From the monthly archives: "April 2017"

New York Observer

Gracia Fashion Moving to New Garment District Retail Location

225w39Women’s clothing brand Gracia Fashion has agreed to take 9,500 square feet of retail space at landlord Walter & Samuels’ 225 West 39th Street in the Garment District, Commercial Observer has learned.

In a 10-year deal, Gracia signed on earlier this month for 5,000 square feet of ground-level space and another 4,500 square feet of lower-level space at the 12-story, 90,000-square-foot office and retail building between Seventh and Eighth Avenues.

Asking rent for the ground-floor space was $105 per square foot, according to sources with knowledge of the transaction. Gracia will relocate from its existing retail location three blocks south at 217 West 36th Street in the next several months, after building out the new space.

Lee Block and Danielle Winick of Winick Realty Group represented the tenant, while Peter Weiss of Walter & Samuels represented the landlord in-house.

In a release announcing the deal, Walter & Samuels Chairman David I. Berley—whose firm has owned 225 West 39th Street for more than 30 years—noted the retail location’s high ceilings and 45 feet of street-level frontage, and described the 1910 property as a “historical building with great bones.”

Winick’s Lee Block described Gracia Fashion, which was established in 1998, as a “successful women’s clothing brand with a solid reputation born from a loyal customer base and a long-standing history” in the Garment District, per the release.

Office tenants at 225 West 39th Street include Israeli-American fashion designer Yigal Azrouël and nightlife promoter Joonbug, as well as numerous small- and mid-sized fashion tenants.

For more, download the full article in PDF

NY Observer-042517-Gracia Fashion Moving to New Garment District Retail 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.

New York Observer

Artists & Fleas Retail Bringing Pop-Up Marketplace to Soho

568-broadway-photo-costar-groupArtists & Fleas, which creates curated retail marketplaces with products made by local designers, artists and independent brands, has found another location to set up shop, Commercial Observer has learned. This one is at 568 Broadway in Soho, in space formerly occupied by Armani Exchange at the corner of Prince Street.

The 13-year-old Artists & Fleas, which launched in an empty warehouse in Williamsburg, Brooklyn as a weekly marketplace, has signed a one-year deal for 10,250 square feet of ground-floor retail space at 568 Broadway, according to Bonnie Shapiro, the director of leasing for Allied Partners and who worked on the license agreement. The asking rent was $250,000 per month, a source with knowledge of the deal said, adding, “Artists & Fleas is paying a rent that is substantially lower than the market rent.”

The marketplace will open May 12, according to a spokeswoman for Artists & Fleas.

While the merchant mix will be “culled from” brands at the other Artists & Fleas locations, the Soho market “is being curated with an eye towards merchants, products and styles that have unique appeal to the Soho demographic and the Artists & Fleas psychographic that shop downtown,” Ronen Glimer, co-founder of Artists & Fleas, said in prepared remarks. “The vibe and fit-out will be consistent with the Artists & Fleas brand experience. …Additionally, we plan to open a partner innovation and activation space later this summer.”

The 12-story office building at 568 Broadway, which is owned by Aurora Capital Associates, the Adjmi family and Allied Partners, amasses 350,000 square feet, and is home to retail tenants Forever 21 and Equinox Fitness as well as office tenants Foursquare and Thrillist Media Group and Scholastic.

Winick Realty Group’s Aaron S. Fishbein and Daniyel Cohen represented the tenant in the deal. Fishbein would only confirm the duo represents Artists & Fleas and is looking for “a flagship long-term opportunity” for the marketplace.

Aurora’s Jared Epstein negotiated the deal on behalf of the owners with assistance provided by Winick’s Richard Smith and Alec Stone. While Epstein declined to provide any deal information, he emailed: “I strongly believe that Artists & Fleas will add a unique element of excitement and vibrancy to the shopping experience on Broadway in Soho.”

Shapiro had a similar sentiment: “I think it’s a very exciting tenant with a lot of cachet for our property.”

Artists & Fleas has a daily market inside Chelsea Market at 88 10th Avenue at West 15th Street, a weekend location at 70 North 7th Street in Williamsburg, Brooklyn, plus two spots in Los Angeles.

For more, download the full article in PDF

NY Observer-041417-Artists & Fleas Retail Bringing Pop-Up Marketplace to Soho

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.