From the monthly archives: "August 2015"

Citybizlist

Colliers International and Winick Realty Group Import London-Based Savoir Beds to Upper East Side 

Charles_RapuanoMWest Holdings, a privately-held real estate investment firm, has signed a long-term lease with Savoir Beds for 3,295 square feet of retail at 223 East 59th Street. The new lease encompasses 1,665 square feet on the ground floor and 1,630 square feet in the mezzanine. This will be Savoir’s first company-owned store in New York, scheduled to open this fall.

Widely regarded as the world’s most luxurious sleeping system, the London-based company has served luminaries as diverse as Sir Winston Churchill, Giacomo Puccini and Marilyn Monroe for more than 100 years. First created for The Savoy Hotel in London in 1905, their tailor-made beds can be made to any size or shape, stand alone or sport a bespoke headboard, be beautifully upholstered or made to fit into an existing frame.

Savoir Beds, which has an additional location in SoHo, is expected to open their Midtown store by early winter 2015. With 25 feet of all-glass frontage, the brand is poised to attract customers from the Decoration & Design Building across the street and nearby Bloomingdale’s.

“Savoir Beds is one of the most recognizable and respected luxury bed makers in the world,” said Peter Simel, a Managing Director with Colliers International, who along with Tri-State Vice Chairman James Emden, and Associate Timothy Pond arranged the lease on behalf of the tenant. “They are a wonderful, international brand opening their first company-owned store in New York City, in a well-located MWest building in a prime neighborhood.”

Winick Realty Group President Steven E. Baker, Charles Rapuano and Jeremy Wintner represented landlord MWest Holdings LLC. in the lease transaction. Savoir Beds is the latest in a string of high-profile, luxury tenants to lease space in the area, joining The Rug Company and The Shade Store on the block. With this new lease, Rapuano noted that he is seeing more interest from landlords looking to upgrade their tenancy as leases come to term.

“Brands like Savoir Beds are ushering in a sea change in the neighborhood,” said Rapuano. “MWest Holdings believes they will be a great addition to the neighborhood and has no doubt that they will be successful in the space for a long time.”

The four-story property at 223 East 59th Street is located between 2nd and 3rd Avenues in the heart of the busy Lenox Hill residential and shopping corridor. The building sits in close proximity to multiple transportation options, including the 6 subway line, multiple bus routes, and the FDR Drive.

For more, download the full article in PDF

citybiz-083115-Colliers International and Winick Realty Group Import London-Based Savoir Beds to Upper East Side

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 Observer

Luxury Bed Maker to Rest In New Upper East Side Location

223 east 59th streetA custom bed maker is laying down in a mixed-use Upper East Side building.

Savoir Beds, which crafts tailor-made luxury beds, has signed a new 10-year lease to open a location in a 3,295-square-foot space at 223 East 59th Street, Commercial Observer has learned.

The store, which will open in the fall, will occupy 1,665 square feet in the ground floor and 1,630 square feet in the mezzanine level of the four-story building between Second and Third Avenues. Asking rent in the deal was $200 per square foot, according to a spokesman for Colliers International, which handled the deal for the tenant.

A franchised Savoir store opened in Soho earlier this year, but the Upper East Side location will be owned directly by the London-based company.

“They are a wonderful, international brand opening their first company-owned store in New York City, in a well-located building in a prime neighborhood,” Peter Simel of Colliers International, who worked on the deal will colleagues Timothy Pond and James Emden, said in prepared remarks.

Charles Rapuano, Jeremy Wintner and Steven Baker of Winick Realty Group represented the owner of the building, MWest Holdings.

The more than century-old bed fabricator has serviced well-known figures, including Sir Winston Churchill and Marilyn Monroe among others.

“Brands like Savoir Beds are ushering in a sea change in the neighborhood,” Mr. Rapuano said. “MWest Holdings believes they will be a great addition to the neighborhood and has no doubt that they will be successful in the space for a long time.”

For more, download the full article in PDF

NY Observer-083115-Luxury Bed Maker to Rest In New Upper East Side Location

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.

