{"id":1004098445,"date":"2014-06-13T12:07:31","date_gmt":"2014-06-13T20:07:31","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=269070"},"modified":"2020-05-21T22:14:58","modified_gmt":"2020-05-22T06:14:58","slug":"high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/","title":{"rendered":"High-Tech Fitness Company Peloton to Relocate into New HQ in Midtown South"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<div id=\"attachment_269071\" class=\"wp-caption alignright\" style=\"width: 209px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/06\/158-W-27th-Street.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-269071\" title=\"158 W 27th Street\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/06\/158-W-27th-Street.jpg\" alt=\"158 W 27th Street\" width=\"199\" height=\"300\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">158 W 27th Street<\/p>\n<\/div>\n<p style=\"text-align: justify;\">Peloton Interactive, a fast-growing high-tech fitness company that was founded in 2012, will soon leave its current address at 227 West 29<sup>th<\/sup> Street in Manhattan and move into a new world headquarters in Midtown South.<\/p>\n<p style=\"text-align: justify;\">The announcement was made by Cushman &amp; Wakefield, which represented landlord Emmes Asset Management in a lease agreement involving 9,661 square feet of space in a 12-story office building located in Midtown South. Peloton will occupy the entire fourth floor of the century-old building at 158 West 27<sup>th<\/sup> Street, and the landlord agreed to fit the space in order to meet the company\u2019s business needs.<\/p>\n<p style=\"text-align: justify;\">\u201cWe partnered with Emmes because of their reputation as a professional landlord who cares about their tenants\u2019 happiness,\u201d said John Foley, CEO of Peloton. \u201cWhile the market is tight, we saw a lot of nice properties and ended up opting to go with the landlord with the best reputation. Together with Emmes and our architect Andy Bernheimer, we are going to make this space one of the coolest technology office spaces in Manhattan,\u201d he added.<\/p>\n<p style=\"text-align: justify;\">Emmes Asset Management currently owns approximately $1.6 billion in assets under management in  19 states, including multifamily, office and retail properties. The company took over the 116,000-square-foot building at 158 West 27<sup>th<\/sup> Street in early 2013. As reported by <em><a title=\"Crain's New York Business\" href=\"https:\/\/www.crainsnewyork.com\/article\/20130131\/REAL_ESTATE\/130139974?__hstc=109812634.b644ddda0aa61491a58a28c4f8abba5a.1394797770522.1402666627352.1402672418066.37&amp;__hssc=109812634.1.1402672418066&amp;__hsfp=741963674\" rel=\"nofollow\">Crain\u2019s New York Business<\/a>, <\/em>Emmes paid $57.5 million for the property, which is more than double the price paid for the same asset by real estate investors Stephen Meringoff and Leslie Himmel back in 2010.<\/p>\n<p style=\"text-align: justify;\">Peloton, which recently opened a spinning studio in Chelsea, is expected to relocate into the new headquarters within a month.<\/p>\n<p style=\"text-align: justify;\"><a title=\"NYC Vacancy Rates Still Tight as High-Tech and Hospitality Companies Fuel Job Growth\" href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-nyc-vacancy-rates-still-tight-as-high-tech-and-hospitality-companies-fuel-job-growth\/1004101118.html\" rel=\"nofollow\"><strong>Click here<\/strong><\/a> for more market data on <strong>New York City<\/strong>.<\/p>\n<p style=\"text-align: justify;\"><em>Image via <a title=\"PropertyShark\" href=\"https:\/\/www.propertyshark.com\/\" rel=\"nofollow\">PropertyShark<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peloton Interactive, a fast- growing high-tech fitness company that was founded in 2012, will soon leave  its current address at 227 West 29th Street and move into new world headquarters in Manhattan.<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,21742],"tags":[],"class_list":["post-1004098445","post","type-post","status-publish","format-standard","hentry","category-new-york","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>High-Tech Fitness Company Peloton to Relocate into New HQ in Midtown South - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"High-Tech Fitness Company Peloton to Relocate into New HQ in Midtown South\" \/>\n<meta property=\"og:description\" content=\"Peloton Interactive, a fast- growing high-tech fitness company that was founded in 2012, will soon leave its current address at 227 West 29th Street and move into new world headquarters in Manhattan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-06-13T20:07:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-22T06:14:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/06\/158-W-27th-Street.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"High-Tech Fitness Company Peloton to Relocate into New HQ in Midtown South\",\"datePublished\":\"2014-06-13T20:07:31+00:00\",\"dateModified\":\"2020-05-22T06:14:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\\\/\"},\"wordCount\":294,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/06\\\/158-W-27th-Street.jpg\",\"articleSection\":[\"New York\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\\\/\",\"name\":\"High-Tech Fitness Company Peloton to Relocate into New HQ in Midtown South - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/06\\\/158-W-27th-Street.jpg\",\"datePublished\":\"2014-06-13T20:07:31+00:00\",\"dateModified\":\"2020-05-22T06:14:58+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/06\\\/158-W-27th-Street.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/06\\\/158-W-27th-Street.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"High-Tech Fitness Company Peloton to Relocate into New HQ in Midtown South\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\",\"name\":\"Veronica Grecu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/04\\\/Veronica_Grecu.jpg?w=93\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/04\\\/Veronica_Grecu.jpg?w=93\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/04\\\/Veronica_Grecu.jpg?w=93\",\"caption\":\"Veronica Grecu\"},\"description\":\"Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.\",\"sameAs\":[\"https:\\\/\\\/x.com\\\/@VeraGrecu\"],\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/veronica\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"High-Tech Fitness Company Peloton to Relocate into New HQ in Midtown South - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/","og_locale":"en_US","og_type":"article","og_title":"High-Tech Fitness Company Peloton to Relocate into New HQ in Midtown South","og_description":"Peloton Interactive, a fast- growing high-tech fitness company that was founded in 2012, will soon leave its current address at 227 West 29th Street and move into new world headquarters in Manhattan.","og_url":"https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-06-13T20:07:31+00:00","article_modified_time":"2020-05-22T06:14:58+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/06\/158-W-27th-Street.jpg","type":"","width":"","height":""}],"author":"Veronica Grecu","twitter_card":"summary_large_image","twitter_creator":"@VeraGrecu","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/"},"author":{"name":"Veronica Grecu","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62"},"headline":"High-Tech Fitness Company Peloton to Relocate into New HQ in Midtown South","datePublished":"2014-06-13T20:07:31+00:00","dateModified":"2020-05-22T06:14:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/"},"wordCount":294,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/06\/158-W-27th-Street.jpg","articleSection":["New York","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/","url":"https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/","name":"High-Tech Fitness Company Peloton to Relocate into New HQ in Midtown South - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/06\/158-W-27th-Street.jpg","datePublished":"2014-06-13T20:07:31+00:00","dateModified":"2020-05-22T06:14:58+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/06\/158-W-27th-Street.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/06\/158-W-27th-Street.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/high-tech-fitness-company-peloton-to-relocate-into-new-hq-in-midtown-south\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"High-Tech Fitness Company Peloton to Relocate into New HQ in Midtown South"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62","name":"Veronica Grecu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","caption":"Veronica Grecu"},"description":"Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.","sameAs":["https:\/\/x.com\/@VeraGrecu"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/veronica\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004098445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/258"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004098445"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004098445\/revisions"}],"predecessor-version":[{"id":1004450458,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004098445\/revisions\/1004450458"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004098445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004098445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004098445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}