Bally Total Fitness will begin its exit from the Perkins Rowe development Wednesday.

Donna Taylor of Stirling Properties, which manages Perkins Rowe, said a tenant is already lined up for the 31,500-square-foot space, but a contract has not been finalized.

Taylor didn’t want to talk about the reasons Bally is leaving, but referred to published reports on the health club’s inability to pay its rent.

An appraisal filed in August in U.S. District Court showed Bally’s owed $1 million in rent.