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Retro Fitness Lands Deal With BlackRock, Plans To Open 500 Health Clubs In Communities Of Color (Bisnow)

By May 20, 2022June 2nd, 2022No Comments

Fast-growing health club franchise Retro Fitness has reached the largest development deal in the company’s history as part of an initiative to open 500 new health clubs in 50 communities of color in the next five years.

Retro Fitness is partnering with BlackRock’s Impact Opportunities Fund and James Collins, managing partner of Eastwood Capital Partners, to develop 70 of the 500 new locations, the company announced Friday.