From the monthly archives: "April 2012"

Winick Realty Group LLC Leases Second Location for American Icon

Hal Shapiro is a broker at Winick Realty GroupAmerican Icon—the decade-old brand that sells clothing and other paraphernalia celebrating the American West—has signed a lease for its second Manhattan location at 277 Fifth Avenue, between 29th and 30th Streets.

American Icon’s new 2,300-square-foot store features 23 feet of frontage on Fifth Avenue and flagpole signage that’s visible along Fifth Avenue from Flatiron to the Empire State Building, which is situated just blocks from the site. The store—which includes ground-floor selling space and an additional 1,000 square feet of storage on the lower level—is located in one of the most heavily-trafficked areas of the city and is surrounded by co-tenants including Starbucks, Jamba Juice and Ben Jacks Steakhouse.

Winick Realty Group LLC Managing Director Hal Shapiro represented both the tenant and landlord Mirsal, LLC in this long-term lease transaction.

For more, download the full article in PDF

Mann Report – April 2012 – Winick Realty Group LLC Leases Second Location for American Icon

Real Estate Weekly

Roosevelt Island Main Street Getting a Makeover

Hudson Related Retail LLC, a joint venture between The Hudson Companies and Related Companies, announced new retail leases, architectural and streetscape improvements, and lease renewals that will revitalize the Main Street retail corridor and bring new amenities to Roosevelt Island.

As part of the retail makeover, Island Spirits, a new wine and liquor store, will open at 605 Main Street. The Island has been without a wine store for several years.

Wholesome Direct, a gourmet and organic natural food market will open at 530 Main Street along with Europan Bakery Café, while other new tenants will include Subway Sandwich and The Child School, a 7,000 s/f fine arts center.

Trellis Diner, a Roosevelt Island institution, is renewing its lease for 10 years and planning a renovation while Gallery RIVAA will also stay.

Hudson Related and the New York Public Library have been pursuing capital funding necessary to create a new, state-of-the-art library branch on the ground floor of 504 Main Street.

And the leasing team has been receiving offers for additional stores such as ice cream/candy, restaurants, florists and green desk office leasing.

The partners also hope to attract a pet store operator to the island as well as a frozen yogurt place.

Hal Shapiro, a managing director at Winick Realty, has been responsible for most of the leasing efforts on behalf of Hudson/Related: “The revitalization of the Shops on Main will bring a new energy to Roosevelt Island for the residents, tourists and workers.”

For more, download the full article in PDF

rew_042512_roosevelt island main street getting a makeover

Retail space in Artimus rental tower now available for lease 
At least 23,000 square feet of retail space in an under-construction residential tower at 320 Eighth Avenue is now on the market, according to a statement today from Winick Realty, the exclusive marketer for the space. Located at 26th Street in Chelsea, the property includes 18,000 square feet of ground floor space asking $95 per square foot, while a 5,000-square-foot basement space is asking $40 per square foot.

Alex Hill, one the property’s exclusive brokers, said the basement space could be expanded to as much as 18,000 square feet. The ground floor and basement spaces could be rented together or separately and would work well for a gourmet supermarket, he said.

Hill added that such large retail spaces rarely become available in Chelsea.

The available retail is located in a new residential building that will rise 12 stories upon its completion. The project, which is constructed up to the sixth floor as of now, will offer 207 studio, one-bedroom and two-bedroom rental apartments and was developed by a joint venture of the property owner — 260 West 26th Street LLC — and Artimus Development. Artimus’ other projects include Fifth on the Park, the Harlem condominium that saw a closely-watched landmark Interstate Land Sales Full Disclosure Act case in 2010.

The ground floor retail space offers 200 feet of frontage on Eighth Avenue and a loading dock. Hill indicated that the basement space has 12-foot ceilings, making it viable as commercial space. He also said the ground floor space could be carved up to house more than one user.

Hill said that there were numerous “fitness users,” interested in the space and at least one gourmet market.

For more, download the full article in PDF

THE REAL DEAL_041312_Retail space in Artimus rental tower now available for lease

Child Care Center Leases Space at 175 Kent Ave.

Winick Realty Group LLC reports that Bright Horizons, a brand of internationally recognized child care centers, has leased its first Brooklyn location in a brand-new residential building at 175 Kent Ave., between North Third and North Fourth streets in  Williamsburg.

The Watertown, Mass.-based company, operating in the U.S., Europe and Canada, also serves as the daycare provider for Chase Bank and has frequently been the only child care organization named by Fortune magazine on its list of the “100 Best Companies to Work for in America.”

The child care center, which will open in 2013, will occupy 2,484 square feet on the ground floor, as well as 18,228 square feet on the lower level, according to Diana Boutross, senior managing director at Winick, who represented landlord The Chetrit Group in this 15-year lease transaction along with Lori Shabtai, executive vice president at Winick.

Bright Horizons was represented by Peter Occhi and Michael Hofmann of Cassidy Turley.

In addition to being at the base of a residential building — with 113 rental units in its seven stories, the Bright Horizons space will be across the street from another rental building and only a few blocks away from a park, noted Boutross, making it a perfect location for a child care center.

“We had a lot of interest in the space, but the landlord wanted to wait for the right tenant and the right use,” she said. “With so many young families moving into the area in recent years, an amenity of this kind will be an amazing addition to Kent Avenue and to Williamsburg.”

For more, download the full article in PDF

Brooklyn Daily Eagle-040912-Child Care Center Leases Space at 175 Kent Ave.


Party City Subleases New York Store from Duane Reade

Party City Corp. subleased 11,825 sq. ft. of space from Duane Reade at 223 West 34th Street in New York City. The new store will open in the second quarter of 2012. Matt J. Ogle and Patrick A. Smith, of SRS Real Estate Partners, represented Party City in the transaction. Jeff Winick, Ann LaCentra and Josh Siegleman, of Winick Realty, represented Duane Reade.

For more, download the full article in PDF

Retail Traffic_043012_Party City Subleases New York Store from Duane Reade

New York Observer

A Party (City) Is A-Comin’ to Duane Reade’s Penn Station Store

Cold medicine is set to be replaced with party supplies near Penn Station.

Party City will be taking over Duane Reade at 223 West 34th Street and opening shop in the second quarter of 2012.

The party goods industry leader and subsidy of Amscan Holdings, Inc., Party City Corporation, will be opening its second Manhattan location. An the company appears to favor transportation hubs: their first store on 14th Street between 5th and 6th Avenue is near the L train and almost all major subway lines. The new store at 223 West 34th Street will be located directly across from Penn Station.

All told, the store will operate out of 11,685 square feet of prime retail real estate.

Matt Ogle and Patrick Smith of SRS’ New York office represented Party City Corporation. Jeff Winick, Ann LaCentra and Josh Siegelman of Winick Realty represented the Duane Reade.

The associates at Winick Realty declined to comment on the sublease deal.

Party City, whose headquarters is in Rockaway, New Jersey operates 760 permanent stores and 400 temporary stores in 41 states across the United States.

Manhattan-based pharmacy and convenience store, Duane Reade, started nearly fifty years ago between Duane Street and Reade Street on Broadway in downtown Manhattan. The store grew from there, opening dozens of locations across the city, and the owners sold to Bain Corporation in 1992. The company went public in 1997 and was recently bought back the Walgreen Company in 2010.

Last year, Duane Reade opened up its first ever mega-store at 40 Wall Street, complete with a sushi bar and a walk-in beauty parlor, among other features.

For more, download the full article in PDF

NY Observer-04-30-12-A Party (City) Is A-Comin’ to Duane Reade’s Penn Station Store