Thor Equities, a leader in urban real estate development, leasing and management, has leased approximately 5,000 square feet on the first floor of The Gallery at Beach Place to The Gym Fort Lauderdale Beach, company executives announced today.

The tenant is scheduled to move in the spring to its new space, which will include an outdoor terrace area. The Gym is currently located at the Aquatic Center Plaza on SE Fifth Street.

“After renovating and repositioning The Gallery at Beach Place, we are continuing to attract exciting new tenants who are drawn to the property’s prime location and oceanfront views,” said Joseph Sitt, Chairman of Thor Equities.

Thor has remodeled all of the common areas at The Gallery at Beach Place with new floors, tile, furniture and awnings, as well as repainted the entire interior and façade.

Current tenants include Lulu’s Bait Shack, Maui Nix Surf Shop, CVS, Escapology, Crocs, Häagen Dazs, and Rocky Mountain Chocolate Factory. In addition, event space company Crystal Ballroom recently leased 13,000 square feet on the third floor of the property.

The Gallery at Beach Place is situated directly on Route A1A, the primary thoroughfare of Fort Lauderdale Beach, with more than 300 feet of retail frontage along the route. Located just steps from the beach, the property is regularly frequented by guests of the adjacent Marriott BeachPlace Towers and nearby Ritz-Carlton hotel.

Other luxury residential and hotel developments in the area include the Conrad Fort Lauderdale Beach, W Residences Fort Lauderdale, and the Four Seasons Hotel and Private Residences Fort Lauderdale opening in 2020.

CREC Vice President Rafael Romero, CCIM, and Vice President Ariel Bernstein oversee leasing and marketing at The Gallery at Beach Place.

About Thor Equities: Thor Equities is a leader in the development, leasing and management of commercial, residential, retail, hotel and mixed-use assets in premier urban locations worldwide. The company maximizes returns for investors by recognizing a property’s potential, reducing operating expenses, increasing tenant satisfaction, and leveraging market trends to maintain a long-term competitive edge. Thor Equities is also the exclusive representative of global retailers through Thor Retail Advisors, a premier leasing agent for marquee properties worldwide. For more information, visit www.thorequities.com.