Blink Fitness works out deal to take three floors at the Lara

Discount gym signs lease for nearly 20,000 square feet at FiDi property
September 09, 2014 12:30PM

Discount gym chain Blink Fitness, a division of the gym Equinox, signed a 15-year lease for 19,322 square feet at the Lara rental project at 111 Nassau Street in the Financial District.

The gym is set to occupy the bottom three floors of the 168-unit luxury apartment building, which is now fully leased. Asking rents are $125 per square foot on the ground floor and $40 per square foot for the upper floors.

Stanley Lindenfeld and Henry Goldfarb of Lee & Associates represented the landlords Bernard and Lara Friedman, while a team at Newmark Grubb Knight Frank represented the tenant, the New York Observer reported. The NGKF team includes Marc Frankel, Ben Birnbaum and Jeff Roseman.

Late last year, Blink unveiled plans to open between five and 10 locations — or more — in Manhattan over the next two years, as previously reported. [NYO]Mark Maurer