Richmond, Calif. (July 23, 2019) – Colliers International announced today the lease of, a ±27,000 square foot industrial warehouse/distribution facility located at 2500 Atlas Road in Richmond, CA.
The facility is owned and managed by Global Logistics Properties. It was leased to Peloton Interactive, an American exercise equipment and media company based in New York City. Its main product is a luxury stationary bicycle that allows users to stream spinning classes for the company’s fitness studio through a monthly subscription service.
The ±27,000 SF warehouse space features ±3,600 square feet of office space, 30’ clear height, 7 dock-high doors, 1 grade level door, skylights and sprinklers throughout, and it is located at the intersection of Atlas and Giant Hwy. 2500 Atlas Road offers premium access to interstates I-80 and I-580 as it is central in the Richmond industrial market. The property is located at the base of Pinole Point Regional Shoreline and is across the street from the Richmond Country Club.
Peloton is a “smart bike,” combining a single wheel exercise bike similar to those used for various branded programs like Spinning, Flywheel or Soul Cycle type classes, with cutting edge technology. It comes with a 21.5 inch Wi-Fi enabled 1080 High Definition flat screen monitor above the handlebars. It uses your home WiFi to stream both “live” classes from its physical NYC studio in real time, and an unbelievable treasure trove of past classes on-demand, there are more than three thousands of them. Peloton is critically acclaimed by Men’s Health, Forbes and the New York Times, who applaud Peloton for its state-of-the-art technological features and user-friendly product.
Greig Lagomarsino, SIOR, and Todd Severson, SIOR, of Colliers International Oakland office represented the Landlord, while Austin Hinder of CBRE represented the Tenant in the transaction.About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 12,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20 billion of assets under management from the world’s most respected institutional real estate investors.
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