A real estate partnership that includes the owners of Gold's Gym in Hagerstown last month bought the shopping center where the workout center sits.
Co-owners Kirk and John Galiani and real estate developer Steve Parnell, formed CV Hagerstown LLC, which paid $1.2 million for the 8.89-acre property at Pennsylvania Avenue and Longmeadow Road.
Gold's opened almost a year and a half ago in the building formerly occupied by Rando's Fitness Center.
"They're doing very well down there as a gym and a social place," said Parnell, who owns the Reston, Va.-based Capital Ventures LC and develops shopping centers and office complexes.
CV Hagerstown bought the company on Jan. 7 from MGI Properties in New York.
Parnell said the partners bought the property to support the long-term growth of Gold's. Giant Food, which had a supermarket in the building until it outgrew the space, leased the property from MGI Properties.