V
ibe Fitness, a spinoff of BQE Fitness with locations in Brooklyn and Queens, has secured a large lease at the Vorea Group's new commercial development in Long Island City. The fitness chain will occupy 55,000 square feet across three floors at 10-04 Borden Avenue in Queens, with an initial 10-year lease term. The average asking rent at the complex is $65 per square foot.

    The property, developed by a joint venture between Vorea, Andru Coren and Stratify BCG, was formerly a commuter parking lot. It's situated within the "LIC Triangle," an area defined as south of the Queensboro Bridge and west of the Sunnyside rail yards. Other notable companies, including Compass and The New York Times, have taken space in Vorea's Long Island City campus since 2019.

    The deal was brokered by Adam Joly and Rachel Cohen of Igloo, Vorea's commercial leasing arm, for the landlord. George Maragonis and James Tack of Pinnacle Realty represented the tenant, while Constantine Hrisikos of New York Squared Real Estate Group also worked on the transaction. The property will feature two terraces and a cafe in addition to gym equipment and studios.