LA Fitness Lands New Home In Calif.

Law360, New York (February 6, 2012, 6:17 PM EST) -- Gym operator LA Fitness International LLC has agreed to move its headquarters into a 91,000-square-foot office space in Irvine, Calif.'s iconic Michelson building, bringing the property to 93 percent occupancy, a company spokesman said Monday.

Financial details of the transaction, which closed in late January, were not disclosed, but unassociated analysts say the 10-year lease may be worth about $27 million. The new space is 30 percent larger than the company's current headquarters, also in Irvine.

“LA Fitness was focused on finding the highest-quality building featuring...
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