BROOKLYN, NY – December 2025 — HPL Fitness (Crossfit) has signed a 10 year lease totaling 4,621 SF below grade at 430 Albee Square in Downtown Brooklyn. Verada Retail represented the tenant in the transaction, with Brendan Thrapp leading the deal on behalf of HPL Fitness. Cushman and Wakefield represented the building ownership.
A Strategic Below Grade Opportunity in Downtown Brooklyn
The lease encompasses 4,621 SF of below grade space and was executed on December 8, 2025. The space was initially marketed at an asking rent of $65 PSF. Located within a dense, transit oriented section of Downtown Brooklyn, the property offered a rare opportunity for a fitness tenant to secure long term space in a high traffic, amenity rich environment.
For more information about the property visit StreetEasy
Expanding Fitness Offerings in a Dense Urban Core
HPL Fitness selected the location to establish a presence in one of Brooklyn’s most active neighborhoods. The below grade layout allows for a focused training environment while benefiting from proximity to major residential developments, office buildings, and multiple subway lines, making it easily accessible for members throughout the borough.
Discover more about HPL Fitness at www.hpltraining.com
Downtown Brooklyn Remains a Hub for Experience Driven Tenants
Downtown Brooklyn continues to attract fitness, wellness, and experiential concepts drawn by its dense population, strong daytime activity, and unmatched transit connectivity. With ongoing development and a growing residential base, the neighborhood remains a prime destination for tenants seeking long term positioning in a high demand market.
Learn more about the neighborhood here!
Representation and Collaboration
The transaction was brokered by Brendan Thrapp of Verada Retail, who represented the tenant, HPL Fitness. Cushman and Wakefield represented the building ownership in the transaction.
“Downtown Brooklyn continues to support fitness tenants due to its residential density, office presence, and transit access,” said Brendan Thrapp of Verada Retail. “Those fundamentals made this location a sound choice for HPL Fitness.”
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