The Manchester-based investor has let Orient One, a former supermarket in Rawtenstall, to DSC Building and Maintenance, which plans to convert the space into a gym under its Thrive brand.
DSC has signed a 10-year lease on the 20,000 sq ft unit, located on New Hall Hey Road, and will pay around £120,000 in rent annually.
The firm plans to convert the former Kwik Save into its second Thrive gym, featuring a spinning studio and a café, adding to its debut site at Meadow Business Park in Bolton.
Hurstwood Holdings acquired Orient One, which has a 150-space car park attached, in 2006.
Stephen Ashworth, chairman and chief executive of Hurstwood Holdings, said: “We have had a number of diverse enquiries for this property for a variety of different uses.
“We wanted something that would ultimately benefit the local community and we agreed that Thrive presented the best long-term use for the building that would add to the local amenity offering.”
Taylor Weaver provided legal advice to Hurstwood Holdings on the deal.