Sports Club Leases Space
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All American Sports Club Inc. has leased 60,000 square feet of space in the former Bank of America Building, 115 Pine Ave., Long Beach, for 15 years for a total consideration of $14.7 million--one of the largest leases ever signed in downtown Long Beach.
Matlow-Kennedy Corp., Torrance, represented Pine Avenue Limited, the lessor. The $5-million restoration of the building is expected to be completed in about a year.
The club will move its headquarters to the building from temporary quarters elsewhere in Long Beach.
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