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Citybizlist

Winick Realty Group Leases First Showroom for Innovative Hair Care Start-Up Function of Beauty

Function of Beauty, a New York-based startup that uses a proprietary algorithm to create personalized shampoos and conditioners, has signed a lease at 355 West Broadway, located between Broome and Grand Streets in the heart of SoHo.

The company, which was founded by MIT graduate Zahir Dossa in December 2015, will occupy the building’s fourth and fifth floor duplex with office space and an exclusive showroom. Each floor measures 1,100 square feet, including an outdoor patio, and a dedicated elevator that provides access to each floor, making it possible for Function of Beauty to bring customers into the showroom without walking them through the office space. Ownership gut renovated the building, creating an all-glass window line on the front and rear of the upper floors that brings striking natural light into the space.

“Function of Beauty spent six months searching for the perfect brick-and-mortar location. First they focused on ground-floor retail sites but soon realized that a showroom like this would not only befit the exclusive, by-appointment nature of their business but also give them an eye-catching, Instagram-worthy space that is well-suited for such a social media-savvy brand,” said Daniyel Cohen, an associate at Winick Realty Group.

Cohen represented Function of Beauty along with Winick Realty Group President Steven E. Baker, while Winick Realty Group’s Executive Vice President Lee Block represented landlord Quality Capital.

Function of Beauty is expected to open their office and showroom in Fall 2017, when clients will be able to come in for appointment-only consultations that result in up to 12 billion different shampoo and conditioner formulations.

“With Function of Beauty, we are able to take an industry that has been stagnant for many years and turn it into something personalized and experiential for our customers,” said Dossa. “Having this showroom allows our customers to get a first-hand look at how their individualized hair care products are formulated in ways that celebrate their unique hair type and beauty goals.”

Along with colleagues Renee Tabache and Spencer Bowers, Block is continuing to market the remaining retail and showroom space in the five-story building, seeking tenants who will complement Function of Beauty, as well as the surrounding SoHo shopping district. The 2,100-square-foot, ground-floor retail space features an exposed brick interior with an open layout and no columns, as well as prominent flagpole signage. On the second and third floors, up to 3,600 square feet of showroom space is available with outdoor terraces on each floor, a new elevator and a fully built-out space ready for a tenant to move in once a lease is signed.

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citybiz-103017-Winick Realty Group Leases First Showroom for Innovative Hair Care Start-Up Function of Beauty

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

Pioneer Building lands Blick Art Materials, Smoothie King as retail tenants

Three national and international retailers and a fast-growing café concept have leased more than 10,000 S/F of space in the Pioneer Building at 41 Flatbush Avenue.

CPEX Real Estate’s Brooklyn Retail Leasing Team, consisting of managing director Ryan Condren and associate director George Danut, represented the landlord in all four lease transactions.

All four tenants are expected to move in by the end of this year.

Blick Art Materials will occupy approximately 7,700 s/f of space on the ground level and lower level.

Since 1911, artists of all ages and skill levels have looked to Blick for a wide range of high-quality art supplies at affordable prices, supported by a team of knowledgeable associates and a 100% satisfaction guarantee.

Now in its third generation of family ownership, Blick currently has more than 65 retail stores in 25 states across the country. Joshua Siegelman of Winick Realty represented the tenant.

Smoothie King will lease approximately 1,200 s/f of ground floor retail space. Blending fruit and vegetable smoothies with high-quality ingredients since 1973, Smoothie King has more than 800 locations in over 130 countries around the globe.

The Pioneer Building will be its third location in New York City. The tenant was represented by Nick Masson of Schuckman Realty.

Coffee Project New York has agreed to lease approximately 1,000 s/f of space on the ground floor.

Voted “New York’s Most Loved Café” by Time Out New York in 2016, this will be its first location in Brooklyn. Alexander Karas of Winick Realty represented the tenant in lease negotiations.

United Parcel Service (UPS), the world’s largest package delivery company, will occupy approximately 800 s/f of ground floor space at 41 Flatbush Avenue. HUDSON’s Nicole Liebman represented UPS in the transaction.

“We are happy with this mix and caliber of tenants for the Pioneer Building,” said Tyler Wilkins, partner at Quinlan Development Group.

“This lineup will provide a good set of amenities to the office residents upstairs and the neighborhood.”

CPEX is exclusively marketing approximately 12,000 s/f of remaining available space on Flatbush Avenue and Rockwell Place.

Targeted uses include gourmet markets, cafés, fitness operators, traditional retail, and restaurants or gastro pubs, with a lease currently out with a day care operator. Asking rent for the remaining available space ranges from $80 to $140 per square foot.

Located at the intersection of the BAM Cultural District, Fort Greene, and Boerum Hill in Downtown Brooklyn, the Pioneer Building is a ten-story, 260,000 s/ft Class A office building.

The nearby Atlantic Terminal-Barclays Center subway station offers access to nine different subway lines, plus four others within a three-minute walking radius. The space is close to the Fulton Street Mall and Atlantic Terminal Mall, as well as several other national retailers that include an Apple store and Whole Foods.

Quinlan Development Group and Building and Land Technology (BLT) own and operate the property. They recently completed a $30 million redevelopment to convert the former storage facility into a 24/7 Class A office building with ground floor retail.

