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For the Record

Absolute New York signed a deal for 10,000 square feet at 128 W. 34th St. The cosmetics company plans to use 2,200 square feet of the space for retail. The asking rent was $1.3 million per year. Newmark Knight Frank Retail brokered the deal for the landlord, Stahl Organization, along with NKF. Winick Realty Group represented the tenant.

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CRAIN’S_012218_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.

New York Observer

Cosmetics Company Absolute New York Leases West 34th Street Site for US Flagship

Cosmetics company Absolute New York is opening its first American flagship retail location in the heart of New York City, Commercial Observer has learned.

The Port Washington, N.Y.-based company, which sells makeup, brushes, accessories as well as hair care and skin care products, will be setting up shop at 128 West 34th Street, opposite Macy’s. The company has leased the entire five-story, 10,000-square-foot building between Broadway and Seventh Avenue, but only plans to retail on the 2,200-square-foot ground floor, according to information provided by Jeffrey Roseman of Newmark Knight Frank Retail. He represented the landlord, Stahl Organization, along with NKF’s Marc Leber. But Absolute New York will use the entire facade for signage. The asking rent was $1.3 million per year, Roseman said.

“Absolute New York was looking for a very prominent location to launch their retail platform in the United States,” said Winick Realty Group‘s Lee Block, who along with Spencer Bowers worked on behalf of the tenant. “This location gave them the unbelievable foot traffic and visibility that only 34th Street can offer across from Macy’s and Herald Square.”

While Absolute New York is featured in its own stores overseas as well as in third-party retailers like Walgreens, Boots and CVS in the United States, this is its first standalone store in this country.

Absolute New York’s new Herald Square space most recently housed discount clothing store Cliquers, and before that, legendary shoe company A.S. Beck, which closed in 1982.

“This was a win-win deal for both sides, Roseman said in prepared remarks. “The tenant gets a once-in-a-lifetime opportunity to open a store in the shadow of the greatest department store in the world, and the landlord gets a stable tenant in an evolving retail climate.”

Absolute New York’s plans call for multiple locations throughout New York City once the first one opens in the spring, Block said.

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NY Observer-011018-Cosmetics Company Absolute New York Leases West 34th Street Site for US Flagship

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

Columbia welcomes Dear Mama to Manhattanville campus

Dear Mama Coffee, a Harlem-based espresso, cocktail, wine bar and eatery, has signed a lease in the Jerome L. Greene Science Center at Columbia University’s new Manhattanville campus.

The outlet joins Steep Rock Bouldering, a Community Wellness Center, an interactive installation about brain research and an Education Lab as part of the civic and retail spaces that define the street-level experience of the campus.

The signing establishes the second outpost of Dear Mama Coffee, joining the flagship East Harlem location, and is consistent with the University’s approach to its retail tenants, which favors local businesses that bring a variety of amenities and experiences to the diverse Columbia community, the wider local community and visitors.

“Dear Mama Coffee brings another high-quality business to the neighborhood, and with it, a day-to-night establishment that will add more activity and services to the new campus and community,” said David M. Greenberg, executive vice president of Columbia University Facilities and Operations.

“With art exhibitions, music, events, community fundraisers and more, Dear Mama Coffee will be a place of engagement and a true neighborhood venue.”

“Dear Mama Coffee serves as a gathering spot for the local community to nourish the heart, soul and belly,” said Zachary Sharaga, CEO and founder of Dear Mama Coffee.

“Along with a full food menu, coffee and specialty drinks, it is a platform for people to converge and inspire one another, discuss the issues of the day, admire local art and share music.

“The large space in Manhattanville will allow for a wide variety of events, including listening parties for local artists introducing new albums, fundraisers for causes important to the community, open mic nights for musicians and poets, book readings and much more.”

Dear Mama Coffee will occupy 4,700 s/f on the ground floor and mezzanine levels in the southwest portion of the Jerome L. Greene Science Center.

