LA Boxing Opens New Location
in Park Slope
LA Boxing will be opening a
new location in Park Slope, Brooklyn.
Located on the corner of 3rd
Street and Fourth Avenue, LA Boxing will take the entire 6,000-square-foot
second floor of the three-story commercial property at 340 Fourth Avenue.
The deal comes in light of the
fitness franchise’s plans to open nearly 30 gyms in the New York area over the
course of a year and a half, Crain’s reported a year ago. At the start of the
expansion, LA Fitness operated out of one location in Long Island City, Queens.
The gym’s expansion plans seem
to be executing slower than expected as this will only be the fourth location,
in addition to the recently opened gym on John Street in the Financial District
and another in Manhattan Beach, Brooklyn.
Timothy King, managing partner
of CPEX, noted that the retail location received a great deal of the attention
and that the landlord was looking for a quality tenant. Another tenant, Blinds
to Go, will be taking the ground-floor space.
CPEX’s Ryan Condren, Kristina
Triglia and George Danut represented the landlord, a local investor, in the
transaction. The lease was set for 10 years.
“Park Slope is on fire,” added
Mr. King on the commercial and retail market in the area. “Demand is
significantly up in the past few years.”
LA Boxing will be in a short
proximity to Whole Foods, its first Brooklyn location slated to open in late
2013 and a rival to the beloved Park Slope Food Coop. Given the large family
demographic, the slope has welcomed other tenants like the Mozarts and Einsteins
preschool, as The Commercial Observer reported earlier this year.
“The Brooklyn landscape is
seeing the most activity since Moses,” Mr. King further commented. “That’s
Robert Moses, of course.” (Source)
