News: Brokerage

Sabre Real Estate arranges two leases totaling 36,029 s/f for Blink Fitness in NJ

Sabre Real Estate Group LLC has arranged two leases on behalf of Blink Fitness totaling 36,029 s/f. In Jersey City, Blink Fitness leased 17,771 s/f on the ground floor and second floor of 35 Journal Sq. Journal Square Properties, an affiliate of New York City-based Sackman Enterprises, owns the 12-story, landmark former Trust Building. In Parsippany, Blink Fitness leased 18,258 s/f at the 159,000 s/f Morris Hills Shopping Center, 3035-3189 Rte. 46, at the intersection of I-80 and I-287. Brixmor owns the shopping center. "This is a prime opportunity that meets Blink's site requirements with its close proximity to Blink's core customer and more than 9.5 million square feet of offices," said Helbling. Blink Fitness, based in New York City, currently has one New Jersey location, in Paramus' Bergen Town Center. Blink Fitness offers a new approach to gyms. Its fast, convenient and affordable, gyms are clean and modern with state-of-the-art cardio and strength machines, easy-to-use workout menus and a friendly, welcoming staff. Each Blink unit has more than150 pieces of Life Fitness and Precor cardio and strength equipment and memberships start at $15 a month. Blink's site requirements include 15,000-20,000 square feet in a grocery or big-box anchored shopping center with heavy vehicular traffic, high visibility and easy access. Blink's layout is flexible with the ability to go to two levels.
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Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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