Peloton Interactive has signed on for a 156,068-square-foot industrial lease in Carteret, CBRE announced Nov. 25.
The national interactive fitness platform began occupying the space this past October, using it as a warehouse, distribution and fulfillment center.
The long-term deal was negotiated on behalf of Peloton by CBRE’s Scott Belfer and Lou Belfer. Building owner AEW was represented by CBRE’s Thomas Monahan, Stephen D’Amato, Larry Schiffenhaus, Anastasia Lazarides, Lauren Griffith and Gerard Monahan.
“Peloton Interactive needed a state-of-the-art warehouse and distribution facility with convenient access to the New Jersey Turnpike that was also in close proximity to New York City and near a robust labor pool,” said CBRE Senior Vice President Scott Belfer.
“1500 Blair Road fit our client’s requirements perfectly and its location was a key factor in its decision to commit to a long-term lease for the entire complex,” he added.
CBRE said 1500 Blair Road features 17 loading docks, 36-foot ceilings, ESFR sprinklers and a secured truck court with parking and trailer storage.