Peloton finalizes lease for new HQ at
Hudson Commons

Fitness tech company’s new space will be six times as large as its current office

New York /
Nov.November 19, 2018 02:15 PM

A rendering of 441 Ninth Avenue and Cove Property Group’s Kevin Hoo (Credit: Cove PG)

Peloton finalized its lease for a new headquarters spanning more than 300,000 square feet on the Far West Side.

The indoor-fitness company signed a lease for 312,000 square feet at Cove Property Group’s Hudson Commons building at 441 Ninth Avenue, Peloton announced Monday.

The Real Deal first reported earlier this month that the company was nearing a deal to anchor the 700,000-square-foot office project, which Cove is redeveloping with the hedge fund Baupost Group.

Peloton’s new office will be six times the size of its current headquarters in Chelsea, and is only a short walk from the flagship studio the company plans to open at Manhattan West in 2020.

“For a long time, New York was considered to be an afterthought for tech start-ups,” Peloton co-founder John Foley wrote in a prepared statement, “but it’s now the second highest performing startup ecosystem in the world.”

Benjamin Birnbaum and Ben Shapiro at Newmark Knight Frank represented Peloton in the negotiations, while a CBRE team of Steve Siegel, Evan Haskell, Paul Haskin, James Ackerson and Benjamin Joseph is handling leasing at the property.


Related Articles

arrow_forward_ios
Vorea Principal's Peter Papamichael with 10-04 Borden Ave (Vorea Group, iStock)
Skydiver lands first NYC location in Long Island City
Skydiver lands first NYC location in Long Island City
Two Trees Management's Jed Walentas and 50 West 23rd Street (Walentas/via Marc Skrivo, Google Maps, iStock)
Trustpilot takes 34k sf at Two Trees’ Midtown South building
Trustpilot takes 34k sf at Two Trees’ Midtown South building
Bruce Brickman and 35-11 9th Street (Young Jewish Professionals, Google Maps)
Astoria cigar factory converted to offices highlighted NYC i-sales last week
Astoria cigar factory converted to offices highlighted NYC i-sales last week
BlackRock's Larry Fink, with 98 Riverside Drive (BlackRock)
BlackRock sells stabilized UWS rental for $90M after landmark designation
BlackRock sells stabilized UWS rental for $90M after landmark designation
Eli Elefant and 452 5th Avenue (IAVA, Property Building Corp)
PBC nears $385M loan for HSBC tower after sale to Innovo collapses
PBC nears $385M loan for HSBC tower after sale to Innovo collapses
Vornado CEO Steven Roth and One Penn Plaza (Vornado Realty Trust)
Health insurer takes 70k sf for HQ in Vornado’s One Penn Plaza
Health insurer takes 70k sf for HQ in Vornado’s One Penn Plaza
From left: Scott Rechler and 5 Times Square; Marc Holliday, Steven Roth and 280 Park Avenue (Getty Images, Eden, Janine and Jim from New York City - via Wikimedia Commons)
Swell of maturing debt pressures office owners
Swell of maturing debt pressures office owners
(photos by Joe Lovinger/The Real Deal)
Day 2 of ICSC: Retailers button up to network, prep for uncertain future
Day 2 of ICSC: Retailers button up to network, prep for uncertain future
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...