From the monthly archives: "November 2012"

Citybizlist

Durst Taps Winick for 655 Third Ave, 202 East 42nd St

The Durst Organization has hired the Winick Realty Group LLC executive team of President Steven E. Baker and Executive Vice President Kenneth Hochhauser for the retail availabilities at 655 Third Avenue and 202 East 42nd Street.

The retail space at 655 Third Avenue, between 41st and 42nd Streets, is approximately 2,115 square feet of ground floor space and is situated between the Gap and Starbucks. Around the corner, the retail property at 202 East 42nd Street is a townhouse that includes a 1,620-square-foot ground floor and 1,130-square-foot second floor. It is situated between the newly-remodeled Westin Hotel and the Gap.

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citybiz-112912-Durst Taps Winick for 655 Third Ave, 202 East 42nd St

Durst Organization hires Winick to lease Midtown East retail spaces
The Durst Organization is handing off leasing for some of it retail properties on the East Side of Manhattan to Winick Realty Group, which could augur a new relationship between the firms, The Real Deal has learned.

The landlord, which previously handled leasing duties in-house, made Winick the leasing agent for retail spaces in two Midtown East office towers: 202 East 42nd Street and 655 Third Avenue, where Winick has its headquarters.

The 2,115-square-foot Third Avenue space, between 41st and 42nd streets, is situated between retailer the Gap and a Starbucks, and the 42nd Street space, just around the corner from the Winick digs, offers a 1,620-square-foot ground floor and a 1,130-square-foot second floor space. That building is located next door to the Westin New York Grand Central, adding tourist foot traffic to the already well-traveled 42nd Street retail strip.

“If these deals go well, we are looking to expand our partnership with Winick in the future,” a spokesperson for Durst told The Real Deal. Durst’s three million square foot portfolio of office space would potentially present formidable retail leasing assignments.

Winick President Steven Baker and executive vice president Kenneth Hochhauser are marketing the properties.

“We live and work here, so it is no surprise to us,” that the area gets substantial foot traffic from tourists, Hochhauser said in a statement to TRD. If the Midtown East rezoning proposal goes through, the area could also benefit from an increased number of local workers.

Rents were not disclosed, but asking rents for the Gap, at 655 Third, were $55 per square foot, according to Costar. At 202 42nd Street, rents were not available, but Costar shows only a year and eight months remain on tenant Pax Wholesome Foods’ lease.

“We are excited to partner with Winick on this project,” Tom Bow, director of leasing for Durst, said in the statement.

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THE REAL DEAL_112912_Durst Organization hires Winick to lease Midtown East retail spaces

Citybizlist

Seven Stores on Seventh Avenue leased by Winick’s Hill

Winick Realty Group LLC Associate Director Alexander Hill has negotiated seven leases on Seventh Avenue between 15th and 22nd Streets.

Hill brought Goldinfisch, a new designer consignment shop, to a 600-square-foot space at 90 Seventh Avenue, where the landlord, Chelsmore Apartments, was represented by Nat Rahav of Natural Habitat Real Estate.

This followed leasing the 1,825-square-foot retail space at 194 Seventh Avenue to 7-Eleven.

The bulk of Hill’s deals on Seventh Avenue were signed at the base of a Co-Op owned by Chelsea Warren Co. at 171-177 Seventh Avenue, made possible by a long-term master leasehold that came due this year.

A NYC pharmacy operator with locations on the Upper East Side and Upper West Side leased 763 square feet at 171A Seventh Avenue to be known as Chelsea Chemists, while 171B Seventh Avenue became home to Depi 4 Ever. This is the first New York location for the laser hair removal company, which operates stores in Buenos Aires, Argentina.

Luigi Tailoring, an original tenant of this retail strip, reduced the size of its shop and renewed its lease for 1,100 square feet at 173A Seventh Avenue.

Next door, lifestyle store The Habitat Shop leased 407 square feet at 173B Seventh Avenue, its second Chelsea location.

