News: Brokerage

Jack Resnick & Sons inks retail lease with Club Pilates at 850 Second Ave.

Manhattan, NY Jack Resnick & Sons negotiated a 10-year, 3,500 s/f lease with Club Pilates, open on the ground floor of The Delegate, a condominium tower built by Resnick, at the corner of Second Ave. and 45th St. in Midtown East.

“We are pleased to welcome Club Pilates to 850 Second Ave.,” said Jonathan Resnick, president of Jack Resnick & Sons. “This high-quality new fitness option will serve as an excellent new amenity for residents of The Delegate and the surrounding community.”

Jack Resnick & Sons, which owns and operates the retail condominium at the base of The Delegate, was represented in-house by Fran Delgorio and Brett Greenberg, along with Arial Schuster, Ross Berkowitz, Andrew Stern and Jake Siegel of Newmark. Club Pilates was represented by RIPCO’s Emily Kripitz and Beth Rosen, who are the exclusive brokers for the franchise in Manhattan.

Club Pilates is an affiliate of Midtown East Fitness and a subsidiary of Xponential Fitness.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.