From the monthly archives: "May 2015"

New York Observer

Chipotle Opening Interior Design Testing Center at Industry City

industry-city-exterior-2_sarah-dorioChipotle Mexican Grill will be opening a 9,197-square-foot space at Sunset Park’s Industry City to create and test interior designs for its restaurants, Commercial Observer has learned.

The burrito and taco chain with more than 1,500 restaurants in the U.S. and abroad took a 10-year deal on the fourth floor in Building 4 of the 6-million-square-foot, 16-building manufacturing complex on the South Brooklyn waterfront. Rents are around $20 per square foot, as CO previously reported.

“The space is for the design of Chipotle interiors,” according to a spokeswoman for Industry City. “The designs that are built and tested at their Industry City space will eventually make their way to Chipotle restaurants around the country.”

Diana D. Boutross of Winick Realty Group represented Chipotle in the deal and an Industry City-in-house leasing team represented Industry City owners Belvedere Capital, Jamestown and Angelo Gordon, along with Cammeby’s International and FBE Limited, a group which is investing $1 billion in the complex. Ms. Boutross declined to comment via a Winick spokeswoman.

“Industry City is becoming an incubator in more ways than one,” the Industry City spokeswoman emailed. “Established companies are incubating new concepts, from designs to how they sell their products, and more and more ‘traditional’ incubators are setting up shop there as well. Following West Elm’s new maker studio and Design Within Reach’s new-format store/Herman Miller repair facility, which both opened at Industry City last month, Chipotle is now opening a 9,200-square-foot space at Industry City to create and test interior designs for their restaurants.”

Another new tenant at Industry City is Irmat, a dermatology pharmacy, which took 26,225 square feet for a call center with 100-plus employees on the fifth floor of Building 1. Ross Perlman of Newmark Grubb Knight Frank represented Irmat and Mitchell Arkin of Cushman & Wakefield represented Industry City. The lease is for 10 years.

Orgnic Gemini took a five-year lease on the fourth floor of Building 8. The 6,768-square-foot space will be for the production of a line of organic horchata beverages made from tiger nuts. Aptsandlofts.com‘s Elloise Paul represented Organic Gemini and worked with Industry City’s internal leasing team.

Shakuff, a custom glass lighting and décor company, took 6,318 square feet in Building 4. The deal for the second-floor space is five years. Shakuff worked directly with Industry City’s internal leasing team.

Finally, a collective of engineers, operators and designers that aims to solve problems facing consumers in healthcare, tech and consumer products, has inked a five-year deal for 6,293 square feet on the sixth floor of Building 3. Branchild signed a deal for five years. Companies within the incubator include HeroHealth, a consumer health company that designs and manufactures a proprietary tabletop medical device as well as online health platforms; Almond, an online platform that connects experienced nutrition specialists and consumers; and The Arrivals, an apparel company that designs and manufactures its products in New York City. Joseph Cirone of C&W negotiated the Brainchild deal on behalf of Industry City.

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NY Observer-052915-Chipotle Opening Interior Design Testing Center at Industry City

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 Exclusively Markets Two Boutique Retail Sites on Behalf of TF Cornerstone  

71 University Place Flyer (thunder-blue) photoWinick Realty Group announced that President Steven E. Baker and his associate Aaron S. Fishbein are bringing to market two boutique retail spaces on behalf of TF Cornerstone.

“We are proud to once again work with TF Cornerstone to market some of the most exciting new retail sites in their Manhattan portfolio,” said Baker. “These availabilities represent an opportunity for the right retailer to become part of some of Manhattan’s most dynamic and diverse neighborhoods.”

The available retail space at 107 Horatio Street is located on one of the most exciting blocks in the Meatpacking District, sitting just south of the new Whitney Museum and near the entrance to the High Line. Located between Washington and West Streets, the storefront is housed at the base of the 320-unit West Coast luxury residential building, also known as 95 Horatio Street, and is situated next to the building lobby. The availability comprises 1,113 square feet on the ground floor and 1,500 square feet in the selling lower level. All non-cooking uses will be considered for the space, which features high ceilings and ample glass frontage.

Baker and Fishbein are also exclusively marketing a prime Greenwich Village retail availability at 71 University Place, between East 10th and East 11th Streets. Offering 1,034 square feet of ground-floor space with high ceilings, the retail at 71 University Place is ideal for apparel, cosmetics, specialty non-cooking food and other dry uses that will complement a strong co-tenancy that includes Moleskin, Patsy’s, Antony Todd and Argo Tea. This high-density neighborhood features a fantastic mix of shoppers, students, residents and office workers and the retail site is poised to not only capture that foot traffic but also pull from the nearby Union Square Market.

“These boutique retail availabilities offer two great opportunities to reach a diverse mix of tourists, residents, office, shoppers and students on some of the most densely-populated corridors of the city,” added Steve Gonzalez, Director of Retail Leasing for TF Cornerstone.

