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RKF Arranges Plaza District Lease for NOVA Fitness for its Second New York City Studio

07.02.18

NEW YORK —RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, announced today that it has secured a 3,520-square-foot space for NOVA Fitness at 551 Madison Avenue. This will be the boutique fitness studio’s second location and is expected to open this summer.

RKF Director Michael Paster represented NOVA Fitness in the transaction. The landlord, Lexin Capital LLC, was represented in-house.

Nova Fitness will be located on the third floor of 551 Madison Avenue. The 150,000-square-foot, 17-story building is on the northeast corner of Madison Avenue and East 55th Street in the Plaza District. The thriving retail, office and residential neighborhood is near iconic New York hotels such as The St. Regis and Four Seasons Hotel.

NOVA Fitness has designed a unique program for combining cutting-edge technology—electric muscle stimulation—with top-tier personal trainers to provide customized, efficient, and intense workouts. In December 2017, RKF represented Nova Fitness in the lease for its first location, which is scheduled to open this summer at 249 Church Street in Tribeca.

“The studio and its forward-thinking fitness concept will make a great addition the Plaza District, an area that has seen strong growth in recent years,” said Paster. “Health and wellness is a huge retail and lifestyle driver today, and we now are seeing more like-minded tenants congregating near one another in areas like the Plaza District.”

About RKF
The leading independent real estate firm in North America specializing in retail leasing, investment sales and consulting services, RKF serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and dispositions. With approximately $40 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, San Francisco, Tokyo and Toronto. RKF operates in Canada as RKF Group Canada Realty, a retail brokerage.

RKF’s New York City office is located at 521 Fifth Avenue, Floor 7, New York, NY 10175.
T: 212.599.3700. www.rkf.com

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