When Capricorn began working with Padel Haus in early 2022, the brand had no open locations and padel was still largely unknown in the United States. The difficulties of spearheading real estate strategy for them were twofold. First, the physical structure requirements were incredibly difficult: extremely high ceilings, wide column spacing, and large square footage, all in a well-populated area. But perhaps even more strenuous was the novelty of the concept. Landlords were loathe to make a 10+ year commitment to a company offering a sport that they had never heard of, or worse, confused with a different sport. That is where Capricorn really shined.

Capricorn used their experience as former landlords to properly explain the business case of leasing to Padel Haus. Further, Capricorn’s national experience opened a much wider net of opportunities to Padel Haus than only focusing in New York City. Working all these angles, Padel Haus was able to open their second location in Brooklyn, Padel Haus DUMBO, to much success, and then follow it up quickly with a deal in Nashville. That momentum then carried the brand into a third NYC location, plus Atlanta, Denver, and Dallas.

The crown jewel of Capricorn’s work with Padel Haus is the Greenpoint location at 12 Berry Street in Brooklyn. The highly complex, ground-up, build-to-suit deal required careful negotiation to create a property designed around the specific needs of the sport, while balancing the landlord’s development costs with the necessary rent and guarantees. Successfully opened in 2026, the 30’+ ceiling heights set the standard for New York City, and the overall quality of the club makes it one of the best in the country. It is now a preferred destination for major padel tournaments, including the 2026 US Open.

What began as a search for one or two locations within New York City grew into a nationwide real estate strategy. Today Padel Haus has seven locations across five major U.S. cities. Capricorn’s ability to anticipate growth needs, and then execute, helped to establish Padel Haus as the premier padel operator in the USA.