From the monthly archives: "July 2015"

Real Estate Weekly

LEASES

gary-krauss-258x30012Fast-casual sandwich franchise Jersey Mike’s Subs has leased 1,800 square feet at Galloping Hill Center, becoming the latest eatery to join the diverse dining component at this popular Union County retail destination. North Plainfield, N.J.-based Levin Management is exclusive leasing and managing agent for the 68,000-square-foot shopping center.

Levin’s leasing representative Marcia Minton negotiated the long-term lease. Gary Krauss of Winick Realty Group NJ served as the tenant’s broker in the transaction.

Started at the Jersey Shore in 1956, Jersey Mike’s has about 1,500 restaurants open and under development nationwide. The company was named the No. 1 fastest-growing chain in the Nation’s Restaurant News 2014 Top 100 and continues to win best sub awards in virtually every market it enters.

Located on heavily traveled Galloping Hill Road adjacent to Merck & Co.’s corporate headquarters, Galloping Hill Center serves a growing residential population of more than 570,000 people within a five-mile radius and a daytime population of 233,000 people within those same five miles. The marketplace offers an average household income of nearly $91,000 within one mile of the property, which boasts a daily traffic count exceeding 43,000 vehicles. Anchored by Seabra’s Supermarket, the center’s lineup of local and national tenants includes Memory Lane Hallmark, Weight Watchers, Manhattan Bagel, Walter Bauman Jewelers, Health Best Café and Koki Japanese Buffet along with typical neighborhood conveniences such as a dry cleaner and nail salon.

Three retail spaces, ranging in size from 3,000 to 7,600 square feet, remain available at Galloping Hill Center.

For more, download the full article in PDF

rew_073115_Leases

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 Multi-Level Retail/Office Opportunity on Second Avenue 

hal-shapiro-258x300Winick Realty Group’s Hal Shapiro has been named the exclusive broker marketing a prime retail and office availability in Midtown East on behalf of Equity Residential.

The retail at 755 Second Avenue, located between East 40th and East 41st Streets, features 3,167 square feet on the ground floor with high ceilings and 40 feet of valuable Second Avenue frontage. The ground floor can be expanded to 4,264 square feet by altering the current storefront, bringing it forward to be flush with the building.

Currently Med Scan, the ground floor can be leased alone or in combination with 10,944 square feet of office space on the second floor and 9,666 square feet of office space on the third floor. Two elevators are already in place.

“This building is situated in the middle of a dense residential neighborhood that is only going to get stronger with all of the new residential developments being built on First and Second Avenues,” said Shapiro. “On top of that, the building is close to NYU Langone Medical Center and it’s easily accessible via the FDR Drive and the Midtown Tunnel, with parking available on site to accommodate those cars.”

One striking feature of the retail site is that the second floor includes 800 square feet of patio space, a rare amenity for Manhattan. According to Shapiro, this feature makes this space particularly well suited for schools or tech offices that are looking for outdoor seating.

For more, download the full article in PDF

citybiz-073015-Winick Realty Group Markets Multi-Level Retail-Office Opportunity on Second Avenue

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

Papyrus to open Tribeca store

papyrus 2SCG Retail announced the signing of a 1,000 s/f lease for Papyrus at 149 Reade Street between Hudson and Greenwich Street in Tribeca.

The lease was signed in mid-June and Papyrus hopes to open by the end of the summer.

According to Jacqueline Klinger, lead broker for SCG Retail, who represented Papyrus, “Tribeca was a challenge because the rents have risen a lot over the past few years and because most of the buildings are older, the spaces are much larger than Papyrus needed. 149 Reade Street was the perfect size, in great condition, and at a rent that made sense.”

Based in the Bay Area, Papyrus now has over 450 stores and operates several brands including Papyrus, NIQUEA.D, Carlton Cards Retail and American Greetings Retail. This marks Papyrus’s 19th NYC store.

The site was previously a Petticoat Lane. The area also includes a Whole Foods, Sweetgreen, and Christina Lehr.

149 Reade is owned by Ascot Properties NYC, LLC and was represented by Josh Siegelman of Winick Realty. Taryn Brandes of SCG Retail also represented the tenant.

