SL Green Realty Corp. on Tuesday announced it has signed Equinox Fitness Clubs to a new lease for 52,120 square feet at One Park Ave. in Manhattan, N.Y.
The value of the transaction was not disclosed.
Located between 32nd and 33rd Streets, this 20-story office building, containing 926,921 square feet, was built in 1925, and SL Green recently renovated its lobby, elevators and facade. Equinox was attracted to the building quality, convenience to all major transportation, and the many high-end restaurants of Park Avenue South and Union Square, as well as the neighborhood’s residential and corporate demographics, according to a press statement.
Equinox will occupy a portion of the ground and the entire second floor of the building following the conversion of former office space into retail space. Under the terms of the 16-year lease, Equinox will construct a private entrance for Equinox on the 33rd Street side of the building.
Equinox Fitness Club is slated to open at One Park Ave. in the first quarter of 2007.
In addition to Equinox Fitness Clubs, other noteworthy tenants at the time of the transaction included Coty Inc. and New York University Medical Center.
SL Green Realty Corp. is a self-administered and self-managed real estate investment trust, or REIT, that predominantly acquires, owns, repositions and manages a portfolio of Manhattan office properties.