Sabre Real Estate Group arranges 16,707 s/f lease for blink fitness in Route 22 retail center in Union, N.J.
Sabre Real Estate Group LLC, the metropolitan region's newest retail brokerage, has arranged a lease in Union, N.J., on behalf of Blink Fitness, the affordable national gym chain.
Blink Fitness, whose prototype unit was designed by architect and scenic designer David Rockwell, leased 16,707 s/f in the Route 22 Retail Center at 2700 U.S. 22 in Union N.J. The new gym is expected to open by Q2 2014
The center is owned by DDR Corp., a self-administered and self-managed, publicly traded real estate investment trust.
"This is a terrific location for Blink, a power center whose tenants include Target, Petco, Babies R Us and Dick's Sporting Goods," said Scott Sher, senior vice president of Sabre.
Sabre is Blink's exclusive real estate broker for New Jersey and Long Island, NY.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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