For more, download the full article in PDF

rew_073015_Papyrus to open Tribeca store

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 Bisnow

This Week’s NY Deal Sheet

schnippersSchnipper’s signed a 3,300 SF lease at 120 Church St. Winick Realty Group’s Steven Baker repped the eatery. RKF’s Ross Berkowitz and Andrew Stern repped the landlord, Clipper Equity.

For more, download the full article in PDF

real estate bisnow 07-28-15

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. 

New York Real Estate Journal

Fishbein, Kaplan and Diamond of Winick secure 550 s/f lease for Stolle

aaron-fishbein-002Eastern European café chain Stolle signed a lease for its first area location, securing 550 s/f of ground-floor retail space with 40 ft. of all-glass corner frontage at 119 Court St. on the corner of State St.

“We are excited to be able to bring Stolle to Downtown Brooklyn,” said Winick Realty Group’s Aaron Fishbein, Stolle’s exclusive broker in N.Y.C., who represented the bakery in the 10-year lease.

“This is a prime retail corner, surrounded by not only an incredibly strong co-tenancy—including Trader Joes, Maison Kayser, Barnes and Nobles, United Artists Theatre and Lenscrafters—but also a dense office and residential population.”

Set to open in September, Stolle’s new storefront is a corner division of Tio Pio, the sublessors on the space, who were represented by Winick’s Jordan Kaplan and Zach Diamond.

Earlier this year, Fishbein leased a retail and commissary space for Stolle at Jamestown LP’s Falchi Building in Long Island City. That commissary will service the Court St. location, as well as four additional sites that Fishbein is negotiating in Manhattan markets. Like the Court St. market, these Manhattan sites feature strong demographics that lend themselves to a healthy three-part business opportunity—breakfast, lunch and dinner, as well as a robust delivery business.

“Stolle prides itself on incredibly fresh products and thanks to 119 Court Street’s proximity to our Long Island City commissary, we will be able to bring in fresh pies three to four times a day,” said Irina Belska, who is spearheading the effort to bring the Stolle brand to America. “Being able to occupy a prime retail corner in an area with so many business drivers aligns with our business model and meets our many site requirements. We look forward to working with Winick Realty Group to lease additional locations as the Stolle brand expands into New York City.”

“Our client is extremely happy to welcome Stolle to the building,” said Diamond. “They will be a wonderful complement to the neighborhood and they look forward to being successful together.”

Stolle continues to seek sites in Manhattan ranging from 300 to 700 square feet. Venting and basement space are not required.

The site was leased for $250 per s/f.

For more, download the full article in PDF

NYRE Journal_072815_Fishbein, Kaplan and Diamond of Winick secure 550 sf lease for Stolle

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. 

New York Real Estate Journal

Boutross, Kaplan and Podolsky of Winick Realty market retail space at 66 Ainslie Street

66 Ainslie street pictureAccording to Winick Realty Group a newly-constructed corner retail space in East Williamsburg is available. Diana Boutross, Jordan Kaplan and Maxwell Podolsky are exclusively marketing the retail at 66 Ainslie St. on behalf of Slate Property Group.

“The neighborhood of East Williamsburg is booming with new residential constructions, new hotels, and an incredible mix of businesses that drive unprecedented traffic to the market,” said the broker team.

Located on the corner of Keap St., the 4,497 s/f retail space sits at the base of a 49-unit rental apartment building that is easily accessible to the five million riders who utilize the nearby Lorimer St. L and G train station, as well as the 160,000 vehicles that traverse the nearby Brooklyn Queens Expressway on a daily basis.

Featuring 12-foot ceiling heights and frontage on both Keap and Ainslie Streets, the retail at 66 Ainslie St. is surrounded by first-class retail that includes Sunac Natural Food, Barcade, Meat Hook Sandwich Shop, Forcella, Blind Barber, Burnside, The Saint Austere, Huckleberry Bar, Gimme Coffee, Brooklyn Cupcakes and many more. The building is located near two hotels, including a 14-story new construction that will include 188 hotel rooms, 59 apartments, underground parking and below-grade facilities for catering and more.

Boutross, Kaplan and Podolsky are eyeing a variety of uses for the retail space, including restaurants, beer gardens, fitness, childcare, and all medical related concepts. The retail availability can be divided and it will become available by the end of 2016.

For more, download the full article in PDF

NYRE Journal_072815_Boutross, Kaplan and Podolsky of Winick Realty market retail space at 66 Ainslie Street

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.