20,250 square feet leased in King of Prussia, PA

by: Industrial Investments

 

KING OF PRUSSIA, PA– Industrial Investments, Inc. of Blue Bell, PA, announced today that it has signed long-term leases for 20,250 square feet of flex space to two new tenants, Peloton Interactive Inc. and Ultimate Home Services, LLC. Each will occupy 10,125 SF at the property.  421 Feheley Drive, which is located in the Gulph Mills Industrial Park, is a 50,500 square foot, multi-tenant flex building consisting of five rental units. Following the leases with Peloton Interactive, Inc. and Ultimate Home Services, LLC., the property at 421 Feheley Drive is now fully leased.

This location will serve as a regional distribution hub for Peloton Interactive, Inc, a pioneer in home fitness and digital fitness solutions. Since their founding in 2012, Peloton has brought together top talent to create a world class indoors cycling studio experience that can be enjoyed using their at-home fitness equipment.

Ultimate Home Services is a full-service flooring installation company with 18 office and warehouse locations in Ohio, Indiana, Michigan, West Virginia, Pennsylvania, New Jersey and New York.

John A. Bown, III, Senior Associate of Industrial Investments, Inc., represented the property’s owner in these transactions.  Ultimate Home Services, LLC. was represented in house. Peloton Interactive, Inc. was represented by Len Redeyoff of CBRE, Inc.