{"id":1004177656,"date":"2017-05-22T13:08:00","date_gmt":"2017-05-22T21:08:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004177656"},"modified":"2020-05-17T23:39:00","modified_gmt":"2020-05-18T07:39:00","slug":"national-fitness-partners-doubles-nc-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/national-fitness-partners-doubles-nc-footprint\/","title":{"rendered":"National Fitness Partners Doubles NC Footprint"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<p><object width=\"500\" height=\"750\"><param name=\"flashvars\" value=\"offsite=true&#038;lang=en-us&#038;page_show_url=%2Fphotos%2Fcpexecutive%2Fsets%2F72157681086272553%2Fshow%2F&#038;page_show_back_url=%2Fphotos%2Fcpexecutive%2Fsets%2F72157681086272553%2F&#038;set_id=72157681086272553&#038;jump_to=0\"><\/param><param name=\"movie\" value=\"https:\/\/www.flickr.com\/apps\/slideshow\/show.swf?v=3687798455\"><\/param><param name=\"allowFullScreen\" value=\"true\"><\/param><embed type=\"application\/x-shockwave-flash\" src=\"https:\/\/www.flickr.com\/apps\/slideshow\/show.swf?v=3687798455\" allowFullScreen=\"true\" flashvars=\"offsite=true&#038;lang=en-us&#038;page_show_url=%2Fphotos%2Fcpexecutive%2Fsets%2F72157681086272553%2Fshow%2F&#038;page_show_back_url=%2Fphotos%2Fcpexecutive%2Fsets%2F72157681086272553%2F&#038;set_id=72157681086272553&#038;jump_to=0\" width=\"500\" height=\"750\"><\/embed><\/object><\/p>\n<p>Argonne Capital Group\u2019s portfolio company National Fitness Partners acquired a dozen Planet Fitness clubs in the Charlotte, N.C., metro area from GNT Holdings LLC. King &amp; Spalding, McGuireWoods LLP, Gray Plant Mooty and Asenti Diligence Partners advised the seller, while Bishop, Dulaney, Joyner &amp; Abner advised the buyer in this transaction.<\/p>\n<p>National Fitness Partners will now operate 23 gyms in Pennsylvania, Delaware, North Carolina and South Carolina. NFP\u2019s headquarters will remain in Harrisburg, Pa., but the firm intends to maintain an office in Charlotte, N.C., to support the newly acquired clubs.<\/p>\n<p><em>\u201cWith these newly acquired clubs and the continued financial support of Argonne, we look forward to further expanding the Planet Fitness brand in the Carolinas and beyond,\u201d <\/em>said National Fitness Partners President Frank Kindler, in prepared remarks.  <\/p>\n<p>Founded in 1992 in Dover, N.H., Planet Fitness is one of the largest franchisors and operators of <a href=\"https:\/\/www.commercialsearch.com\/news\/surge-trampoline-park-inks-alabama-lease\/\">fitness centers<\/a> in the U.S. by number of members and locations. As of March 2017, Planet Fitness had more than 10 million members and 1,300 stores in 48 states, the District of Columbia, Puerto Rico, Canada and the Dominican Republic.<\/p>\n<p><em>Images courtesy of Planet Fitness website <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GNT Holdings sold 12 Planet Fitness clubs operating in Charlotte to National Fitness Partners, which is backed by Argonne Capital Group. <\/p>\n","protected":false},"author":238,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21743,21783,21752,21742,32781],"tags":[35678,35680,34597,35679],"class_list":["post-1004177656","post","type-post","status-publish","format-standard","hentry","category-charlotte","category-deals","category-investment","category-mixed-use","category-latest","category-southeast","tag-argonne-capital-group","tag-king-spalding","tag-mcguire-woods-llp","tag-planet-fitness"],"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>National Fitness Partners Doubles NC Footprint - 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\/national-fitness-partners-doubles-nc-footprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"National Fitness Partners Doubles NC Footprint\" \/>\n<meta property=\"og:description\" content=\"GNT Holdings sold 12 Planet Fitness clubs operating in Charlotte to National Fitness Partners, which is backed by Argonne Capital Group.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/national-fitness-partners-doubles-nc-footprint\/\" \/>\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=\"2017-05-22T21:08:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T07:39:00+00:00\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\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\\\/national-fitness-partners-doubles-nc-footprint\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/national-fitness-partners-doubles-nc-footprint\\\/\"},\"author\":{\"name\":\"Laura Valean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/2f8b737fce677cc406c08a2c29c1ff38\"},\"headline\":\"National Fitness Partners Doubles NC Footprint\",\"datePublished\":\"2017-05-22T21:08:00+00:00\",\"dateModified\":\"2020-05-18T07:39:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/national-fitness-partners-doubles-nc-footprint\\\/\"},\"wordCount\":210,\"keywords\":[\"Argonne Capital Group\",\"King &amp; 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