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Peloton Rides into Repositioned West Side HQ
Peloton will relocate its corporate headquarters to a 312,000-square-foot anchor space at Cove Property Group’s redeveloped 441 Ninth Ave., now known as Hudson Commons. Scheduled for occupancy in 2020, the new offices will be six times larger than the indoor bike giant’s current headquarters in Chelsea, and will be located near its recently-announced Peloton Studios flagship space.
“New York City is where Peloton started, and it will continue to be our home as we scale our business globally,” said John Foley, Peloton co-founder and CEO. “For a long time, New York was considered to be an afterthought for tech start-ups, but it’s now the second highest performing startup ecosystem in the world.”
NKF’s Benjamin Birnbaum and Ben Shapiro represented Peloton in negotiations. Cove was represented by the CBRE team of Stephen Siegel, Evan Haskell, Paul Haskin, James Ackerson and Benjamin Joseph. Ownership acquired 441 Ninth in 2016, and undertook a gut renovation.
For comments, questions or concerns, please contact Paul Bubny
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