Fitness outposts SoulCycle and Blink Fitness have both signed leases at JTRE Holdings’ new Midtown East property at 240 East 54th Street.
The companies both signed 20-year leases for a collective 25,000 square feet, according to The Real Deal. SoulCycle is taking 4,500 square feet for its popular spin classes on the ground floor of the property. Blink Fitness will occupy 20,500 square feet on part of the ground floor, as well as the entire second and third floors.
Not so long ago, the property between Second and Third Avenues was home to a three-story parking garage. Last month, Commercial Observer recently reported that JTRE Holdings purchased the property for $21 million from the Gould family.
JTRE Holdings, SoulCycle and Equinox, the parent company of Blink Fitness, did not immediately respond to requests for comment.
TRD reported there were no brokers involved in the transaction.
SoulCycle has 12 existing studios in New York City and Blink Fitness has 21.