March 18, 2019
Meridian Retail Leasing, the retail leasing division of Meridian Capital Group, has arranged a long-term lease for GRIT BXNG, a new fitness concept opening at 9 East 16th Street in Manhattan’s Flatiron District. President of New York Retail Leasing, James Famularo, represented the landlord and the tenant in this transaction.
Located between Fifth Avenue and Union Square West, 9 East 16th Street spans more than 3,500 square feet of usable ground-floor space with an additional 2,000 square feet on the lower level. The upscale fitness studio will offer high intensity group classes with boxing discipline at its core with classes led by some of the world’s best fitness instructors carefully chosen for their expertise, knowledge and passion. This week, GRIT BXNG announced a global search is underway for best-in-class, charismatic and motivational trainers who will earn up to $1000/hour.
The distinctive space will feature a dramatic lighting design and million-dollar state-of-the-art sound system; high end facilities including rainforest showers and marble locker rooms and a lively outdoor space. GRIT BXNG was founded by Bill Zanker, who has also built several consumer brands including Great American Backrub and The Learning Annex. He has presented celebrities such as Harrison Ford, P. Diddy, Sarah Jessica Parker, Morgan Freeman, Earvin “Magic” Johnson, Jessica Biel, Bethenny Frankel and many others. Mr. Zanker was awarded the “Excellence in Education” award from PBS, and several of his companies have been on the list of Inc.’s 500 fastest growing companies.
9 East 16th Street is located in Manhattan’s Flatiron District, also known as the “Fitness District,” with the neighborhood being home to more boutique fitness studios and retailers than anywhere else in New York City. Located in central Manhattan, the area is easily accessible via a wide array of transportation options and benefits from a robust residential and workforce population.
Founded in 1991, Meridian Capital Group is America’s most active dealmaker and one of the nation’s leading commercial real estate finance, investment sales and retail leasing advisors. In 2018, Meridian closed over $37 billion in financing through more than 3,500 transactions across more than 250 unique lenders and sold nearly $1 billion in commercial property. Meridian represents many of the world’s leading real estate investors and developers and the company’s expansive platform has specialized practices for a broad array of property types, including office, retail, multifamily, hotel, mixed-use, industrial, and healthcare and senior housing properties. Meridian is headquartered in New York City with offices in New Jersey, Maryland, Illinois, Ohio, Florida and California. www.meridiancapital.com
GRIT BXNG, an innovative new fitness concept, provides high intensity group classes with the boxing discipline at its core. The studio’s mission is to inspire and motivate people to transform their lives and bodies, through its best-in-class trainers teaching GRIT’s unique fitness curriculum at its dynamic new state-of-the-art facility. GRIT’s 5,000 square foot flagship studio will debut in June 2019, located at 9 East 16th Street right off Fifth Avenue in New York.