CDM Fitness Holdings Grows Pacific Northwest Footprint with Purchase of Seven Tacoma-Area Planet Fitness Clubs
Posted: March 12, 2024 in Chains
Planet Fitness
KENT, WA – CDM Fitness Holdings (CDM), an SBJ Capital portfolio company [based in Foxborough, MA, with an office in Kent, WA] and one of the largest developers and operators of fitness clubs under the Planet Fitness brand, announces the purchase of seven Tacoma, Washington-area Planet Fitness clubs from Jeg Viper LLC of Philadelphia.
The properties, totaling nearly 162,000 square feet, are as follows:
Club Name | Address
Bonney Lake | 19561 WA-410, Bonney Lake, WA 98391
Milton | 2800 Milton Way, Milton, WA 98354
Puyallup | 625 River Road, Puyallup, WA 98371
Tacoma (Fern Hill) | 9820 Pacific Ave, Tacoma, WA 98444
Tacoma (West End) | 2217 North Pearl Street, Tacoma, WA 98406
University Place | 6706 19th Ave West, University Place, WA 98466
Tacoma (Eastside) | 817 E 72nd Street, Tacoma, WA 98404
This transaction (which did not involve brokers) grants CDM the rights to build and operate additional clubs in the Tacoma area. It marks CDM’s second Planet Fitness acquisition in Washington state, following the 2023 purchase of 10 locations in the Seattle area: Renton, Federal Way, Kent, Woodinville, Des Moines, Marysville, Covington, Auburn, Kent Valley and Bellevue, which opened in July 2023.
“Seattle-Tacoma is a diverse, vibrant market, and we believe underserved in terms of affordable fitness options,” said Bruce Edwards, CEO of CDM. “We have experienced a positive reception since entering the greater Seattle market, and our immediate plans are to reinvest in and enhance our existing locations with new equipment and facility upgrades to ensure that our member experience rivals that of a brand-new facility. We are also actively looking to expand our Planet Fitness network to additional areas in and around the region.”
