Gold’s Gym International is scouting out new locations in the San Antonio metropolitan area. However, unlike the standard big box gym, the company is rolling out smaller Gold’s Gym Express.
Kotel Investments, which is dually headquartered in San Antonio and Woodland Hills, Calif., is seeing good leasing activity in its Texas assets — including its portfolio of industrial buildings here in San Antonio.
In the early months of 2013, the firm has already signed 63,000 square feet worth of new leases and renewals here — including one deal that is part renewal, part new lease.
Business owner John Moretta recently renewed his lease of 5,000 square feet at Kotel’s industrial park along Starcrest, in North Central San Antonio. The space serves as the dealership for Moretta’s company, Ducati of San Antonio — which specializes in high-quality motorcycles, including the Ducati brand.
Moretta has also inked a new lease for 8,000 square feet in Building 5 in the Starcrest Business Park. The space will accommodate Moretta’s latest venture — the Vette Center, which Moretta describes as “Alamo City’s place for pre-owned vettes (Corvettes) and cool cars.”
Speaking of new deals, Venice, Calif.-based Gold’s Gym is already on the lookout for more sites for new facilities in the San Antonio MSA, according to Todd Scartozzi, COO for the company.
That expansion may even include developing some gyms under Gold’s streamlined model — Gold’s Gym Express, a prototype that ranges in size from 14,000 to 19,000 square feet.
