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City Fitness Signs Leases For 64,066 SF Retail Space With Landlords Asana Partners And The Taurasi Group In Hoboken

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LEASED
Scott Martin
Matt McDonough

New Jersey

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Retail128,132 SF
Leased 01/12/2026
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Property Image
LEASED

City Fitness Signs Leases For 64,066 SF Retail Space With Landlords Asana Partners And The Taurasi Group In Hoboken

1000 Maxwell Lane & 38 Jackson Street

See Similar Deals
Retail128,132 SF
Leased 01/12/2026
Scott Martin
Matt McDonough
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:128,132 SF
Transaction Type:Lease

The retail asset involved in this transaction consists of two lease agreements totaling 64,066 square feet located in Hoboken, New Jersey. The first lease is for 39,066 square feet at 1000 Maxwell Lane, while the second lease encompasses 25,000 square feet at 38 Jackson Street.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 1000 Maxwell Lane & 38 Jackson Street
  • Market: Hoboken
  • Landlord: Asana Partners & The Taurasi Group
  • Tenant: Ken Davies - City Fitness
  • Landlord's Representative: Matt McDonough - JLL
  • Tenant's Representative: Scott Martin - Avison Young

City Fitness is establishing its first locations in New Jersey with these leases, set to open in late 2026. The transaction is poised to enhance the brand's presence in Hoboken's affluent, transit-oriented neighborhoods, aligning with its strategy for high-end wellness experiences.

Players

Scott Martin
Avison Young
Scott Martin
6 deals$45.2M volume
BROKER
Matt McDonough
JLL
Matt McDonough
5 deals(973) 829-4711
BROKER
JLL
JLL
BROKERAGE
Avison Young
Avison Young
BROKERAGE
Asana Partners
Asana Partners
LANDLORD
TG
The Taurasi Group
LANDLORD

Details

LEASED
IMAGE: Ken Davies, Scott Martin & Matt McDonough DATE: 01/12/2026 ADDRESS: 1000 Maxwell Lane & 38 Jackson Street MARKET: Hoboken ASSET TYPE: Retail ~ SF: 64,066 LANDLORD: Asana Partners (@AsanaPartners) & The Taurasi Group TENANT: Ken Davies (@KDavies_citfit) - City Fitness LANDLORD'S REP: Matt McDonough - JLL (@JLL) TENANT'S REP: Scott Martin - Avison Young (@Avison_Young_Global) NOTE: City Fitness signed two leases totaling 64,066 SF in Hoboken, NJ—39,066 SF at 1000 Maxwell Lane with landlord Asana Partners, represented by Matt McDonagh of JLL, and 25,000 SF at 38 Jackson Street with landlord The Taurasi Group—marking its first New Jersey locations, opening late 2026.The deals position the Philadelphia-based fitness brand in Hoboken’s dense, affluent, and transit-oriented neighborhoods, supporting its expansion strategy and focus on high-end, community-focused wellness experiences.

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Deal Type
Effective Rent (Annual)

$7,344,448.92

Total Lease Value

$73,444,489.20

Net Landlord Cash Flow$7,344,448.92