Vital Climbing Gym, a California boulder gym chain, is moving onto the East Coast with a deal for an entire Brooklyn warehouse, according to the RealDeal.
The San Diego-based company signed a 15-year triple-net lease for a 31,000-square-foot industrial property at Cayuga Capital Management’s 1 Nassau Avenue, located at the Williamsburg-Greenpoint border, the firm told The Real Deal.
Vital plans to build out the total space to as much as 46,000 square feet, utilizing the rooftop and ground-floor outdoor space. The 24-hour, full-service gym is expected to open by summer 2019. The asking rent was $110 per square foot.
Vital is known for their small, hand-crafted, boutique style bouldering gyms. This will be the largest facility for the company.
The one-story property was built in the 1910s and was formerly home to metal manufacturer Nash Metalware Company.
“The building is spectacularly underutilized,” said Vital co-founder David Sacher. “It’s really run down and we can do something cool with it.”
The deal marks Vital’s first location outside of California and Washington state. There are outposts in Oceanside, Murrieta and Carlsbad in California and Bellingham, Washington.
Sacher told CBJ, “We’re really excited to become part of the New York climbing community. The neighborhood is vibrant, creative and active. We’re going to build a gym that embraces that energy. It is a perfect fit for our next location.”
Climbing Business Journal is an independent news outlet dedicated to covering the indoor climbing industry. Here you will find the latest coverage of climbing industry news, gym developments, industry best practices, risk management, climbing competitions, youth coaching and routesetting. Have an article idea? CBJ loves to hear from readers like you!
