From the monthly archives: "March 2013"

Citybizlist

Winick Realty Group Exclusively Markets Ethan Allen Sublease Opportunity at 101 West End Avenue

101-West-End-Avenue-NY-W.side-ext2-edit-600x450Winick Realty Group proudly announced the company is exclusively marketing more than 10,000 square feet of prime Upper West Side retail space at 101 West End Avenue on behalf of the sublessor, former tenant Ethan Allen.

Located on the Northwest corner of West 64th Street, the site includes 5,400 square feet on the ground floor and 4,630 square feet on the second floor, with more than 75 feet of wraparound frontage on each level. The bi-level retail space is a significant opportunity for retailers with the vision to pioneer one of the last untapped markets of the Upper West Side.

“The Far West Side is an up-and-coming area that is only continuing to grow,” said Winick Realty Group Managing Director Hal Shapiro, who noted that a host of new residential developments are going up in the area, including 500 luxury apartments above the retail at 101 West End Avenue.

The site is also surrounded by heavily-trafficked destination sites such as the Time Warner Center and Lincoln Center, as well as ABC Studios, six schools and campuses for both Fordham University and John Jay College.

“The area is totally underserved on all fronts,” added Winick Realty Group Associate Charles Rapuano,” and we look forward to leasing this one-of-a-kind retail space to someone who can offer the amenities this neighborhood truly needs.”

Shapiro and Rapuano are offering a short term deal on the space, with the possibility to extend past the current lease.

For more, download the full article in PDF

citybiz-032813-Winick Realty Group Exclusively Markets Ethan Allen Sublease Opportunity at 101 West End Avenue

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Tomorrow’s Leaders—New York

They represent a variety of disciplines, from leasing and capital markets to due diligence and property management. They may have helped found the companies for which they work, or they may have been tasked with establishing a New York presence for an existing company. What they have in common is the leadership skills to stand out in what’s arguably the most competitive CRE landscape of them all.

We have identified two dozen executives under the age of 45 who have made their mark on New York City and whom we believe will be even more prominent in years to come. Here are Tomorrow’s Leaders of New York commercial real estate.

kelly-gedinsky-profile-004Kelly Gedinsky, 29

Director

Winick Realty Group

Having leased 465,094 square feet of retail space in under five years, Gedinsky is one of the most successful young female brokers in the industry. She works with some of the city’s key landlords and tenants, specializing in new construction. “As a native, as a resident and as a broker, I have seen firsthand how the city can evolve,” says Gedinsky. “Luxury markets are perfect examples of how quickly things can change given the state of the market. In 2009, Madison Avenue had over 80 vacancies from 60th through 86th Streets; now I am constantly competing against other tenants for the same space.”

For more, download the full article in PDF

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As seen in The Times:

For Sublease

$55/sq. ft.
$297,000 approximate annual rent

101 West End Avenue (at West 64th Street)
Manhattan

A two-year sublease is available, with a possible extension from the landlord, for a 10,030-square-foot two-level retail space in this 33-story 1999 apartment building. The space, with 5,400 square feet on the ground floor and 4,630 square feet on the second floor, was formerly occupied by an Ethan Allen furniture store, and features its own staircase and elevator, as well as 75 feet of wraparound frontage.

Sublessor: Ethan Allen

Building Owner: Equity One
Sublease Brokers: Hal Shapiro and Charles Rapuano, Winick Realty Group

New York Real Estate Journal

ABS Partners leases 850 s/f to Vanguard Wine Bar

joshua-siegelman-002ABS Partners Real Estate, LLC, one of New York City’s foremost real estate services firms, has completed a 12-year lease for Vanguard Wine Bar in Kips Bay on 530 Second Avenue.

ABS Partners managing directors Dean Valentino, Jay Einbender and Mark Tergesen represented both the tenant and landlord. Ann La Centra and Josh Siegelman from Winick represented the landlord.

The 850 s/f property is a solo venture by Stefan Mailvaganam, co-owner of Bar Carrera & Custom American Wine Bar. Formerly a pizzeria, the wine bar will serve a variety of old and new world wines, specifically French and American.

“There was a great opportunity in Kips Bay’s restaurant scene for an establishment like Vanguard Wine Bar,” said Valentino. “It was designed to offer patrons a truly differentiated and international food experience that provides an alternative to the bars and pubs that are prevalent in this area.”

For more, download the full article in PDF

NYRE Journal_032613_ABS Partners leases 850 sf to Vanguard Wine Bar

New York Observer

Meatpacking District Now Exhibiting Religious Artifacts Tied To Mark Burnett’s “The Bible”

the-bible_510Mark Burnett, the television producer responsible for Survivor, Celebrity Apprentice and much of today’s reality TV landscape, is enjoying a scripted rebirth with his History Channel hit The Bible. Now, the five-part, 10-hour miniseries is tied to an exhibition of biblical artifacts in the Meatpacking District, a neighborhood whose many reincarnations have never tilted toward the spiritual.

Kelly Gedinsky of Winick Realty Group helped arrange a license agreement with WCMG Events, the marketers of The Bible Experience, for a pop-up show that opened on Tuesday night and runs through March 28th. The installation takes up 7,500 square feet in a building that formerly housed Cudahy Cold Storage and now counts Uniqlo and Alice + Olivia as tenants.

The Bible Experience showcases artifacts including ancient Torah scrolls, Dead Sea Scroll fragments and a page from the Gutenberg Bible. Many of the objects are courtesy of the private Green Collection, which includes 40,000 artifacts and is owned by Steve Green, the evangelical Christian president of Hobby Lobby.

Ms. Gedinsky declined to comment on the cost of the license agreement, but estimated that asking rents at 450 West 14th Street, which she does not represent, are about $300 a square foot.

For more, download the full article in PDF

NY Observer-032113-Meatpacking District Now Exhibiting Religious Artifacts Tied To Mark Burnett’s “The Bible

Real Estate Weekly

Winick opens on Long Island

noel-caban-001Four months after the launch of Winick Realty Group’s New Jersey office, the company announced the creation of a new division on Long Island.

“As the success of our New Jersey office shows, Winick Realty Group’s best-in-class service translates not only to the needs of retailers and landlords in Manhattan but to the entire Metropolitan area,” said Winick Realty Group president Steven E. Baker.

“We are proud to extend more than 30 years of invaluable industry knowledge to the retail markets of Nassau and Suffolk Counties and it is a pleasure to have Noel Caban at the head of our latest company expansion.”

The company has hired industry veteran Noel Caban to head the Long Island division, which will focus on property investment and retail leasing on behalf of both landlords and tenants in Nassau and Suffolk Counties, as well as areas in Queens. Caban will also work with Winick to help solidify the company’s position in all of the outer boroughs.

“Winick Realty Group is a regional market force in the New York and New Jersey markets and I am proud to be re-joining the company as head of the Long Island retail division,” said Caban.

“The Long Island market is eight-million strong, encompassing some of the most affluent demographics with highest levels of disposable income. With Winick Realty Group’s retail heritage and market presence, it will be win-win combination for both the tenants and landlords we will service in these markets.”

Caban has more than a decade of retail brokerage experience, most recently serving as vice president of CBRE, where he has serviced the retail business requirements of clients like Bank of America, 7-Eleven, McDonalds, Ford Motor Co., Time Warner Cable and Tesla Motors. He has also worked with companies like Kimco Realty, Millbrook Properties, Forest City Ratner and Muss Development, to name a few.

“I look forward to growing and strengthening Winick Realty Group’s tenant and landlord relationships in these markets,” said Caban.

For more, download the full article in PDF

rew_032013_Winick opens on Long Island