From the monthly archives: "April 2010"

Winick Realty Group has been named the exclusive leasing agent for three retail spaces on behalf of Great Atlantic and Pacific Tea Company (A&P). The Montvale, N.J.-based corporation is the umbrella company for A&P, Waldbaum’s, The Food Emporium, Super Fresh, Pathmark and Food Basics. Steven E. Baker, Winick Realty Group co-president, is brokering the three sublet properties with Steven L. Weissmann. The sites are located at 1720 Eastchester Road in the Bronx, 152-59 10th Avenue in Whitestone, Queens, and 42-02 Northern Boulevard in Long Island City, Queens.

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Bank Gets in the Mix

JP Morgan Chase has moved back to its former home at 530 Fifth Avenue, on the northwest corner of 44th Street.

The bank vacated this location in 2008 after merging with Bank of New York and will now use the 6,700 s/f ground floor space, as well as 4,500 s/f on the lower level, as a full-service bank branch, office and vault space.

By returning to 530 Fifth Avenue, JP Morgan chase becomes the latest company to lease space in the area.

Fossil renewed in the building for 15 years and redesigned the entire storefront. Bakers Shoes opened diagonally across the street at 509 Fifth Avenue, as Sunglass Hut and Quiksilver opened a few blocks north.

Winick Realty Group CEO Jeff Winick, Executive Vice President Lori Shabtai and Managing Director Darrell Rubens represented the Moinian Group in this 15-year lease transaction.

David A. Green of Cushman & Wakefield represented JP Morgan Chase.

Winick is currently marketing 22,000 s/f of retail space at 530 Fifth Avenue. ‘We are in talks with many fashion retailers that want to get in the Fifth Avenue mix,” said Rubens.

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JPMorgan Chase inked a 15-year, 11.2k-SF lease at 530 Fifth Ave. for a full-service bank branch, office, and vault space. It is returning to this location after it vacated the space in ’08 during the merger with Bank of New York. Cushman & Wakefield’s David Green repped the tenant, while Winick Realty Group’s Jeff Winick, Lori Shabtai, and Darrell Rubens represented owner Moinian Group.

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JPMorgan Returns to Moinian Tower, Signs for 15 Years

JPMorgan Chase has returned to 530 Fifth Avenue, signing a 15-year lease for the 6,700-square-foot ground-floor space and the 4,500-square-foot lower level. The bank left the location in 2008 after merging with Bank of New York.

Jeff Winick, Lori Shabtai and Darrell Rubens of Winick Realty represented landlord the Moinian Group. David Green of Cushman & Wakefield represented Chase.

Winick is marketing 22,000 square feet of additional retail space at 530 Fifth. “We are in talks with many fashion retailers that want to get in the Fifth Avenue mix,” said Mr. Rubens.

For more, download the full article in PDF

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Columbus Square Nears Completion

As the final merchants and tenants move into the Columbus Square mixed-use development, some longtime residents say the avenue will never be the same.

“I’ve never seen this many people at Columbus in my life,” said Heather La Kor, a shopper at Michaels Arts & Crafts and a former resident of the area. “Is it good for the neighborhood? Yes. But it loses some sense of its authenticity.”

Last Thursday, a new Sephora opened its doors at 88 Columbus Ave., filling one of the few remaining commercial vacancies in the Columbus Square development, a residential and commercial complex between 97th and 100th streets and Columbus and Amsterdam avenues, which is nearly four years into construction.

Kelly Gedinsky of Winick Realty Group, the company in charge of leasing space to businesses in Columbus Square, said that a Duane Reade, Crumbs Bake Shop, and Modell’s Sporting Goods are scheduled to open up this summer. A Borders bookstore and a Chase bank are slated to open up in the fall, along with two private schools, the Solomon Schechter School and the Mandell School.

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Moinian Fills 16,000 s/f of Fifth Avenue Store Space

The Moinian Group has announced two new retail leases totaling over 16,000 s/f at 509 and 530 Fifth Avenue in Midtown Manhattan.

Chase has signed a new long-term lease for 11,260 s/f of space on the ground and lower levels at 530 Fifth Avenue. The financial institution will use the space for a full service bank branch, office and vault space.

Chase will occupy 6,700 s/f on the ground floor and 4,500 s/f on the lower level of 530 Fifth Avenue. Jeff Winick of Winick Realty Group, LLC represented the owner, The Moinian Group, in the transaction. David A. Green of Cushman & Wakefield represented the tenant.

Bakers Footwear, a leading specialty retailer of fashion-forward footwear for style-driven young women has signed a long-term lease for nearly 6,000 s/f of retail space at 509 Fifth Avenue.

The tenant will occupy 3,500 s/f on the ground floor, 1.842 s/f on the lower level and 500 s/f on the mezzanine level of the property.

Kimia Shadrokh of The Moinian Group represented the owner, while Peter Botsaris of Botsaris Morris Realty Group represented the tenant in the transaction.

The Bakers Footwear lease brings 509 Fifth Avenue to 100% occupancy. At 530 Fifth Avenue there is still a total of 22,600 s/f for a big box retailer available with 6,400 s/f on the ground level, 6.700 s/f on the mezzanine level and 9,500 s/f on the lower level.

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