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New York & Tri-State  + Uptown/Bronx  + Retail  | 

CycleBar, Pure Barre Backfill Upper East Side Space Vacated by Flywheel

Providing more evidence that in-person fitness classes are continuing their post-COVID-19 comeback, The Feil Organization has signed CycleBar and Pure Barre to a 10-year lease at its 1151 Third Ave. retail building on Manhattan’s Upper East Side. Both concepts are owned by Xponential Fitness.

The 5,300-square-foot lease, which brings 1151 Third to 100% occupancy, comprises the entire second and third floors of the boutique building, which has a dedicated entrance and elevator for fitness tenants. The space previously was occupied by Flywheel, which permanently closed all of its studios through Chapter 7 bankruptcy. 

The Feil Organization and the new tenant worked together closely to prompt a rejection of Flywheel’s lease, expediting the new agreement, said Nick Dries, director of commercial leasing at The Feil Organization.

“The COVID-19 pandemic affected the retail market unevenly; nevertheless, New York City is making a strong comeback and once again proving its resiliency,” said Dries.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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