By Press Release
Blink Fitness to Open in Rialto this Winter
Fast-Growing Fitness Brand Opening Gym in Rialto; Offering Special Pre-Opening Membership Pricing
News Release — RIALTO, Calif. – Residents in Rialto will soon enjoy the Feel-Good Experience® taking Southern California by storm. Blink Fitness (Blink), a premium-quality, affordable fitness brand with its unmistakable Mood Above Muscle® philosophy, is slated to open in Rialto in December. The new gym, which offers monthly memberships starting at $15, will be situated at 1205-12099 W. Foothill Blvd. conveniently located near the Denny’s and El Pollo Loco. When it opens, Blink Fitness Rialto will span more than 14,200 square feet, and stands to be the brand’s 8th gym in California. Blink Fitness has popular gyms throughout Southern California, including Ontario, Burbank, Gardena, Huntington Park and Anaheim.
The gym is offering a limited time pre-opening discount on memberships, as well as the chance to enter a sweepstake to win a free one-year membership. Local residents and area commuters can purchase pre-opening memberships on the location’s website.
Blink Fitness is a firm believer that exercise isn’t just about looking good, it’s also about how it makes you feel. In its commitment to putting Mood Above Muscle®, Blink Fitness gyms are brightly lit and feature colors that are scientifically proven to lift moods. Gym-goers are greeted and encouraged by specially trained employees, called Mood Lifters®.
“Our dedication to Mood Above Muscle® is evident in everything we do, and we’re ready to bring our unique mission to folks in Rialto,” said Stephen Catanzaro, area manager of Blink Fitness. “Southern Californians love our gyms, so we’re confident people in Rialto will enjoy our professionally trained staff, uplifting colors, sleek design and clean facility. Plus, our new Rialto gym is located conveniently near a Walgreens and the Renaissance Shopping Center, situating us perfectly for residents and commuters.”
Blink Fitness Rialto will feature state-of-the-art equipment for every fitness level, including cardio machines, strength equipment, dumbbells and designated areas for stretching, HIIT, bodyweight training and more. Certified personal trainers will be available for members looking for one-on-one fitness coaching, and every membership comes with a free personal training start-up session. On an ongoing basis, personal training sessions start as low as $30.
The gym recently launched a Blink Fitness mobile app that empowers and enables members to exercise anytime, anywhere by providing hundreds of workout videos, including HIIT, strength, yoga, stretching, Pilates, spinning and treadmill classes, as well as guided meditations. Plus, the app offers nutrition advice and recipes.
For more information on the Blink Fitness Rialto gym and to enter the sweepstakes for a free one-year membership, visit https://www.blinkfitness.com/locations/rialto.
To contact the team at the new Rialto gym, email rialto@blinkfitness.com.
San Francisco based Stockbridge acquires 100% leased assets in premier IE West location
Cushman & Wakefield’s EDSF also sources acquisition financing for transaction
Cushman & Wakefield announced the firm has arranged the sale of a core industrial portfolio totaling 540,478 square feet in Southern California’s premier Inland Empire West (IEW) submarket. The portfolio consists of two freestanding Class A buildings located a few miles apart at 3351 E Philadelphia St and 4450 E Lowell St in the city of Ontario. The buildings are 100% leased to prominent tenants in the distribution and retail industries.
San Francisco based Stockbridge acquired the two-property portfolio from Principal Asset ManagementSM a global financial and investment management firm. The portfolio sold for $142.25 million.
Jeff Chiate, Jeffrey Cole, Rick Ellison, and Matt Leupold of Cushman & Wakefield’s National Industrial Advisory Group—West represented the seller in the transaction. The firm’s Phil Lombardo, Chuck Belden and Andrew Starnes also provided leasing advisory.
Additionally, a Cushman & Wakefield Equity, Debt & Structured Finance (EDSF) team of Rob Rubano, Brian Share, Joseph Lieske, Max Schafer, and Becca Tse collaborated in sourcing acquisition financing for the transaction.