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rew_102517_Pioneer Building lands Blick Art Materials, Smoothie King as retail tenants

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

Blick Art Materials Among Retailers Opening Outposts in DoBro

Illinois-based Blick Art Materials has inked a 7,700-square-foot deal at 41 Flatbush Avenue, also known as the Pioneer Building, in Downtown Brooklyn, Commercial Observer has learned.

The company, a third-generation store that sells a wide variety of art supplies, will occupy a 1,400-square-foot part of the ground floor and 6,300 square feet on the lower level of the building between Livingston Street and Lafayette Avenue, according to information provided by CPEX Real Estate. The asking rent for the ground-floor section was $125 per square foot, and the deal is for 10 years.

Blick currently operates more than 65 retail stores in 25 states around the country. The company has six locations in the Big Apple, including one soon-to-be opened outpost in Harlem at 261 West 125th Street between Frederick Douglass and Adam Clayton Powell Jr. Boulevards. The new store in Downtown Brooklyn will be the second in Brooklyn. The first Kings County location is at 536 Myrtle Avenue between Grand Avenue and Steuben Street in the Clinton Hill section of the borough.

CPEX’s Ryan Condren and George Danut handled the deal for the landlords, Quinlan Development Group and Building and Land Technology. Winick Realty Group’s Joshua Siegelman brokered the deal for the tenant. Siegelman declined to comment via a spokeswoman.

In addition to Blick, there were three smaller-sized retail transactions at the building, which recently underwent a $30 million gut renovation, with designs by Beyer Blinder Belle, as CO previously reported. Each of the tenants are expected to move in by the end of the year. Their asking rents were $125 per square foot and the leases are all for 10 years.

Smoothie King, which makes fruit and vegetable drinks for more than 800 locations around the globe, will take part of the ground floor in a 1,200-square-foot transaction for 10 years. This will be its third location in New York City. Nick Masson of Schuckman Realty handled the deal for Smoothie King.

Coffee Project New York, a coffee shop, completed a 10-year, 1,000-square-foot lease on the ground floor for its first location in Brooklyn. Alexander Karas of Winick represented the tenant.

And the United Parcel Service (UPS) took an 800-square-foot ground floor space for The UPS Store. Hudson’s Nicole Liebman represented UPS in the 10-year transaction.

“We are happy with this mix and caliber of tenants for the Pioneer Building,” Tyler Wilkins, a partner at Quinlan Development Group, said in a statement. “This lineup will provide a good set of amenities to the office residents upstairs and the neighborhood.”

There is still 12,000 square feet of retail space available at the building, which is being marketed exclusively by CPEX. The brokerage is targeting gourmet markets, cafés, fitness centers, restaurants and gastro pubs. Asking rent for the remaining available space ranges from $80 per square foot to $140 per square foot.

“The secured tenants form a solid foundation for the overall activity at the base of the Pioneer Building,” Danut said in a prepared statement.

Digital media and podcast production company Gimlet Media signed a nearly 27,000-square-foot lease at the building to be the first office tenant, as CO reported in June.

For more, download the full article in PDF

NY Observer-102017-Blick Art Materials Among Retailers Opening Outposts in DoBro

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.

The 10 biggest retail leases of September

The retail leasing summer slowdown in New York City has continued into the fall.

The 10 biggest retail lease deals made public last month totaled 157,392 square feet, down 27,761 square feet from last month’s total of 185,153 square feet. The largest retail lease in September was for an entertainment space in Times Square.

9) Muses 35 Bar, 248 West 35th Street, Midtown South – 8,000 square feet

The karaoke bar signed a lease for 8,000 square feet of retail space at 248 West 35th Street. Richard Smith of Winick Realty Group represented the tenant. Albert Manopla of Kassin Sabbagh Realty represented the landlord, 248 West 35th Street LLC.

For more, download the full article in PDF

THE REAL DEAL_100517_The 10 biggest retail leases of September

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.

For the Record

Chelsea Piers inked a deal for 52,000 square feet at 33 Bond St. The 22-year-old entertainment and sports firm plans to open a gym in the Downtown Brooklyn building. The average asking rent for the ground-floor space was $100 per square foot. The landlord, TFC, was represented in-house along with a team from Winick Realty group. The tenant was represented in-house.

For more, download the full article in PDF

CRAIN’S_091017_For the Record

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

Juice Generation opening at 10 Astor Place

Newmark Holdings announced that &pizza and Juice Generation have taken space at 740 Broadway and 10 Astor Place, respectively.

&pizza, a popular Washington, D.C.-based brand, has leased a 1,500 s/f store at 740 Broadway, a 12-story, Noho building.

Juice Generation juice bar signed an 850 s/f lease at neighboring 10 Astor Place, a seven-story mixed-use building.

Donna Vogel of Newmark Holdings and Ross Kaplan of Newmark Grubb Knight Frank Retail represented the ownership in the deals with &pizza and Juice Generation. Michael Cohen from RKF acted on behalf of &pizza and Steve Baker of Winick Realty Group represented Juice Generation.

“We are excited for &pizza and Juice Generation to join the mix of health and wellness tenants at 740 Broadway and 10 Astor, respectively,” said Vogel.

For more, download the full article in PDF

rew_081717_Juice Generation opening at 10 Astor Place

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.