January 10, 2022 9:00 AM
Newmark announces a new 5,399-square-foot lease for Club Champion at 220 East 42nd Street. The new space will serve as the brand’s New York City flagship in the SL Green-owned building between 2nd Avenue & 3rd Avenue. Newmark’s Vice Chairman Ariel Schuster and Associate Director Mitch Heifetz represented the tenant, while Senior Managing Director Ross Berkowitz and Associate Director Jason Wecker represented ownership.
Club Champion is a premium golf club fitting concept specializing in custom-fitted, hand-built golf equipment from the best brands in golf. Their new flagship will be in the Grand Central shopping district along 42nd Street. The lease spans 4,372 square feet on the ground floor and 1,027 square feet on the lower level. The new space offers 90 feet of frontage along 42nd Street. The flagship is expected to be open to the public by early 2022.
“We are very excited to bring the finest club fitting and building to the heart of New York City,” said Adam Levy, Club Champion CEO. “This new location will represent the future of the Club Champion brand and will be the next step in elevating our industry.”
220 East 42nd Street is a 37-story art-deco skyscraper owned by SL Green known as The News Building, located along the southern block of 42nd Street between Second and Third Avenues. The property is steps away from SL Green’s One Vanderbilt Avenue (Midtown’s newest office tower), The Chrysler Building, and Grand Central Terminal, with 21.6M annual visitors and 50.1M transit riders.
“This is a great location for Club Champion as it puts the brand right in the heart of the Grand Central shopping district where a lot of their targeted audience is present,” said Heifetz. “Their flagship lease proves that retailers are committing to Midtown and believe in the resilience of the NYC market.”
About Club Champion
Established in 2010, Club Champion is a national club fitting and building company headquartered in Chicago, IL. There are currently more than 85 Club Champion fitting studios in major markets across the country, with plans to expand further in 2022. The studios carry all the top golf club, shaft and grip manufacturers in the industry, which are used to build test clubs in real-time. Studios are equipped with advanced analysis technology, along with highly trained certified fitters and builders who must complete an extensive training program. Services include club fitting and building, repair services, personalization, and highly engaging corporate and personal entertainment events. For more information about Club Champion, visit www.clubchampiongolf.com
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. Newmark’s company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.