From the monthly archives: "August 2014"

Mid-AtlanticWEB455

Winick Realty Group leases two Jersey Mike’s locations

JM Northvale OpenJersey Mike’s, a leader in the QSR sandwich category with  more than 1,300 locations open and under development across the country, signed leases for two locations in Bergen County. Winick Realty Group NJ’s Gary Krauss acted as the brand’s broker in both transactions as Jersey Mike’s continues its aggressive expansion within its home state.

The popular sandwich shop leased 1,736 s/f at 557 North Franklin Turnpike in Ramsey, NJ. The site, which formerly housed a TCBY, is expected to be open by early September. “We managed to find an off-market deal in the best shopping center in the marketplace, allowing Jersey Mike’s to join such co-tenants as Starbucks, Chase Bank and Walgreens,” said Krauss, who added that the shopping center sees a lot of traffic from Don Bosco Preparatory High School, which is located across the street.

Jersey Mike’s also secured a location in Northvale, NJ, leasing 1,750 s/f at 246 Livingston St. “Jersey Mike’s has been looking to move into Northern New Jersey for quite some time,” said Krauss. “Many Northern New Jersey residents also spend time at the Jersey Shore, so there is already built-in name recognition that Jersey Mike’s can tap into.” The store sits in a newly-constructed shopping center anchored by Shop Rite and since it opened in late June, this location is already one of the top performing sites in the chain, according to Krauss.

Gregg Slater of Equity Associates represented landlord Northvale Shopping Center Associates LLC in the Northvale Lease. In Ramsey, landlord Landmark Real Estate was represented in-house.

For more, download the full article in PDF

Mid-Atlantic Real Estate Journal_082914_Winick Realty Group leases two Jersey Mike’s locations

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

CoStar

Seven Retail Tenants Take a Combined 30,000 SF at 1NYP

1nyp costarChipotle, Starbucks, Chop’t, Retro Fitness, Optometric Arts, Gateway News Stand, and Cobbler Express have all signed individual leases on the concourse of One New York Plaza, totaling 29,524 square feet.

This 50-story, 2.59 million-square-foot, 4-Star office building was constructed in 1970 on 2.8 acres in Manhattan’s Financial District submarket, bordered by Water, South, Park and Broad Streets. Developed by JP Morgan Chase & Co and sold by Chase Manhattan Bank in 1999, the asset was part of a $7.2 billion investment portfolio purchased by Brookfield Office Properties in 2006.

Retro Fitness took 20,000 square feet, while the other six tenants took less than 2,400 square feet each. The retailers will join multiple tenants in the office portion of the building, including Macmillan Science & Education which recently signed a ten-year lease totaling 176,121 square feet.

Kenny Hochhauser and Steven Baker of Winick Realty Group LLC represented the landlord, Brookfield Office Properties, Inc., in all seven retail transactions closing in the past month.

Macmillan’s office lease was signed earlier this year. They were represented by Leon Manoff with Colliers International, while the landlord was represented by CBRE’s Peter Turchin, Kenneth Rapp, Michael Rizzo, and Adam Foster, along with Brookfield’s in-house leasing team of David Cheikin, Duncan McCuaig, and Henry Henderson.

For more, download the full article in PDF

CoStar_082814_Seven Retail Tenants Take a Combined 30,000 SF at 1NYP

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.

real estate forum logo

Tomorrow’s Leaders—New Jersey

With its proximity to New York City, large labor pool and ample redevelopment opportunities, the Garden State’s commercial real estate market gets a significant amount of attention. It’s only fitting, then, that it attracts talented young professionals looking to make a name for themselves in the industry. Here are 14 individuals who have stood out from the pack despite being relative newcomers to the business.

tyler-bennet-258x3005Tyler Bennett, 30

Senior Vice President and Managing Partner

Winick Realty Group NJ

Cranford

Bennett has become a leader in the New Jersey retail leasing market through hard work and determination coupled with an entrepreneurial spirit. He became a managing member of Winick Realty Group before the age of 30 and has helped to grow the New Jersey operation from a two-man team into a group of eight brokers in less than two years. Tyler Bennett is currently a senior vice president and broker of record for Winick Realty Group NJ LLC. Bennett is responsible for managing the New Jersey office’s day to day operations, as well as a team of six real estate professionals who specialize in landlord and tenant retail leasing and investment sales. Bennett represents some of the nation’s biggest retailers including Kay Jewelers, Jared the Galleria of Jewelry, Wendy’s and Buffalo Wild Wings. In 2013 Bennett negotiated a deal to open the first Buffalo Wild Wings in Staten Island, NY. The store opened to tremendous success and has become one of the best performing stores in the chain.

