Featured Deal: Life Time Fitness

Featured Deal

Chanhassen, Minnesota-based Life Time Inc., which operates a chain of Life Time Fitness health clubs across the U.S. and Canada, purchased 12.5 acres of land in Brookfield from Irgens Partners LLC, where it will build its first Wisconsin club.

The 125,000-square-foot, two-story facility will be part of Irgens’ Corridor development. Life Time Fitness is expected to break ground soon, with a 2019 opening date.

The gym will include an outdoor aquatic center with zero-depth entry pools, lap pools and waterslides. There will also be dance, art, music and tumbling studios available for children, indoor and outdoor cafes, and a full-service salon and spa.

The Corridor is a 66-acre mixed-use development along the north side of I-94, bounded by West Bluemound Road to the north and North Calhoun Road to the east. Other tenants include Dick’s Sporting Goods and Portillo’s. Two hotels, a Holiday Inn Express & Suites and a Fairfield Inn & Suites by Marriott, will also be part of the development.

Address: West Golf Parkway and Discovery Drive in Brookfield   

Buyer: LFT Real Estate Company Inc.

Seller: Deer Creek Development Partners LLC

Price: $7.6 million    

Chanhassen, Minnesota-based Life Time Inc., which operates a chain of Life Time Fitness health clubs across the U.S. and Canada, purchased 12.5 acres of land in Brookfield from Irgens Partners LLC, where it will build its first Wisconsin club.

The 125,000-square-foot, two-story facility will be part of Irgens’ Corridor development. Life Time Fitness is expected to break ground soon, with a 2019 opening date.

The gym will include an outdoor aquatic center with zero-depth entry pools, lap pools and waterslides. There will also be dance, art, music and tumbling studios available for children, indoor and outdoor cafes, and a full-service salon and spa.

The Corridor is a 66-acre mixed-use development along the north side of I-94, bounded by West Bluemound Road to the north and North Calhoun Road to the east. Other tenants include Dick’s Sporting Goods and Portillo’s. Two hotels, a Holiday Inn Express & Suites and a Fairfield Inn & Suites by Marriott, will also be part of the development.

Address: West Golf Parkway and Discovery Drive in Brookfield   

Buyer: LFT Real Estate Company Inc.

Seller: Deer Creek Development Partners LLC

Price: $7.6 million    

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