Climbing Gym Lands in Greenpoint for First East Coast Location
A new rock climbing gym is headed to the Greenpoint-Williamsburg border in Brooklyn.
Vital Climbing Gym inked a 46,000-square-foot, 15-year triple-net retail lease for the entirety of Cayuga Capital’s new single-story commercial project at 1 Nassau Avenue, according to a press release from CBRE. Asking rent in the transaction was $110 a square foot, according to The Real Deal, which was the first to report on the deal.
The 24-hour climbing gym is scheduled to open in the summer of 2019. It will be Vital’s fifth location and first East Coast outpost, along with three gyms in California and one in Washington.
“We’re excited to become part of the New York climbing community,” David Sacher, a co-founder of Vital, said in a statement. “Our gyms buzz with life and excitement. We design our spaces to reflect this energy—clean, open, bright, full of conversation, creativity and life.”
EXR’s Brad Krosser and Nick Dries and former EXR brokers Keat Chew and Harrison Gilbard-Balisky represented Cayuga Capital in the transaction. CBRE’s Michael Kadosh, Lon Rubackin and Jesse Wolff represented Vital. Representatives for EXR and Cayuga Capital didn’t immediately respond to requests for comment.
The property between Banker, North 14th, North 15th and Wythe Streets is an early 20th century warehouse formerly owned and occupied by Nash Metalware Company.
“Climbing gyms are now massively popular hubs for millennials,” Kadosh said in prepared remarks. “Vital is a unique concept in fitness, open 24 hours a day for members, and will also offer full health club amenities including fitness equipment, yoga, spin and aerial silks classes.”