Noble Properties Executes New Lease With Planet Fitness

February 3, 2020
For more information,
Contact: Paul Forberger

Noble Properties is pleased to announce that they have executed a new lease with Planet Fitness at Stuart Crossings in Stuart, Florida.  Planet Fitness has been a tenant of Noble’s for over 10 years at Stuart Stuare in 13,000 square feet, but they are relocating to Stuart Crossings and expanding to 20,000 square feet.  Planet Fitness expects to be open in their new location in the third quarter 2020.   In anticipation of Planet Fitness’s new location, Noble Properties is doing a complete facade renovation for them.

Planet Fitness was founded in 1992, in Dover, NH. In the beginning, it operated much like every other gym in its small hometown and catered to the same small percentage of the population in the U.S. who worked out and belonged to a health club.

PF’s owners quickly recognized that there was a greater opportunity to serve a much larger segment of the population. They asked themselves, “Why does 80-85% of the population not belong to a gym?” The answer? First-time and casual gym users didn’t like the “look at me” attitudes and behaviors found in typical gyms, and they didn’t want to have to pay a lot of money to give fitness a try.

So they completely changed the gym environment, both in attitude and format, creating the non-intimidating, low-cost model that has revolutionized the gym industry. Planet Fitness became known as the “Judgement Free Zone®” – a welcoming and friendly community where people could feel comfortable regardless of their fitness level.

Today, Planet Fitness has become one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. With more than 1,800 locations in 50 states, Canada, Latin America, and Australia, Planet Fitness has continued to spread its unique mission of enhancing people’s lives by providing an affordable, high-quality fitness experience in a welcoming, non-intimidating environment.

Noble Properties is a fast growing, privately owned, Real Estate Investment Company. Noble Properties was founded in 1992 and acquires and manages Anchored Shopping Centers, Medical Office Buildings and Net Leased Properties. Noble Properties is actively seeking these property types throughout the United States. Our portfolio boasts an occupancy rate of 92 percent. All properties are well maintained and provide excellent value for our tenants and their customers.