Blink Fitness Continues Expansion, Grabs Space in Penn Plaza
Michael Ewing Oct. 22, 2013, noon
Equinox Fitness’ lower-market Blink Fitness gym continues its expansion with a lease at Savanna-owned 31 Penn Plaza, the Commercial Observer has learned.
The new gym will span 27,832 square feet on the second floor of 31 Penn Plaza. There will also be some space allotted on the first floor to serve as an outside entrance.
“Blink Fitness is an amenity for building tenants and the neighborhood alike,” added Brian Reiver, director of leasing at Savanna.
Amy Zhen and Marc Frankel of Newmark Grubb Knight Frank represented Savanna in the transaction while Peter Levine at Charter Realty & Development Corp. represented the tenant.
Mr. Levine previously served as senior director of real estate for Equinox Fitness and helped the company’s national expansion. However, Mr. Levine continues to serve Equinox and represents Blink Fitness and the recently acquired SoulCycle, an indoor cycling center, in leasing activities throughout the city and metropolitan area.
The deal at 31 Penn Plaza will add to Blink’s list of Manhattan locations, including its recently brokered 15,500-square-foot lease at 260 West 26th Street, 18,119-square-foot space at Concourse Plaza, and 16,000-square-foot deal at 600 Third Avenue.
The company is taking the metro region by storm with fitness centers opening in Lodi, New Jersey in October, as well as Astoria, Chelsea, and Sheepshead Bay in December, and then another in Journal Square in Jersey City early next year.
Equinox Fitness, a subsidiary of Related Companies, operates three brands: Equinox, PURE Yoga, and Blink Fitness. PURE Yoga is the yoga studio division. Equinox and Blink Fitness are focused on fitness centers with the former offering a comprehensive state-of-the-art gym and training programs. Blink Fitness, in contrast, caters to professionals on-the-go that prefer a more compact and cardio-focused fitness center.