Fastbreak Kids is set to open a new location on First Avenue between 84th and 85th Streets on the Upper East Side.
The sports training company will open its 14th facility in Manhattan and its first full-time dedicated indoor location. The new space, signed for 10 years, will be located at 1629 First Avenue and will span 7,000 square feet, with a scheduled opening in mid-2013.
“They are primarily focused on the Upper East Side of Manhattan,” said Gary Alterman, executive vice president of RKF. “[The new location is a] column-free space with 20-foot-high ceilings.”
Since the building was constructed in 1970, the facility has been occupied by the United Artist East movie theater.
“The former theater is a great, unique space, and the location is perfect for a surrounding neighborhood that is full of both families and schools,” Mr. Alterman further noted in a prepared release.
Mr. Alterman was joined by his colleague and associate Andrew Stern of RKF in representing both parties in the transaction. RKF will continue to assist Fastbreak Kids’ expansion within the city.
“They definitely plan to expand within Manhattan and also in Brooklyn (among other boroughs) but not until mid-year 2013 (after this location has officially opened),” further explained Mr. Alterman.
The asking rent in the transaction was $43 per square foot.