Mid-AtlanticWEB455

Winick Realty Group’s Gary Krauss signs Jersey Mike’s leases in five new markets

Gary Krauss - Phil Nisbet-edtdWinick Realty Group announced that Gary Krauss, the broker for Jersey Mike’s in New Jersey, has negotiated five new leases on behalf of the popular sandwich chain. In each of the lease transactions, Jersey Mike’s will be entering the market for the first time.The restaurant leased 1,800 s/f at 1350 Galloping Hill Rd., part of the Galloping Hill Shopping Center in Union. The center faces a six-way intersection, sits a half-mile from the Garden State Parkway and abuts Merck & Company’s headquarters, all factors that bring a large daytime population to the market. This is the second location for Jersey Mike’s operator Phil Nisbet, who also runs the brand’s Warren, NJ location. Landlord Alshak Realty was represented by Marcia Minton of Levin Management.Jersey Mike’s entered the West Caldwell Market with a 1,427 s/f lease at 757 Bloomfield Ave., where Jersey Mike’s is replacing a Just Salad location. This is the ninth location for Jersey Mike’s operators Matt Catania and John Helm. Landlord MSM Center Associates was represented by Glenn Evans of Team Resources, Inc.In Hillsborough, Jersey Mike’s signed a lease to join a new development being added onto the Walgreens-anchored Shoppes at Raider Blvd. The 1,600 s/f storefront sits at the signalized intersection of Route 206 and Raider Blvd. This is the first location for Jersey Mike’s operators Jesse Allen and Amanda Taibe. Landlord Hillsborough Lawn & Garden Equipment, Inc. was represented in-house by Sean Leonard, principal.Replacing an existing Subway restaurant, Jersey Mike’s leased 1,300 s/f for a corporate store at 2100 Route 35 in Ocean Township. Less than three miles from New Jersey beaches, this location is at the busy signalized intersection of Route 35 and West Park Ave., where it will service residents of the affluent shore towns of Elberon, Deal and West Long Branch.  Jersey Mike’s joins a popular Starbucks location, as well as Supercuts, at the center. Rite Aid Pharmacy and BJ’s Wholesale Club are also located nearby. Landlord DAG Properties, LLC was represented by Sal Dellomo of Summit Realty Services.Finally, the restaurant chain leased 1,200 s/f for a corporate store at 1260 Springfield Ave., part of The Village Shopping Center in New Providence. This A&P-anchored shopping center is home to Smashburger, Starbucks and an authentic Chinese Dim Sum restaurant. The center also includes a Chipotle Mexican Grill whose lease was negotiated by Winick Realty Group NJ senior vice president and founding partner Daniel Spector. “This space was skirting the smaller side of Jersey Mike’s prototype, but since we knew Chipotle was going in, I recommended to Jersey Mike’s that they find a way to fit into space directly adjacent,” said Krauss, who also negotiated the lease for Pure Barre, a few doors down in the same center.  “Their architect did an amazing job.  It’s a home-run lineup:  Starbucks, Chipotle, and then Jersey Mike’s.  Sales have been excellent.”   Landlord Urstadt Biddle Properties was represented by CJ Huter of The Goldstein Group.

For more, download the full article in PDF

Mid-Atlantic Real Estate Journal_082615_Winick Realty Group’s Gary Krauss signs Jersey Mike’s leases in five new markets

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

On The Scene

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.

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

rew_082615_On The Scene

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

Winick Realty Group markets Midtown corner retail opportunity on behalf of Fetner

Steven E BakerWinick Realty Group president Steven Baker, Aaron Fishbein and Jeremy Wintner have been named the exclusive brokers marketing a high-visibility corner retail opportunity in the heart of Midtown West.

Owned by Fetner, the retail at 561 10th Ave. sits at the base of The Victory, a 420-unit rental building located on the Northwest corner of West 41st St. The building is situated directly across from MiMa and YOTEL New York and just north of the Hudson Yards Development. On the adjacent corner sits Extell’s new 52-story tower at 555 Tenth Ave., which will bring a 300-bed student dormitory and 600 rental apartments to the neighborhood. Port Authority and the Times Square subway station are also in close proximity to the site, offering ample transportation options.

“Midtown West is one of the most dynamic neighborhoods in Manhattan. Between the Hudson Yards project, which is just steps away from this building, and all of the other development happening nearby, the area is going through incredible changes that are bringing a new class of resident, office worker and tourist to the area,” said Baker. “We are proud to work with Fetner to find the ideal tenant to serve this booming population.”

Currently home to Personal Touch and Subway Sandwich Shops, ownership plans to combine the two spaces into one 1,475 s/f retail store with approximately 70 feet of wraparound corner frontage, creating rare visibility and branding potential.

Baker, Fishbein and Wintner are seeking tenants who will be an amenity for the residents of the building, including cafes or wine bars. Divisions will be considered.

For more, download the full article in PDF

NYRE Journal_082515_Winick Realty Group markets Midtown corner retail opportunity on behalf of Fetner

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

Baker and Fishbein of Winick lease 2,400 s/f; Represented landlord, TF Cornerstone

7 East 14th Street pictureWinick Realty Group has completed leasing efforts at the former Radio Shack space at 7 East 14th St. Working on behalf of TF Cornerstone, Winick Realty Group president Steven Baker and Aaron Fishbein leased the 2,400 s/f space to Ricky’s, who are expanding their existing Union Sq. location.

On the heels of this, TF Cornerstone has now tasked Baker and Fishbein with leasing the adjacent space, which is currently occupied by Acqua Beauty Bar. Located between University Pl. and Fifth Ave., the space offers 3,277 s/f of ground floor retail and 26′ 5″ of 14th St. frontage that will capture the residential, professional, student, tourist and consumer traffic coming from not only Union Sq., but also the nearby Flatiron District.

“This is one of the best retail locations in Manhattan,” said Baker. “Union Sq. is a truly dynamic, 24/7 neighborhood with an unmatched cotenancy that includes Whole Foods, Nordstrom Rack and DSW, among countless others. We look forward to working with TF Cornerstone once again to find the ideal tenant for this latest availability at 7 East 14th St.”

For more, download the full article in PDF

NYRE Journal_082515_Baker and Fishbein of Winick lease 2,400 sf; Represented landlord, 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.