Lease Deal

Blink Fitness Takes 16,000 SF at 600 Third Avenue

Blink Fitness, the new affordable gym chain launched by Equinox that aims to be friendly on one’s waistline and wallet, has signed a lease to take 16,000 square feet at 600 Third Avenue, it was announced today.

600 Third AvenuePS1 201x300 Blink Fitness Takes 16,000 SF at 600 Third Avenue

600 Third Avenue (photo courtesy of Property Shark)

The gym will be taking the ground and lower level floors of 600 Third Avenue, a 42-story office tower that is owned in a partnership between L&L Holding Company and Blackrock Realty Advisors.

Asking rents for retail space in the building is $200 a square foot. The lease is for 15 years.

David Berkey and Andrew Wiener of L&L Holding Company represented the firm in-house. Peter Levine of Charter Realty & Development, a firm based in Westport, CT, represented Blink Fitness in the leasing transaction.

Calls to Mssrs. Berkey and Levine were not immediately returned.

Blink Fitness will join FedEx Kinkos, Just Salad and Qdoba Mexican Grill as the retail tenants at the building’t retail space.

Launched last year as a more affordable counterpart to Equinox’s distinct (and distinctly costly) brand of personal fitness, the “friendly” Blink Fitness already has outposts in the former Tower Records storefront on E. 4th Street, as well as locations in Yonkers, Melville, and Paramus, New Jersey. A new gym on St. Anns Avenue in the Bronx is set to open soon, according to Blink Fitness’ website.  The gym is planning to open 25 additional branches throughout the Tri-State area over the course of the year, according to a press release.

Dos Condon,  Vice President of Blink, did not respond to a request for comment.

Monthly membership at the gym starts at $20 a month.

This is the second lease deal announced in the past week for 600 Third Avenue. Last week, law firm Pomerantz Haudek Grossman & Gross inked a lease for two floors and 14,320 square feet at the Grand Central building.

drosen@observer.com

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