“Stockbridge has acquired an institutional-quality industrial portfolio with a phenomenal infill location combined with strong tenancy and premium distribution features and functionality. Both properties have maintained a historical occupancy of 100% for nearly a decade speaking to the tenant demand for industrial buildings of this quality and location,” said Jeff Chiate, Executive Vice Chair. “Additionally, with current rents below market rate, the buyer has a compelling mark-to market opportunity along with existing durable cash flow, providing a variety of value-add strategies.”
The properties offer convenient access to Southern California’s robust freeway network and other vital nodes of transit such as Ontario International Airport, the Los Angeles & Long Beach Ports, and LAX International Airport (60 miles). Access to a deep labor pool and robust consumer population also makes the region a superior industrial location.
According to Cushman & Wakefield’s latest industrial market report, the Inland Empire West submarket had a vacancy rate of 5.4% in Q1 2024, representing the tightest submarket in the broader Inland Empire market. Additionally, IEW achieved nearly 1 million square feet of positive net absorption (occupancy growth) in the first quarter of 2024.
Stater Bros. Charities, the philanthropic arm of Stater Bros. Markets, partnered with Reyes Coca-Cola Bottling again this year for their Give Back program during National Military Appreciation Month. The program ran for the entire month of May, during which Reyes Coca-Cola Bottling committed to donating $0.25 per eligible product purchased to the Bob Hope USO. Reyes Coca-Cola Bottling donated $15,000, and Stater Bros. Charities matched their donation for a total contribution of $30,000.
A check presentation occurred during a K-EARTH 101 radiothon benefiting the Bob Hope USO. The radiothon took place at the Bob Hope USO at LAX (Los Angeles International Airport) on June 29, 2023, where Stater Bros. Charities and Reyes Coca-Cola Bottling presented Bob Hope USO with a $30,000 check.
Bob Hope USO’s mission is to strengthen America’s military service members by keeping them connected to family, home and country, throughout their service to the nation. The Give Back program is a unique opportunity to show gratitude and support to the brave men and women who risk their lives for our freedoms and to care for their families while they are away from home on deployment.
“Stater Bros. Markets has a long history of supporting veterans, service members, and their families,” said Danielle Oehlman, Director, Stater Bros. Charities. “We are so pleased to partner with our friends at Reyes Coca-Cola Bottling and the USO to give back to those who have given so much for us.”
Lorin Stewart, President, USO West Region, said, “We are deeply grateful to Stater Bros. Charities and Reyes Coca-Cola Bottling for being sustaining partners of the USO. The Give Back program embodies the essence of the USO mission by enabling the community at large to come together to support and give thanks to our armed forces and their brave military families in an impactful way.”
Funds will support the Bob Hope USO and USO San Diego Center operations, including programs and services that strengthen the social, mental, physical, and emotional well-being of local military service members, their families, and their communities.
By Press Release
BDK Logistics Intelligence Fully Leases 114,190 SF Industrial Facility in Corona, CA
Cushman & Wakefield represents landlord in lease in SoCal’s Inland Empire
Cushman & Wakefield announced that BDK Logistics Intelligence, Inc. has signed a lease for an entire 114,190-square-foot industrial facility at 1161 Olympic Drive in Corona, California. Situated in Southern California’s renowned Inland Empire, the building is owned by Monterey Rancho Mirage, LLC, which was represented by Brett Lockwood and Rick Ellison of Cushman & Wakefield in the transaction.
“We are pleased to welcome BDK to the property as a quality industrial tenant that is expanding its presence in the market, which it also currently occupies multiple warehouse facilities,” said Director Brett Lockwood. “Our client was instrumental in helping this deal transact as there were many variables that needed to be navigated which led to this lease coming together quickly and successfully.”
1161 Olympic Drive is a quality freestanding building situated on ±4.8 acres and features 20 dock high loading doors. The property is conveniently located off Interstate 15 near the confluence of SR 91 and is proximate to the extensive freeway network traversing the entire Greater Los Angeles region and into other major markets in and out of state.
According to Cushman & Wakefield’s latest Q2-2023 quarterly report, the Inland Empire industrial market posted an overall vacancy of 3.4% and has recorded more than 2.7 million square feet of positive net absorption through the first half of 2023.
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