Filling the last available retail space was QQ Nails and Spa, a spa chain with four locations throughout Manhattan, including a nearby store on Eight Avenue between 22nd and 23rd Streets. Winick Realty Group LLC Associate Director Michael Gleicher represented the tenant, who leased 2,034 square feet at 177 Seventh Avenue.

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citybiz-112712-Seven Stores on Seventh Avenue leased by Winick’s Hill

Seven Stores On Seventh Avenue Leased By Alexander Hill Of Winick Realty Group

Winick Realty Group LLC has secured its place at the forefront of Seventh Avenue’s retail reemergence as Associate Director Alexander Hill successfully negotiated seven leases on the avenue between 15th and 22nd Streets.

“The area from Flatiron to West Chelsea has seen many changes in recent years, including an influx of new residential developments and notable retail destinations such as the Limelight Marketplace and Trader Joes,” explained Hill. In addition, the Google building and the buzz of the Meatpacking District & Highline have brought even more retail activity from the south and the west.

“Sixth and Eighth Avenues, which have always been busier avenues with higher rents, are seeing less growth in price per square foot than Seventh Avenue retail from 14th to 23rd Streets. In this corridor, Sixth and Eighth Avenues are thriving with activity, which has opened up a great opportunity for Seventh Avenue to blossom.”

Tenants on the block made way for new retailers who offer amenities including fashion, home decor, health & beauty, and a corner pharmacy.

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mann newswire-112812-Seven Stores On Seventh Avenue Leased By Alexander Hill Of Winick Realty Group

New York Observer

The CO’s “30 Under 30″

Kelly Gedinsky, 29, Winick Realty Group

When Kelly Gedinsky, started as an intern at Winick Realty Group in 2006, she soon caught the eye of CEO Jeff Winick.

“I was either 22 or 23 at the time, and I hadn’t had much interaction with Jeff Winick,” Ms. Gedinsky told The Commercial Observer. “I walked into the office, and he said, “I want you to get your real estate license … you’re going to be a star.’”

Ms. Gedinsky, now 29, is living up to this prediction, having completed 439,375 square feet of leasing since joining Winick and becoming one of the most successful young female brokers in the industry. She was recently promoted to director at the firm.

“It’s been wonderful,” she said. “It’s been a pleasure working under and learning so much from all the managing directors in this office.”

Ms. Gedinsky, who has expertise in ground-up construction and retail layouts, was instrumental in leasing the first Madison Avenue boutique for Yigal Azrouel, and she helped to lease Salvatore Ferregamo’s temporary store at 3 West 57th Street on behalf of the landlord.

She is also a lead broker on the 450,000-square-foot Columbus Square project, more than 350,000 square feet of which she has leased to local and national retailers, including the first New York locations for HomeGoods and Michael’s Arts & Crafts.

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NY Observer-112712-The CO’s “30 Under 30″-Kelly Gedinsky

 

 

New York Observer

The CO’s “30 Under 30″

Alexander Hill, 26, Winick Realty Group

Winick Realty Group Associate Director Alexander Hill was walking a slightly different path than commercial real estate brokerage, until he was forced to change his course. A scholarship to Vanderbilt University led to an internship with Lehman Brothers upon graduation in the summer of 2008, which could well have led to a job at the financial services firm had it not sunk into bankruptcy.

“I started to think about a new career,” explained Mr. Hill, now 26. “I got my real estate license almost immediately.” Obtaining his license at night, he quickly applied for positions at commercial real estate firms, settling on a spot at Winick. “I was hungry to get into the business,” he said.

“It’s a very difficult business to jump right into,” said Mr. Hill said, noting that having family or friends in the industry can ease the transition for a newcomer—neither of which he had. After a year with the firm, Mr. Hill realized that he was a good fit for commercial retail brokerage. “I’m pretty open-minded as far as networking and ways that I try to get new business,” he said, noting that he does not rely on one strategy to succeed. “I’m constantly looking for new leads.”

One angle that has been a boon to Mr. Hill is his affiliation with Business Networking International, a group of over 145,000 professionals worldwide from various industries who share their networks and connections with one another.

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NY Observer-112712-The CO’s “30 Under 30″-Alexander Hill