Posted: April 27, 2015
Clafferty of RFR Retail brokers 5,879 s/f lease to Barry's Bootcamp at 300 East 64th Street
According to RFR Retail, a major leasing transaction at 300 East 64th St. has been completed with growing fitness center Barry's Bootcamp taking 5,879 s/f for its largest location to date. The high-intensity group fitness and training concept will offer an amenity for residents of RFR's new condos at 300 East 64th St., and for others in the neighborhood. Jordan Claffey, VP and director of leasing at RFR Retail represented RFR Retail.
"Barry's Bootcamp was seeking a flagship location for their first and only location to date on NYC's Upper East Side, and we're thrilled to welcome them to the building," said Claffey. "They have an exciting exercise model and clearly are energized for growth. Barry's Bootcamp adds a tremendous amenity for the area as a whole."
The long-term lease covers a portion of the 1st floor and the entire 2nd floor. Barry's Bootcamp is expected to open in early 2016. "Barry's had been looking to secure an Upper East Side location for a while and this location had all of the right pieces," said Neal Ohm who represented the tenant in the deal. "This is the company's fourth urban transaction in NYC and Barry's looks to take advantage of the loyal customers in this market who have been making the trek downtown to classes for years. We are also extremely excited to be located in one of the premier luxury developments coming to market on the Upper East Side"
RFR continues to expand its retail activities under Claffey's direction, and has several high profile projects underway, including standalone retail properties in addition to retail sections of RFR office and residential buildings. The former Church Missions House at 281 Park Ave. South, for example, has full retail frontage on sought-after Park Ave. South and offers the potential for a retailer to lease the ground floor retail space and the office space above it as a corporate headquarters. At 190 Bowery, the 4,200 square foot ground level at the corner of the Bowery and Spring St. is a prime location for any retail brand or restaurant. The site offers more than 140 linear square feet of frontage and 18-foot ceiling heights. In Noho, RFR's 11 Bond St. is being repositioned for potential single tenant use, with flagship retail space available across five floors.
In Brooklyn, there is an approximately 80,000 s/f retail opportunity associated with the five DUMBO properties that RFR and Kushner Cos. recently acquired from the Watchtower Bible and Tract Society of New York. RFR also owns retail properties in Miami on Lincoln Rd. and at the W Hotel, and in Las Vegas in the Miracle Mile Shops. The firm also has significant retail holdings in key German markets, including Frankfurt, Berlin, Hamburg and Nuremberg.
RFR is a fully integrated real estate investment firm based in New York City with a core focus on select urban markets in the United States and Germany. Founded by Aby Rosen and Michael Fuchs in the early 1990's, the firm has been an active force in the New York City and German real estate market for much of the past two decades. RFR's portfolio has grown to include more than 100 properties located in select domestic and international markets. While its property portfolio is anchored in the Manhattan and key German commercial markets, RFR also has significant commercial, residential, hotel, and retail holdings. RFR has a proven track record of adding significant value to the properties it acquires through property-level repositioning and strategic financial engineering. RFR has created an organization with deep experience in all phases of the property life cycle and is positioned to take advantage of market opportunities.
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