RICHMOND, Va. (Sept. 20, 2010) – Markel|Eagle Partners LLC and Eagle Commercial Realty LLC today announced Atlantic Coast Athletic Clubs (ACAC) as the tenant of a new 57,000 square-foot build-to-suit building at West Broad Village in Glen Allen, Va.
“ACAC’s state-of-the-art facility and comprehensive approach to fitness will add another vibrant use to the community’s already unique mix of tenants,” said Stan Manoogian, president of Markel|Eagle Partners LLC. “This architecturally striking building is another major addition to West Broad Village. Together with ACAC’s emphasis on wellness, this adds a great deal more to our unique live, work and play offering at West Broad Village.”
The new 57,000 square-foot club will span three stories. In addition to state-of-the-art fitness amenities and group class studios, the facility will include an indoor aquatics center; mind/body/yoga area; rooftop pool; and squash, racquetball and platform tennis courts.
Construction of the new Short Pump location will begin in late 2010 and it is scheduled to open in early 2011. Renderings of the facility are available upon request.
“What really sets ACAC apart from other gyms is our focus on creating a welcoming environment where everyone, regardless of age or fitness level, feels comfortable working out,” said Greg Wells, ACAC’s CEO.
“We are very excited about the opportunity to expand our presence in the Richmond market,” said Phil Wendel, ACAC club owner.
Recently recognized as one of the best fitness centers in Richmond and first-place winner for personal training and Pilates by Richmond Magazine, the West Broad Village club will be ACAC’s second location in the Richmond area.
The 115-acre, $300 million West Broad Village project managed by Markel|Eagle Partners is an urban living space located in Glen Allen, Va., and includes brownstone and townhouses, apartments, office and retail tenants including Whole Foods Market, Recreational Equipment Inc. (REI), Home Goods, the Children’s Museum of Richmond (Short Pump) and the Aloft Richmond West hotel.
Markel|Eagle Partners LLC
Markel|Eagle Partners LLC is a leading real estate fund and asset manager. With a combined 130 years of experience in real estate and investments, Markel|Eagle Partners’ common sense investment approach provides sole source, integrated and comprehensive solutions for the recovery, resolution and disposition of tangible real estate assets. Unlike traditional opportunistic funds that focus on buying challenged real estate assets on a “buy low, hold and hope” basis, Markel|Eagle Partners’ focus is on growing, building and nurturing existing developments and properties. Markel|Eagle Partners’ initial fund, Markel|Eagle Partners Fund I LLC, currently invests in real estate ventures in the Mid Atlantic, including West Broad Village, a 115-acre, $300 million, upscale commercial and residential community in Henrico, County. Learn more at: www.markel-eagle.com.
About ACAC Fitness & Wellness Centers
ACAC Fitness & Wellness Centers, ranked #12 for single club sites nationally according to Club Industry’s “Top 100 Club,” have been providing quality fitness and wellness services since 1984. With clubs in Charlottesville & Richmond, Va., as well as in West Chester, Pa., ACAC features comprehensive fitness facilities complemented by aquatics programs, personal training, spa services, a café, summer camps, senior fitness and wellness, kids’ programs and corporate fitness programs. ACAC’s clubs in Charlottesville and Richmond are certified as medical fitness facilities by the Medical Fitness Association of America, a division of the American Hospital Association. Often referred to in national and international trade publications as an industry leader, ACAC continues to break new ground in the development of fitness and wellness. Learn more at: http://www.acac.com/.
Contacts:
Catherine Gryp
CRT/tanaka
804.675.8141
cgryp@crt-tanaka.com