Orangetheory Opening First South Slope Location

Growing fitness chain Orangetheory Fitness will open up a new location on Prospect Park West in South Slope, Brooklyn, its first in the neighborhood, Commercial Observer has learned.

Orangetheory has inked a 15-year lease for 3,600 square feet on the ground floor of the vacant, two-story 284 Prospect Park West between 17th and 18th Streets, according to Tri State Commercial’s Avi Akiva, who brokered the deal for landlord Superior Realty Group along with Chandler Slate. It will replace The Movable Feast catering company.

Asking rent was $65 per square foot. Orangetheory, which runs one-hour group workouts, plans to move into the storefront in eight months, Akiva said.

Ripco Real Estate’s Craig Gelberg brokered the deal for the tenant. A spokeswoman for Ripco did not immediately provide a comment.

The outpost will be Orangetheory’s 18th in New York City and sixth in Brooklyn. Other locations in the borough include 248 Flatbush Avenue in Park Slope, 186 Montague Street in Brooklyn Heights and 157 Kent Avenue in Williamsburg.

from Commercial Observer http://bit.ly/2F8pb0r

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s