From the monthly archives: "July 2010"

Petco Deal Completes Big Box Leasing at Columbus Square

Winick Realty Group LLC announces that Petco has leased the last remaining big-box retail space at Columbus Square. Petco, the family-friendly pet supply store with more than 1,000 stores in 50 states and the District of Columbia, will occupy 20,117 square feet of retail space at 805 Columbus Avenue. Winick Realty Group LLC’s Lori Shabtai, executive vice president, and Kelly Gedinsky, associate director, represented the landlord, while Petco was represented by Ripco Realty.

“Even though Petco already has a store on 92nd Street and Broadway, the strong foot traffic and high volumes retailers are reporting at Columbus Square convinced the brand to sign a lease only blocks away,” explained Gedinsky. “The move gives neighborhood families yet another destination at Columbus Square for their everyday needs. The complex’s close proximity to Central Park has brought more families and their pets to an already pet-friendly neighborhood. In fact,” Gedinsky continued, “prior to the Petco lease ownership had entertained a dog run behind 808 Columbus Avenue.”

Petco takes possession of the space on September 1st for the 20,117-square-foot store, located on 99th Street and Columbus Avenue across the street from the child-friendly Michael’s Arts and Crafts, Sephora and TJ Maxx. Winick Realty Group LLC is now focusing its leasing efforts on the remaining smaller spaces, which range from 2,700 to 8,000 square feet. “The goal is to round out the needs of the community. We are looking for users to compliment the tenants already in the complex, as well as those that will enrich the neighborhood further,” said Gedinsky, whose company received 2008’s Retail Deal of the Year award for most significantly benefiting Manhattan with this project.

When Winick Realty Group LLC began preleasing the project, there was an overwhelming 350,000 square feet of brand new retail space coming available. Winick Realty Group LLC focused their efforts on leasing the largest spaces first, enabling them to bring an incredibly strong tenant mix to the Upper West Side. Petco will join the likes of Whole Foods, The Mandell School, the Solomon Schechter School, CRUMBS, Modell’s Sporting Goods, Whole Foods Liquor, Michael’s Arts and Crafts, Sephora, TJ Maxx, Chase Manhattan Bank, Bank of America, Associated Supermarket, the Ryan Center, and Borders Books.

For more, download the full article in PDF

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NUTRITIOUS DEAL IN VILLAGE

Sportlander, the Spain-based sports nutrition retailer, signed a lease for its first New York City location. The retailer has opened a 650 sf store at 496 La Guardia Place, between Bleecker Street and West Houston Street in the heart of Greenwich Village.

Sportlander was represented by Alex Chasin of Conquest Advisors while Winick Realty Group’s Joseph Isa represented the building owner in this long-term lease transaction.

For more, download the full article in PDF

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Pastry Shop Rising to the Occasion

Financier Patisserie—Peter Poulakakos’ pastry shop specializing in French pastries, espresso, coffee and savory dishes—leased its seventh location at 2 Astor Place.

The 1,000 s/f site, located just off the corner of Astor Place and Broadway, had previously been occupied by Cold Stone Creamery.

Winick Realty Group senior managing director Darrell Rubens (right) and Annie Shinn acted as the exclusive leasing agents for Financier. As the brand’s exclusive agents for the last three years, Rubens and Shinn brought Financier to First Avenue and 54th Street, as well as 48th Street and Avenue of the Americas.

They currently have additional leases out for Financier and are actively looking for more 800 to 2,000 s/f locations throughout Manhattan.

Paul Berkman and Davi Berke of Newmark Knight Frank represented the landlord in this 10-year lease transaction.

For more, download the full article in PDF

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Petco Deal Completes Big Box Leasing at Columbus Sq.

Winick now focusing on filling small spaces

Winick Realty Group LLC announced that Petco has leased the last remaining big-box retail space at Columbus Square.

Petco, the family-friendly pet supply store with more than 1,000 stores in 50 states and the District of Columbia, will occupy 20,117 s/f of retail space at 805 Columbus Avenue.

Winick Realty Group LLC’s Lori Shabtai, executive vice president, and Kelly Gedinsky, associate director, represented the landlord, while Petco was represented by Ripco Realty.

