Friedland, represented Life Time Fitness in the purchase of a 232,000-square-foot office\/distribution building in Harrison, N.Y.<\/p>\n<p>\u201cLife Time is very particular in the sites it seeks.\u00a0[The company] prefers locations in corporate parks, with good access and in areas with very strong household income,\u201d Kenneth D. Lundberg, NAI Hanson\u2019s senior vice president, told <em>Commercial Property Executive<\/em>. \u201cAll of the\u00a0buildings on the site will be razed and a new structure constructed.\u201d<\/p>\n<p>Located at One Gannett Drive, the facility was formerly a Gannett printing press operation and Life Time Fitness plans to create a state-of-the-art fitness facility at the 24-acre site. Currently, the company operates 105 health clubs throughout North America.<\/p>\n<p>\u201cThe site is at the top of Gannett Drive, just off Westchester Avenue. It is surrounded primarily by the corporate office buildings and has quick access onto Routes 684 and 287,\u201d Lundberg said. \u201cIt is also located\u00a0in one of the most affluent areas of the country. The facility\u00a0will\u00a0be 200,000+ square feet, which will be one of the largest in the country and almost twice the standard prototype.\u201d<\/p>\n<p>Lundberg has worked on behalf of Life Time for the past five years, helping them to purchase four properties over that span.<\/p>\n<p>\u201cWorking on an account is about building a relationship,\u201d Lundberg said. \u201cIn these days where everyone\u2019s time is stretched thin, it is important for Life Time that I understand what they are looking for and am able to get my hands on all the information both to make a decision and, if acceptable, to be able to help package for internal committee approval.\u201d<\/p>\n<p>Over the course of the last two years, Lundberg added, Life Time Fitness looked at a number of buildings and sites in Westchester and the Harrison location was selected due to its location, size, access and the area demographics.<\/p>\n<p>\u201cJust like the site we\u00a0recently\u00a0purchased in Montvale, N.J., it is\u00a0adaptive re-use of a site which held an older functionally obsolete structure,\u201d Lundberg added. \u201cLife Time is a good, high-quality ratable that is family friendly and an asset\u00a0to the community. As such, both towns welcomed us with open arms.\u201d<\/p>\n<p>NAI Friedland Executive Directors Carl Silbergleit and Ellen Benedak joined Lundberg\u00a0 in representing LTF Real Estate Company \u2014 trading as Life Time Fitness \u2014 in the purchase. The seller, Gannett Satellite Information Network, Inc., was represented by the CBRE team of Vice Chairman Jeffrey R. Dunne, Senior Vice President William V. Cuddy Jr., Senior Vice President Steven P. Bardsley and Senior Associate Kevin Langtry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Life Time Fitness bought an office\/distribution building in Harrison, which it plans to raze, and build a state-of-the-art fitness center on the 24-acre site.<\/p>\n","protected":false},"author":451,"featured_media":1004046852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21783,11,21742,21747],"tags":[],"class_list":["post-1004046848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-investment","category-midatlantic","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Life Time Fitness Purchases a 232 KSF Office\/Distribution Building in NY - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/life-time-fitness-purchases-a-232-ksf-officedistribution-building-in-ny\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Life Time Fitness Purchases a 232 KSF Office\/Distribution Building in NY\" \/>\n<meta property=\"og:description\" content=\"Life Time Fitness bought an office\/distribution building in Harrison, which it plans to raze, and build a state-of-the-art fitness center on the 24-acre site.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/life-time-fitness-purchases-a-232-ksf-officedistribution-building-in-ny\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-09-19T14:47:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T04:19:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/09\/Lundberghires.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"1284\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/life-time-fitness-purchases-a-232-ksf-officedistribution-building-in-ny\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/life-time-fitness-purchases-a-232-ksf-officedistribution-building-in-ny\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"Life Time Fitness Purchases a 232 KSF Office\\\/Distribution Building in NY\",\"datePublished\":\"2012-09-19T14:47:57+00:00\",\"dateModified\":\"2022-12-05T04:19:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/life-time-fitness-purchases-a-232-ksf-officedistribution-building-in-ny\\\/\"},\"wordCount\":461,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/life-time-fitness-purchases-a-232-ksf-officedistribution-building-in-ny\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/09\\\/Lundberghires.jpg\",\"articleSection\":[\"Development\",\"Investment\",\"Mid-Atlantic\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/life-time-fitness-purchases-a-232-ksf-officedistribution-building-in-ny\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/life-time-fitness-purchases-a-232-ksf-officedistribution-building-in-ny\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/life-time-fitness-purchases-a-232-ksf-officedistribution-building-in-ny\\\/\",\"name\":\"Life Time Fitness Purchases a 232 KSF Office\\\/Distribution Building in NY - 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