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Phoenix Retail

Investor Bags Health Club, Adjacent Site

Integrated Real Estate Services acquired a 45k LA Fitness and the lease-fee interest in an adjacent 14.5-acre site within Camelback Village Square shopping center in Phoenix. The investor paid $8.4M. The health club is at 710 W Camelback Rd, with the land parcel at Camelback and 7th Avenue. Marcus & Millichap's Jamie Mecress and Mark Ruble repped both the buyer and the seller in the deal, CoStar reports. The seller was Wells Fargo Bank, as trustee. [CoStar]

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