In a transaction arranged by CBRE, national interactive fitness platform Peloton Interactive has inked a 156,068 sq. ft. industrial lease at 1500 Blair Road in Carteret, New Jersey. The company, which offers cutting-edge workout bikes for indoor cycling as well as other fitness related instruments, will utilize the space as a warehouse/distribution and fulfillment center.
The CBRE team of Scott Belfer and Lou Belfer negotiated the long-term lease transaction on behalf of Peloton Interactive. Additionally, CBRE’s Thomas Monahan, Stephen D’Amato, Larry Schiffenhaus, Anastasia Lazarides, Lauren Griffith and Gerard Monahan represented the building ownership, AEW.“Peloton Interactive needed a state-of-the-art warehouse and distribution facility with convenient access to the New Jersey Turnpike that was also in close proximity to New York City and near a robust labor pool,” said Scott Belfer, Senior Vice President, CBRE. “1500 Blair Road fit our client’s requirements perfectly and its location was a key factor in its decision to commit to a long-term lease for the entire complex.”
Located just minutes from Midtown Manhattan, Newark Liberty International Airport and the Ports of Newark and Elizabeth, 1500 Blair Road features 17 loading docks, 36-foot ceilings, ESFR sprinklers, a secured truck court and parking trailer storage.CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