For more, download the full article in PDF

citybiz-052715-Winick Realty Group Exclusively Markets Two Boutique Retail Sites on Behalf of TF Cornerstone

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 Weekly

ICSC RECon Day Two in Photos

ken hochhauser, steven baker and hal shapiroDay two of ICSC RECon 2015 in Las Vegas saw the convention center packed with brokers and real estate industry professionals from all over the country. Later on in the evening, the parties got started, with JLL’s bash at Chateau Nightclub at the Paris Hotel, Cushman & Wakefield’s party at the Four Seasons pool, and Eastern Union’s shindig at the Encore Beach Club. Photos by Holly Dutton.

Left to Right: Winick Realty Group’s Kenneth Hochhauser, President Steven E. Baker, Hal Shapiro

For more, download the full article in PDF

rew_051915_ICSC RECon Day Two in Photos

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 deal logo

Monday at ICSC = Deals, meals and cocktails

Steven-Baker-Gary-Trock-570x570Two thousand of New York’s real estate professionals hit Las Vegas for the International Council of Shopping Centers’ 2015 RECon, held at the Las Vegas Convention Center. The Real Deal caught up with scores of them on Monday, including real estate investors such as Haim Chera, Al Laboz and Jeff Sutton, as they walked the floor. And at night, TRD snapped pictures of industry players such as Christopher Schlank, Paul Massey, Joseph Jacobson and Jimmy Kuhn.

From left: Steven Baker of Winick Realty Group and Gary Trock of CBRE at the Las Vegas Convention Center on Monday

For more, download the full article in PDF

THE REAL DEAL_051915_Monday at ICSC = Deals, meals and cocktails

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 Weekly

Early bird Steven Baker among retail’s high fliers

steve baker rew icscSteven Baker doesn’t like to talk about himself, but his resume speaks for itself.

The Winick Realty president is back at ICSC RECon in Las Vegas for his 10th year, and like most of the industry, is booked solid with back-to-back meetings during the annual retail conference, and he’s got a lot of space to fill.

Baker is currently working on 1 New York Plaza, a downtown office tower with 2.6 million s/f and a concourse with 50,000 s/f of retail that was vacant since Hurricane Sandy. So far, Winick has signed tenants Retro Fitness, Starbucks, Chipotle, Schnipper’s and Chop’t.

Winick represents the State Teachers Retirement System of Ohio’s building at 15 Union Square West, and is marketing the retail at that property. The firm is also marketing a number of properties for TF Cornerstone, in particular the retail portion of 387 Park Avenue South. Winick did 98 percent of the retail in TF Cornerstone’s Long Island City waterfront portfolio.

“There’s tremendous opportunity for retail,” Baker told Real Estate Weekly of the Queens neighborhood. “There are 13,000 residential units coming online in next 36 months. That market will be explosive from a retail perspective.”

For more, download the full article in PDF

rew_051815_Early bird Steven Baker among retail’s high fliers

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 deal logo

Pool parties at ICSC create quite the splash

ICSC-Las-Vegas-2015Flights from New York to Las Vegas the weekend of the International Convention of Shopping Centers’ annual expo can seem like a clubhouse meeting of the industry’s retail players. In comparison, the pool parties that dot Sin City the days before the show kicks off are more like trips to the beach.

Some of the industry’s biggest names let their hair down Sunday as they soaked up the sun and more than a few libations at the various pool parties dotting the strip the day before they suited up for meetings at the Las Vegas Convention Center.

The weather was an unseasonably mild mid-70s over the weekend – locals said the city usually sees those temperatures in March and by this time of year the thermometer hits the 90s – so fears of sweltering heat were assuaged.

It was “swimming attire required” at the Encore Beach Club on the strip, where developers Slate Property Group and Adam America Real Estate as well as title insurance firm TitleVest hosted sun-tanned soirees.

Lines to enter the club, a big tourist hotspot, stretched back through the hotel’s doors and into the lobby – the kind of foot traffic that makes brokers salivate.

Next door, Winick Realty Group hosted guests at the decidedly more continental European pool at the Wynn Las Vegas where prudish American mores regarding the natural body, while unenforced, were largely observed.

Todd Bassen of Invesco Real Estate, who is leaving the investment firm to head up real estate at WeWork, was in attendance, as was retail mogul Jeff Sutton and Eastern Consolidated’s Adelaide Polsinelli.

Jeff Winick held court in one of three cabanas the brokerage reserved deep within the hotel’s somewhat labyrinthine system of pools connected by meandering, landscaped paths. Guests wove their way in and out of the Winick party and one hosted next door by the title insurance firm First American.

Cushman & Wakefield was represented by Robert Shapiro, Paul Massey and Bob Knakal along with his wife, Cynthia. Jared Epstein and Bobby Cayre of Aurora Capital Associates milled about, as did Michael Cayre of Midtown Equities and Alex Adjmi of A&H Acquisitions.

For more, download the full article in PDF

THE REAL DEAL_051815_Pool parties at ICSC create quite the splash

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.