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Terranova Signs Youfit Health Club In Gateway Town Center

MIAMI BEACH, FLORIDA –May 8th, 2014 –Terranova Corporation is pleased to announce it has signed Youfit Health Clubs at Gateway Town Center, a landmark Publix-anchored shopping center at 5000-7 Norwood Ave. in Jacksonville, Fla.

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Youfit has signed a 10-year lease for 17,678 square feet. The new facility is projected to open by August 2014, bringing Youfit’s first location in Jacksonville.

“This deal is a fabulous component of our fresh vision for Gateway Town Center,” said Terranova Executive Vice President Mindy McIlroy, who represented the landlord in the deal. “The space and location we could offer Youfit is ideal for their entry to the Jacksonville market, and the Youfit concept fits perfectly with Gateway’s re-energizing.”

Youfit, a national chain with 48 Florida locations, has gained popularity with its bright-colored facilities that offer no-contract memberships at $10 a month, a welcoming environment with easy-to-use machines, and a pre-designed 30-minute circuit training for members who want that structure.

More new tenants are in negotiations in Gateway, as Terranova continues a makeover that already includes new paint, newly striped and sealed parking and roofing upgrades. Further renovations will add modern lighting, landscape and pylons. Youfit will join the center’s existing national tenants, including Family Dollar, Hibbett Sports, Walgreens, Footlocker and Rainbow, along with recently added DTLR, a leading chain of brand name urban apparel stores, and Boost Mobile, a leading wireless service provider.

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Terranova Corporation, South Florida’s leading commercial real estate advisory firm, currently is involved with commercial real estate assets for its clients and its own portfolio valued at more than $1 billion. The company offers complete commercial real estate services, including asset and property management, leasing, tenant representation, acquisitions, dispositions, financing, construction management and development services.

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