For more, download the full article in PDF

real estate forum_august 2014_tomorrow’s leaders new jersey

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market. 

 

northeast real estate business logo

Winick Realty NJ Brokers Leases of Two Jersey Mike’s Sandwich Shops

JM Northvale OpenWinick Realty Group NJ has brokered the leases for two new Jersey Mike’s locations in Bergen County, N.J. The sandwich shop leased 1,736 square feet at 557 North Franklin Turnpike in Ramsey and 1,750 square feet at 246 Livingston St. in Northvale. The Northvale location opened in June and the Ramsey location is expected to open in September. Gary Krauss of Winick Realty Group NJ represented Jersey Mike’s in both transactions. Gregg Slater of Equity Associates represented the landlord, Northvale Shopping Center Associates, in the Northvale lease, while the Ramsey landlord, Landmark Real Estate, was represented in-house.

For more, download the full article in PDF

Northeast Real Estate Business_August 2014_Winick Realty NJ Brokers Leases of Two Jersey Mike’s Sandwich Shops

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market. 

 

Racked

Retail Stores Are Making a Strong Push in the Garment District

garment-district-shopping.jpgRetailers and commercial landlords alike are always looking to pounce on the next hot New York City neighborhood. Since the Financial District retail transformation is already well underway and with Hudson Yards on deck, where will we turn to next? The Wall Street Journal bets that it’ll be the Garment District.

Following the debut of the Urban Outfitters lifestyle store here, several developers have been sprucing up their properties along the Broadway corridor that connects Times Square to Herald Square, where the city recently added a pedestrian plaza for lingering tourists. Retail rents in the area have also seem a bump, topping out at $150 per square foot two years ago but now running as high as $350.

“I’ve been working in this area for 30 years and in the past nine months [the retail change] is moving faster than I have seen” before, said real estate company president Bob Savitt of Savitt Partners.

WSJ contributes that to the changing workforce in the neighborhood—due to cheaper office rents compared to other parts of the city, young companies in the fields of tech, media, and advertising have moved to converted spaces here, and they’ve got money to burn.

“It’s a perfect storm of events,” Kenneth Hochhauser of Winick Realty Group told the paper. “There’s a more educated workforce, a typically younger workforce and, in some ways, a more voracious workforce.”

But what about what the Garment District was built on—garment manufacturing? Will that still have its place in this revitalized neighborhood? Nanette Lepore thinks so. “It won’t ever be like it was in the 80s,” she said “But there is still a strong manufacturing element here.”

For more, download the full article in PDF

racked-082614-Retail Stores Are Making a Strong Push in the Garment District

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market. 

 

 

Citybizlist

Winick Realty Group Markets New Restaurant Space at 101 Maiden Lane 

101 maiden lane 08-07-14TF Cornerstone has selected Winick Realty Group President Steven E. Baker and Aaron S. Fishbein to exclusively market a newly-available retail opportunity at 101 Maiden Lane, one of two adjacent luxury residential towers known as 2 Gold Street.

The retail site, located between Gold and Pearl Streets, offers approximately 1,683 square feet of ground floor retail space and 80 feet of wraparound frontage along one of the most popular food blocks in the Financial District. Currently Clarke’s Standard, the restaurant also includes additional room for outdoor seating.

“This is a rare opportunity on Maiden Lane to set up not only a restaurant but an outdoor dining experience that will service the dense office and residential populations of Downtown Manhattan,” said Baker. “We have already received interest from many of the area’s top food operators.”

In recent years, this fast-growing residential neighborhood has also become home to many successful restaurant destinations servicing area residents and office workers alike. The strong co-tenancy includes SoulCycle, Potbelly, Fields Chicken, Tres Carnes, Chipotle, Dig Inn, Starbucks, Just Salad, Hale & Hearty, Chop’t, Duane Reade, Roti, Tous Crepes and Au Bon Pain.

Developed and owned by TF Cornerstone Inc. – a family-owned and operated real estate company focused on the acquisition, development, construction and management of fine residential, commercial and retail properties in New York and Washington, D.C. – 2 Gold Street also houses 839 luxury rental apartments and features a heated lap-pool, state-of-the-art gym, and rooftop terrace for residents.

For more, download the full article in PDF

citybiz-082514-Winick Realty Group Markets New Restaurant Space at 101 Maiden Lane

Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies.  Winick Realty Group is highly recognized as a forerunner in the retail real estate market.