Real Estate Weekly
Image default
Retail

Fitness Factory expands with 18,000 s/f Brooklyn anchor space

RIPCO Real Estate announced that Fitness Factory Health Club has signed a lease for 18,000 s/f at RXR Realty’s 475 Clermont, its luxury residential building between Clinton Hill and Fort Greene.

A team of RIPCO brokerage professionals led by Jason Pennington, Andrew Clemens, Benjamin Weiner and Jessica Hedrington, represented RXR in the 10-year lease.

“Fitness Factory represents a major piece to our puzzle at 475 Clermont and is the ideal anchor tenant as we officially kick off our leasing program at the property,” said Pennington, a managing partner at RIPCO.

“As Fort Greene and Clinton Hill further evolve into seven-day neighborhoods, we are in search of best-in-class retail tenants that will complement one another and best serve the diverse group of people living in-and-around these communities.”

Fitness Factory, with six locations throughout New Jersey and New York, is slated to open its doors at 475 Clermont in mid-2020.

The full-service fitness center will feature weight and circuit training equipment, spa amenities, specialty classes and personal training services. From a design standpoint, special care will be taken to enhance the functionality of the space for members seeking personal, dedicated attention.

The 18,000 s/f lease represents the first retail lease at 475 Clermont, and with approximately 17,000 s/f of retail space available for lease, RIPCO is focused on attracting like-minded retailers to the property.

In recent years, Clinton Hill and Prospect Heights have experienced a 180-degree development renaissance as former parking lots and train stations gave way to residential properties, repositioned office buildings and the ambitious re-imaging of the nearby Brooklyn Navy Yard, which is now home to Wegmans’ first New York City location.

Coupled with the already popular Fort Greene and Prospect Parks, the Brooklyn Museum, Brooklyn Botanic Garden, Barclays Center and City Point, the area is one of the most sought-after destinations in New York City.

475 Clermont, which rises 12 stories and includes 363 units ranging from studios to two-bedrooms, was designed by Aufgang Architects, with interiors by Durukan Design.

(Visited 1 times, 1 visits today)

Related posts

New retail brokerage positioning itself in tailwinds of shopping transformation

REW

Art store inks Brooklyn relocation

REW

Two Trees signs another pub deal

REW