Ashforth Paradigm Capital Advisors (APCA) acquired Boston Sports Club facilities in Lexington and Franklin, Mass., as the company’s first investments.

The total value of the transactions was $10.3 million.

The two properties acquired by APCA in suburban Boston are net leased through June 2015 to subsidiaries of Town Sports International, a fitness center owner in the northeastern United States. The Lexington Club is a 70,000-square-foot facility situated on a 9-acre parcel at the intersection of Route 128 and Route 225 in Lexington, Mass. The Franklin Club is a 30,000-square-foot facility situated on a 5.75-acre parcel just off Route 495 in Franklin, Mass.

APCA was launched earlier this year as a partnership between The Ashforth Co., a Stamford, Conn.-based diversified real estate firm, and Paradigm Properties LLC, a Boston-based real estate investment and management firm.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription