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

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.