From the monthly archives: "January 2016"

Globe Street

Nordstrom Boosts Planned Manhattan Store

3-Columbus-Circle (1)Even though Manhattan’s first Nordstrom hasn’t opened yet, the store already is expanding.

SL Green Realty Corp. and the Moinian Group have signed a 43,000-square-foot, 23-year lease with the upscale department store to anchor three levels of retail space at 3 Columbus Circle. The new store will serve as an expansion of the Nordstrom full-line flagship store, which is slated to debut on West 57th Street in 2018.

The transaction involved a series of lease modifications and relocations—including the buyout of the corner bank branch in advance of lease expiration—continuing SL Green’s strategy of replacing below market leases throughout its portfolio, according to an announcement from both companies.

New Yorkers have waited a long time to welcome Nordstrom, a retailer that flourishes throughout the United States and which will further solidify Midtown Manhattan as the destination for high-end retail shopping,” notes Brett Herschenfeld, SL Green managing director, “We are thrilled that such a prestigious, world-class retailer will anchor 3 Columbus Circle at the corner of Broadway and 57th Street.”

Derek Trulson from JLL and Stephen Stephanou from Crown Retail Services represented Nordstrom while Jeff Winick of Winick Realty Group acted on behalf of the landlord.

For more, download the full article in PDF

globe street-012916-Nordstrom Boosts Planned Manhattan 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.

New York Observer

Nordstrom Opening Men’s Store Near Planned Megastore

3cc observerNordstrom has inked a deal to open a massive men’s store at 3 Columbus Circle in anticipation of its much larger general store nearby on West 57th Street.

The Seattle-based department store signed a 43,000-square-foot retail lease at the full-block building between West 57th and West 58th Streets and Broadway and Eighth Avenue, according to a press release from SL Green Realty Corp., which owns 3 Columbus Circle with The Moinian Group.

Retail asking rents at the property have gone as high as $800 per square foot, according to Crain’s New York Business, which first reported news of the deal.

“We are thrilled that such a prestigious, world-class retailer will anchor 3 Columbus Circle at the corner of Broadway and 57th Street,” said Brett Herschenfeld, a managing director at SL Green, in prepared remarks. “New Yorkers have waited a long time to welcome Nordstrom, a retailer that flourishes throughout the United States and which will further solidify Midtown Manhattan as the destination for high-end retail shopping.”

Derek Trulson of JLL and Stephen Stephanou of Crown Retail Services represented Nordstrom in the deal, while Jeff Winick of Winick Realty Group represented the landlord. A JLL spokesman did not immediately return a request for comment.

Part of the deal is to move a Bank of America branch out of the location. SL Green executives said in the release that the relocation of the bank was part of a push to relocate tenants paying below market rents. Bank of America signed a 3,000-square-foot lease nearby at 250 West 57th Street between Broadway and Eighth Avenue, Crain’s reported.

Nordstrom is slated to open its first-ever New York City location at Gary Barnett’s Central Park Tower at 225 West 57th Street between Seventh Avenue and Broadway. The retailer owns the 400,000-square-foot commercial condominium at the base of the tower.

For more, download the full article in PDF

NY Observer-012816-Nordstrom Opening Men’s Store Near Planned Megastore

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

New York Kids Club signed a 3,800 SF lease at 1827 First Ave. Neal Ohm repped the tenant. Winick Realty Group’s Steven Baker, Aaron Fishbein and Jeremy Wintner repped the landlord.

For more, download the full article in PDF

real estate bisnow 01-26-16

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.

Globe Street

Deal Tracker

steven-baker-258x300New York Kids Club has signed a long-term lease at 1827 First Ave., located on the Northwest Corner of First Avenue and East 94th St. The 3,824-square-foot space sits at the base of the Chesapeake, a 208-unit luxury rental apartment building owned by Fetner. Winick Realty Group president Steven Baker represented the landlord, along with Aaron S. Fishbein and Jeremy Wintner. The tenant was represented by Neal Ohm of Neil Cabot Ohm.

For more, download the full article in PDF

globe street-012216-Deal Tracker

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 Leases New York Kids Club Location at the Base of Fetner’s The Chesapeake

New York Kids Club, the popular children’s enrichment center offering classes, day camps and events at more than 10 locations throughout New York City, has signed a long-term lease at 1827 First Avenue, located on the Northwest Corner of First Avenue and East 94th Street.

The 3,824-square-foot space is located at the base of The Chesapeake, a 208-unit luxury rental apartment building owned by Fetner. The building sits one block from the new Second Avenue Subway entrance coming soon to East 94th Street and Second Avenue, and it is surrounded by residential developments, parks and schools drawing families from across the Upper East Side.

“New York Kids Club is a great complement to the building as they will be an incredible amenity for the many families who live here,” said Winick Realty Group President Steven E. Baker, who represented landlord Fetner along with Aaron S. Fishbein and Jeremy Wintner. “We are pleased to have been able to complete the leasing assignment, bringing this high-class tenant to the neighborhood.”

The new location for New York Kids Club, which is expected to open by the end of 2016, features 120 feet of wraparound all-glass frontage for maximum branding and visibility. New York Kids Club was represented by Neal Ohm.

For more, download the full article in PDF

citybiz-012016-Winick Realty Group Leases New York Kids Club Location at the Base of Fetner’s The Chesapeake

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

New York Kids Club to Open Second UES Outpost

1827 1st ave observerNew York Kids Club, the popular children’s center offering preschool classes, day camps and parties, has signed a 12-year lease at 1827 First Avenue, a rental apartment building also known as The Chesapeake.

Commercial Observer has learned that the club, which has 10 locations throughout New York City, will occupy a 3,824-square-foot space on the ground floor of the 208-unit building between East 94th and East 95th Streets. The asking rent in the deal was $100 per square foot. Developer Fetner Properties owns the building, which has an alternate address of 345 East 94th Street.

“New York Kids Club is a great complement to the building as they will be an incredible amenity for the many families who live here,” Winick Realty Group’s Steven Baker, who represented the landlord with colleagues Aaron Fishbein and Jeremy Wintner, said in prepared remarks. “We are pleased to have been able to complete the leasing assignment, bringing this high-class tenant to the neighborhood.”

The new center is expected to open by the end of 2016 in the 30-story building. It will be the second Upper East Side location for New York Kids Club, which already has an outpost at 219 East 67th Street between Second and Third Avenues.

“The building is a great high rise on the Upper East Side,” independent broker Neal Ohm of Neal Cabot Ohm, who represented the children’s group in the deal, told CO. “[New York Kids Club’s] model can support the density with another location in that area.”

New York Kids Club is also planning to open an new location in the Dumbo section of Brooklyn in 2017, according to its website, which will be its fourth location in the borough. Mr. Ohm declined to provide more details about the Dumbo space.

For more, download the full article in PDF

NY Observer-011916-New York Kids Club to Open Second UES Outpost

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.