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KENT, WASH. — CDM Fitness Holdings, an SBJ Capital portfolio company based in Foxborough, Mass., with an office in Kent, has purchased seven Planet Fitness clubs from Philadelphia-based Jeg Viper LLC for an undisclosed price. The buyer is one of the largest developers and operators of Planet Fitness locations.
Totaling nearly 162,000 square feet in Washington, the properties are:
- 19561 WA-410, Bonney Lake
- 2800 Milton Way, Milton
- 625 River Road, Puyallup
- 9820 Pacific Ave., Tacoma
- 2217 N. Pearl St., Tacoma
- 6709 19th Ave. West, University Place
- 817 E. 72nd St., Tacoma
The transaction, which did not involve brokers, grants CDM the rights to build and operate additional clubs in the Tacoma area. The acquisition marks the company’s second Planet Fitness purchase in Washington, following the 2023 purchase of 10 locations in the Seattle area.