News
Drew Ford Guides Strategic, High-Growth Commercial Real Estate Expansion for Leading U.S. Fitness Franchise
Drew Ford, Real Estate Partner at Johnson Pope, has been instrumental in securing key real estate transactions for a national fitness center franchise, facilitating a franchisee’s expansion from 70 locations to more than 120 locations across the U.S. within a 12-month period.
Strategic Legal Guidance for High-Growth Real Estate Transactions
Drew and his team successfully navigated complex negotiations between sellers and the private equity owned client, ensuring a seamless transaction and risk mitigation throughout each deal. By skillfully negotiating amended leasing rights and obligations, Drew and his team minimized the liability of client principals and affiliated entities, while aligning the goals of sellers and landlords where possible. Managing the differing urgencies of sellers, landlords, and the franchisor, Drew’s team ensured that the client’s goals of rapidly closing a high volume of acquisitions on tight timelines in a newly competitive space were met and exceeded.
Expert Support for Efficient Closings
Kaley Johnson, a key contributor to the project, provided vital support in closing multiple properties efficiently, further accelerating the client’s national expansion.
Driving Franchise Growth & Success
This achievement marks a major milestone for the fitness brand’s growth in the U.S., as the client team is now the second largest franchisee in the country, and Drew Ford’s team has been a pivotal partner in helping them move forward on their strategic goals.
For real estate legal expertise and partnerships that drive success and growth, contact Drew Ford today to discuss how we can help you expand and achieve your business goals.