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- September 26, 2019
- Deals, New York, Our Company, Our People
September 26, 2019
Fitness franchise Orangetheory signed a 10-year lease at Tangram, the 1.2-million-square-foot mixed-use project F&T Group and SCG America are developing in Queens’ Flushing neighborhood.
Ripco Real Estate’s Craig Gelberg, Jessie Wang and Evan Schuckman represented Orangetheory, while the project’s ownership was advised by Seth Kessler and Ian Rice of SCG Retail.
“Orangetheory Fitness will significantly fill the current void within the fitness studio market in Flushing,” said Alex Chiu, EVP at F&T. “Boutique fitness spaces provide top-tier and efficient workout experiences for customers within a personalized on-demand program, and we are thrilled to welcome the studio to its new home at Tangram in Downtown Flushing.”
Now nearing completion, Tangram will feature 275,000 square feet of high-end curated retail. It will also offer a Renaissance Hotel, a multi-screen movie theater from Regal Cinemas, a 24,000-square-foot food hall and the neighborhood’s first beer garden.
Original article appeared here.