From the monthly archives: "April 2016"

Mid-AtlanticWEB455

Winick Realty inks $23.65 million shopping center sale

The Crossings at Marshall's CreekWinick Realty Group’s Investment Sales Team announced the successful sale of The Crossings at Marshall’s Creek in East Stroudsburg, PA.

The 106,616 s/f, grocery-anchored retail center sits on 12.5 acres at the intersection of State Route 209 and Oak Grove Drive (State Route 402).

Michael Cleeman and Dovid Kaufman represented both the seller, CBL & Associates Properties, Inc., and the buyer, Bluejay Management of NYC, in the $23.65 million off-market transaction.

“The seller developed the  property in 2013 and was looking to divest and relocate their capital into other opportunities,” said Cleeman, senior vice president of investment sales. “The buyer was attracted to the property’s retail dominance along the Pennsylvania – New Jersey border. Having a newly-built grocer anchor with a healthy rent to sales ratio, as well as the upside potential in leasing up the vacant space, made this property desirable.”

At the time of the closing, The Crossings at Marshall’s Creek was 94% occupied. The center is anchored by a 24-hour Price Chopper, Rite Aid, STS Tire and Family Dollar, and several regional shops.

For more, download the full article in PDF

Mid-Atlantic Real Estate Journal_049216_Winick Realty inks $23.65 million shopping center sale

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

michael-cleeman-print-ver-profile-001Winick Realty Group’s Investment Sales Team announced the successful sale of a new TD Bank under construction in Geenlawn, NY. The 2,500 square-foot bank sits on an approximately 1.8 acre corner parcel at the intersection of Pulaski Road and Cuba Hill Road, adjacent to the BAE Systems office complex, in the town of Huntington on Long Island.

Michael Cleeman, Senior Vice President of Investment Sales represented the 1031 exchange buyer in the $4,650,000 transaction. Seller CLC Greenlawn LLC was represented by Stan Johnson Company and GFI Realty Services.

“The buyer was attracted to the strong demographic location with average household incomes above $135,000, traffic counts of over 25,000 VPD and the stability of a new 20 year lease that was recently executed,” said Cleeman.

For more, download the full article in PDF

rew_042816_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.

Real Estate Weekly

Benjamin Moore makes move to 10th

766-10th-avenueWinick Realty Group President Steven E. Baker and Charles Rapuano successfully completed leasing efforts at 766 Tenth Avenue, a stand-alone, one-story building located on the corner of 10th Avenue and West 52nd Street in Hell’s Kitchen.

Working on behalf of landlord 9300 Realty, Baker and Rapuano negotiated a long-term lease at the space for Benjamin Moore Janovic Paint and Decorating Center, who was represented by Corey Zolcinski of Jones Lang LaSalle Americas.

“Benjamin Moore Janovic Paint and Decorating Center has one of the best reputations as a paint and home decoration store in Manhattan,” said Rapuano.

“We feel they will be a great fit for the neighborhood as so many newly-constructed residences are popping up throughout the West Side of Manhattan.”

This new location at 766 Tenth Avenue, which is expected to open in fall 2016, will replace the company’s current store at 771 Ninth Avenue. Benjamin Moore Janovic Paint and Decorating Center will occupy 3,100 s/f of retail on the ground floor, as well as 1,000 s/f of basement space. The space is set to undergo a full gut renovation, including a new storefront on West 52nd Street.

For more, download the full article in PDF

rew_042716_Benjamin Moore makes move to 10th

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

Blue Dog Cafe taking a big bite out of Manhattan

bluedog-e1461777653176-938x535Blue Dog Café, the made-to-order restaurant concept with five Manhattan locations, signed a lease for their sixth storefront at 115 East 27th Street between Park and Lexington Avenues.

Winick Realty Group’s Aaron S. Fishbein and Jeremy Wintner represented the tenant in the 15-year lease, while landlord Schube, LP was represented by Salon Realty.

Blue Dog Café will occupy 500 s/f on the ground floor, as well as 250 s/f in the basement, in a space that sits adjacent to the lobby of TF Cornerstone’s newly-renovated office building.

Fishbein and Winick Realty Group president Steven E. Baker recently leased the retail in that adjacent building to Barry’s Boot Camp and Artisanal Bistro, creating an incredible tenant mix that attracted Blue Dog Café to the area.

“With this lease, Blue Dog Café is well-positioned to reach the local office population and the NoMad residential population, who have demonstrated a growing need for a boutique café to complement the existing retail in the neighborhood,” said Wintner.

Wintner and Fishbein are continuing to work with Blue Dog Café as they expand throughout Manhattan.

For more, download the full article in PDF

rew_042716_Blue Dog Cafe taking a big bite out of Manhattan

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

Midtown, Midtown South See Relocations, Expansions

Charles_RapuanoBenjamin Moore Janovic Paint and Decorating Center has signed a long-term, 4,100-square-foot lease at 766 10th Ave. The tenant was represented in the transaction by Corey Zolcinski of JLL Americas while the landlord, 9300 Realty, was represented by Winick Realty Group president Steven Baker and Charles Rapuano. The new location, which is expected to open in fall 2016, will replace the company’s current store at 771 Ninth Ave.

For more, download the full article in PDF

globe street-042716-Midtown, Midtown South See Relocations, Expansions

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

Blue Dog Cafe Barks Up New NoMad Location

jeremy-wintner-print-ver-profile-001Blue Dog Café, the quality made-to-order restaurant concept with five Manhattan locations, signed a lease for their sixth storefront at 115 East 27th Street between Park and Lexington Avenues.

Winick Realty Group’s Aaron S. Fishbein and Jeremy Wintner represented the tenant in the 15-year lease, while landlord Schube, LP was represented by Salon Realty.

Blue Dog Café will occupy 500 square feet on the ground floor, as well as 250 square feet in the basement, in a space that sits adjacent to the lobby of TF Cornerstone’s newly-renovated office building. Fishbein and Winick Realty Group President Steven E. Baker recently leased the retail in that adjacent building to Barry’s Boot Camp and Artisanal Bistro, creating an incredible tenant mix that attracted Blue Dog Café to the area.

“With this lease, Blue Dog Café is well-positioned to reach the local office population and the NoMad residential population, who have demonstrated a growing need for a boutique café to complement the existing retail in the neighborhood,” said Wintner. “They are an established tenant with a great concept and they will fill that role well.”

Wintner and Fishbein are continuing to work with Blue Dog Café as they expand throughout Manhattan.

For more, download the full article in PDF

citybiz-042616-Blue Dog Cafe Barks Up New NoMad 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.