Peloton Signs Two Leases Totaling 32K SF at Five Manhattan West
By Lauren Elkies Schram April 10, 2018 3:25 pm
reprints
Peloton has signed two leases at 5 Manhattan West, one for a consumer-facing studio and one for an office, sources with knowledge of the deal told Commercial Observer.
The high-energy indoor cycling company has taken 26,400 square feet for the studio (a retail space) and 5,700 square feet for offices in Brookfield Property Partners‘ building. The store is slated to open in late-2019.
Newmark (NMRK) Knight Frank represented Peloton, and JLL (JLL) represented Brookfield. A spokesman for Brookfield declined to comment and spokespeople for the brokerages didn’t immediately respond to a request for comment.
Peloton has already cozied up to Brookfield. It established a pop-up shop last year to sell its signature bikes out of a 300-square-foot glass-enclosed store in the inner courtyard of Brookfield Place, at 230 Vesey Street, CO reported last May.
Tenants at 5 Manhattan West include Amazon (AMZN), which signed a 360,000-square-foot deal last September, as CO reported. And Whole Foods signed a 60,000-square-foot deal to anchor the 100,000 square feet of ground-floor retail space at the redesigned building, formerly known as 450 West 33rd Street.
