Planet Fitness Leases 15,599 Square Feet At 50 Paseos Drive Brooklyn For 10-Year Term

The property involved in this transaction is a retail asset located at 50 Paseos Drive in Brooklyn, featuring a lease of 15,599 square feet. This location will serve as the 14th Planet Fitness gym in Brooklyn and is part of the Paseo on Fifth development, which also includes CVS, Lidl, and Wells Fargo.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Lease Term: 10-year lease
• Address: 50 Paseos Drive
• Market: Brooklyn
• Landlord: William Macklowe Company & GreenBarn Investment Group
• Tenant: Colleen Keating - Planet Fitness
• Landlord's Representative: Jason Pennington, Alex Beard & Benjamin Weiner - Ripco
• Tenant's Representatives: Dean Rosenzweig, Jeremy Scholder & Chris Betting - CBRE; Lauren Dressler - Oak Place Partners

This transaction sees Colleen Keating representing Planet Fitness, while the landlord is represented by Jason Pennington, Alex Beard, and Benjamin Weiner from Ripco. The representation for the tenant also includes Dean Rosenzweig, Jeremy Scholder, and Chris Betting from CBRE, along with Lauren Dressler from Oak Place Partners.