NEW YORK CITY—Normandy Real Estate Partners has inked a lease with Peloton at 125 W. 25th St., in the Chelsea section of Midtown South.
The technology enabled at-home fitness provider of live and on-demand instructor-led classes has agreed to take 40,748 square feet of space—spread across the top four floors of this 12-story Class A office tower—as its new world headquarters.
JLL is exclusive leasing agent for 125 W 25 St.; vice chairmen Mitchell Konsker, Matthew Astrachan and VP Adam Haber handled the transaction. Peloton was represented by Ben Shapiro and Benjamin Birnbaum from Newmark Grubb Knight Frank.
"Peloton has taken indoor exercise to new heights, and we're pleased to offer this dynamic team a vibrant new space that, aesthetically and with its sustainable design, is compatible with Peloton's mission and commitment to creating engaging experiences and social connection," says Paul Teti, principal of Normandy.
"With creative and technologically inspired tenants like Peloton in mind, Normandy committed over $20 million to a capital redevelopment program which reconfigured the building's core to maximize efficiency, within the framework of LEED Gold Certification for sustainability."
The building features above standard slab-to-slab heights and other design characteristics meant to optimize the space. Its floorplates are designed to be flexible and efficient for high-density open plans, according to Normandy. is convenient to shopping, dining, and transportation, and just a short walk from four of New York's main subway lines.
"We are excited to relocate to Normandy's newly renovated property in Chelsea," says John Foley, CEO and founder of Peloton. "The open, trading floor style layout on each floor architecturally mirrors our fun, open company culture and flat organization. The indoor/outdoor penthouse—complete with a gym, a full bar, ping pong and pool tables—will exclusively be used for employee entertainment and hosting some of New York's top tech community events."
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
