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It's Official: Every Type of Building is Now a Gym

JTRE Holdings CEO Jack Terzi is taking his newly acquired $21M parking garage in a different direction, converting the 30k SF, three-story Midtown East retail building at 234-240 E 54th St into a health and fitness haven. (Garages and gyms are actually quite similar: We once walked two miles trying to remember where we parked.) He already has two 20-year tenants: Equinox’s discount gym chain Blink Fitness (20,500 SF) and the increasingly popular SoulCycle (4,500 SF). So, who is Terzi’s dream tenant for the remaining 5k SF? He’s hoping for a good juice or salad establishment.

WASHINGTON DC 03.16.2017

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Investing in 2017, Hot Markets, and the Ever-Changing Capital Stack

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