“Even though Petco already has a store on 92nd Street and Broadway, the strong foot traffic and high volumes retailers are reporting at Columbus Square convinced the brand to sign a lease only blocks away,” explained Gedinsky.

“The move gives neighborhood families yet another destination at Columbus Square for their everyday needs. The complex’s close proximity to Central Park has brought more families and their pets to an already pet-friendly neighborhood,” said Gedinsky, noting that, prior to the Petco lease, ownership had entertained a dog run behind 808 Columbus Avenue.

Petco takes possession of the space on September 1. Located on 99th Street and Columbus Avenue, it is situated across the street from the child-friendly Michael’s Arts and Crafts, Sephora and TJ Maxx.

Winick Realty Group is now focusing its leasing efforts on the remaining smaller spaces, which range from 2,700 to 8,000 s/f.

“The goal is to round out the needs of the community. We are looking for users to compliment the tenants already in the complex, as well as those that will enrich the neighborhood further,” said Gedinsky, whose company received 2008’s Retail Deal of the Year award for most significantly benefiting Manhattan with this project.

When Winick began pre-leasing the project, there was 350,000 s/f of brand new retail space coming available. The brokerage focused its efforts on leasing the largest spaces first, enabling it to bring a strong tenant mix to the Upper West Side.

Petco will join the likes of Whole Foods, CRUMBS, Modell’s Sporting Goods, Whole Foods Liquor, Chase Manhattan Bank, Bank of America, Associated Supermarket, the Ryan Center, and Borders Books.

For more, download the full article in PDF

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WHO’S NEWS

Winick Realty Group LLC announced that six of its most accomplished brokers have been promoted. The new titles signify the following individuals’ continued hard work and top sales performance within the company:

Steven E. Baker now serves as president of Winick Realty Group LLC, where he has also been made partner.

Since joining the company in 2000, Baker has negotiated numerous transactions on behalf of prominent retailers including AT&T, Duane Reade, Payless ShoeSource, Mario Batali Restaurants and City University of New York.

He has also represented such property owners as The Related Companies, The Durst Organization, The Brodsky Organization, Chatham Development, TF Cornerstone, The Stahl Organization, The Great Atlantic and Pacific Tea Company and Abington Holdings.

Joseph Isa has been promoted to senior managing director. A licensed real estate salesperson in New York, Florida, Illinois and Indiana, Isa handled commercial sales and leasing in Chicago prior to joining Winick in 2006. Since that time, Isa has been involved in retail transactions totaling more than $60 million in gross rent.

Cosmo Montemurro, a Winick Realty Group LLC broker since 2006, is one of the company’s newest directors. Montemurro has been involved in property management, construction, residential leasing, acquisitions and retail leasing. He specializes in both owner and tenant representation in Manhattan and retail markets throughout Metro New York.

Jamie Rogers has been promoted to director after joining Winick Realty Group LLC in 2008. The CoStar Power Broker is the exclusive broker for health-conscious fast-casual restaurant chain Energy Kitchen. In addition, he has represented both tenants and landlords in transactions throughout New York City, including Pan Brothers and Associates, MB Realty and Sakele Brothers.

Richard Smith has been with Winick Realty Group LLC since 2008, bringing with him an extensive business background. He ran a successful fabric company in the Garment District for many years before taking an interest in retail real estate.

Smith focuses his real estate efforts on the borough of Manhattan and has completed deals in every neighborhood.

Monica Kass, a newly-named director at Winick Realty Group LLC, has primarily focused on luxury and brand retail since joining the company in 2006. She has brokered leases for the Empire Room at the Empire State Building, as well as local, national and international tenants and owners, including the Moinian Group, Chetrit Group, Centaur Properties, See Eyewear Volcom, Espace, and Kushner Properties.

For more, download the full article in PDF

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Promotions

WINICK REALTY GROUP, LLC
(NEW YORK CITY) Winick Realty Group is promoting brokers Steven E. Baker to president and Joseph Isa to senior managing director.

For more, download the full article in PDF

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