Planet Fitness leases Paterson, N.J., lease

Paterson, N.J. — Planet Fitness will open an 18,000-sq.-ft. facility at 100 Hamilton Plaza in Paterson, New Jersey, the facility will occupy the first-floor retail space in the 175,000-sq.-ft. downtown office tower.



Cushman & Wakefield’s East Rutherford, N.J., office represented the building’s owner, Mountain Development Corp. in the transaction. Ripco Real Estate represented the Planet Fitness franchisee, who operates several other regional locations.



Previously occupied by TD Bank, the space was marketed as a 12,200-sq.-ft. availability. While Planet Fitness was attracted to the building, it needed a larger footprint. Cushman & Wakefield worked with Mountain Development Corp. to expand the square footage. By incorporating hallways and surplus storage space, they added 6,000 sq. ft. and satisfied Planet Fitness’s requirements.



The Planet Fitness space currently is under renovation. The health club is expected to open this summer.