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Wood Investments Companies Acquires Former Tower Records Building in Brea and Signs UFC Gym as Tenant

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Wood Investments Companies, Inc., has recently completed the acquisition of the former Tower Records building in downtown Brea, California.

The property, situated in the heart of Brea’s bustling shopping and entertainment district, was purchased in March 2022. Wood Investments Companies has now announced the signing of a lease agreement with UFC GYM, a major brand extension of the world-renowned MMA organization UFC. The 30,000-square-foot building is expected to become the new home of UFC GYM and is scheduled to open its doors to the public in the third quarter of 2023.

UFC GYM has emerged as a game-changer in the fitness industry, with over 160 locations already operating worldwide and another 1,000 in the pipeline. Created in collaboration with New Evolution Ventures (NeV), the developers behind numerous successful fitness brands, UFC GYM has revolutionized the fitness landscape.

The property’s acquisition was facilitated by Jim Manarino and Tracey Zimmerman of Manarino & Associates, who represented the company in the transaction. Manarino & Associates also acted on behalf of UFC in the lease negotiation.

The former Tower Records building, constructed in 2000, stands at 220 S. Brea Boulevard in Downtown Brea, occupying a prominent position at the intersection of Brea Boulevard and Birch Street. Located across from the Improv, a renowned live comedy venue, the property benefits from its proximity to a 485-stall parking structure and a diverse selection of top-tier restaurants and retailers.

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Situated within North Orange County’s affluent trade area, the site is surrounded by nationally recognized tenants such as Target, Sprouts, Nordstrom, Walmart, Home Goods, Macy’s, Ralphs, Stater Brothers, and Home Depot. The property enjoys a catchment area of nearly 400,000 people, with an average household income exceeding $110,000 within a five-mile radius.

Brea was on our radar for a number of tenants that we work with

Patrick Wood, CEO and president of Wood Investments Companies, says, “Brea was on our radar for a number of tenants that we work with, and when the opportunity arose to acquire the former Tower Records building and lease it to UFC, it seemed like the perfect fit to round out the neighboring retail and shopping center tenant mix.

“We are excited to bring UFC GYM to this area and look forward to our partnership with UFC for many years to come.”

Jim Manarino, president of Manarino & Associates, highlights the prime location and potential of the landmark building. He says: “This is a hard-corner location in northern Orange County that benefits from a strong demographic and employment base and adjacent retail and commercial tenancy.

“We feel that this landmark building, its central location, and the state-of-the-art equipment and amenities that UFC offers will be a huge draw.”

According to Manarino, the Brea location will feature a UFC GYM Signature Club, providing a range of offerings such as a UFC-style Octagon, a spacious bag room, indoor turf, Brazilian jiu-jitsu mat room, Group Fitness studio, weight room, cardio equipment, Kids Club childcare, and full-service locker rooms. Most Signature clubs also include a café and retail store, while all locations offer a variety of fitness classes and personal training options.

Wood Investments Companies remains actively engaged in seeking well-located value-add development opportunities across the Western United States. The company specializes in creating new grocery-anchored neighborhood shopping centers, leveraging its design expertise and tenant influence.

Visit https://www.linkedin.com/company/wood-investments-companies-inc/.

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FMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

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    FMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

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