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Wednesday, August 02, 2006


BIG LEASES SIGNED IN MANHATTAN 

It seems that Equinox Fitness Club is expanding its muscles in Manhattan.

Steve Cuozzo notes...

EQUINOX Fitness Clubs, the high-end gym-and-spa chain that Related Cos. bought last year for $505 million, keeps on flexing its muscles all over Manhattan.

Equinox just signed what might be its largest lease ever at SL Green's 1 Park Ave. - a 52,120-square-foot deal that includes 15,000 feet of offices. A 1,500-square-foot ground-floor entrance leads to the bulk of the space on the second floor, which has windows overlooking the avenue.

To accommodate the new club in the prewar office building at 32nd Street, Green eliminated some former second-floor office space and built a private entrance for Equinox on the 33rd Street side. "We also converted two elevators to be all theirs," said Green leasing honcho Steven Durels.

Newmark Knight Frank's Jeffrey Roseman, who represented Equinox, called the new club "a total amenity for the building."

The asking rent was $40 a foot.

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