Winick Realty Group represented both the tenant and owner in the retail lease transaction, with Cary Fabrikant and Yoel Gorjian representing Dear Mama Coffee, and Kenneth Hochhauser and Kelly Gedinsky representing Columbia.

At street level, the buildings throughout Columbia’s new Manhattanville campus will be transparent in design, open to the public and programmed to engage the Columbia community and community-at-large.

The first open space to be completed on the new campus, the Small Square offers an informal, 10,000 s/f outdoor plaza with seating areas and free Wi-Fi.

The largest academic building ever constructed by Columbia University, the Jerome L. Greene Science Center provides 450,000 s/f of space for the neuroscience researchers of the Mortimer B. Zuckerman Mind Brain Behavior Institute.

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rew_122017_Columbia welcomes Dear Mama to Manhattanville campus

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

Cohen and Baker of Winick Realty handle 2,000 s/f lease; Block of Winick represents landlord

Function of Beauty, a New York-based startup that uses a proprietary algorithm to create personalized shampoos and conditioners, has signed a 2,200 lease at 355 West Broadway, located between Broome and Grand Sts. in 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 s/f, 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 Baker, while Winick Realty Group’s executive VP 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 s/f 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.

For more, download the full article in PDF

NYRE Journal_121917_Cohen and Baker of Winick Realty handle 2,000 sf lease and Block of Winick represents landlord

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

Harlem Coffee Shop Signs on at Columbia’s Manhattanville Campus

A local Harlem coffee shop plans to open its second location in Columbia University’s new Manhattanville campus, according to a press release from the institution.

Dear Mama Coffee signed a long-term lease last month for a 4,700-square-foot space at the Jerome L. Greene Science Center, the first building completed at the new 17-acre campus rising around 125th Street and Broadway. The shop will occupy the ground floor and mezzanine levels of the building and open onto the “Small Square,” a 10,000-square-foot outdoor plaza with a seating area bookended by the Lenfest Center for the Arts. The university declined to disclose the terms of the deal.

The Renzo Piano-designed scientific research facility at 605 West 129th Street fronts a full block along Broadway between West 129th and West 130th Streets. The nine-story, 450,000-square-foot glass structure is one of three buildings in the first phase of Columbia’s ambitious and controversial northern campus, with the newly-opened Lenfest Center and the under-construction University Forum rounding out the southeastern corner of the complex.

The coffee shop will serve java roasted in Red Hook, Brooklyn, a mix of teas that are imported or blended in-house, menu items for breakfast, lunch and dinner, pastries made on-site, and cocktails and wine. And it will offer weekly exhibitions, art installations and live music, just like Dear Mama’s first Harlem outpost, which opened in mid-2016 at 308 East 109th Street.

Zachary Sharaga, founder and chief executive officer of the uptown coffee chain, said that he planned to hire employees from the neighborhood.

“There aren’t that many businesses in this neighborhood that can offer work in the competitive way that we can,” Sharaga told CO. “I grew up on Pelham Parkway [in the Morris Park area of the Bronx] and there were no jobs to be had on Pelham Parkway. As a kid, if I wanted to gain some life skills, I had to commute. So I’d love to have people from the neighborhood join the team and gain precedence in the hiring process.”

Sharaga added that he planned to open in time for the fall semester next year.

Dear Mama will join the project’s first retail tenant, rock climbing gym Steep Rock Bouldering, which opened in the spring along with the rest of the building. Columbia is searching for one more retailer, likely a food-related business, to fill the final storefront in the building.

Winick Realty Group’s Cary Fabrikant and Yoel Gorjian represented Dear Mama Coffee, and Kenneth Hochhauser and Kelly Gedinsky, also of Winick, handled the transaction on behalf of Columbia.

“They’re an experienced local operator,” said Hochhauser. “They have a great food and coffee program. They want to engage with the community and beyond, and they’re going to take it from breakfast all the way to late night.”

For more, download the full article in PDF

NY Observer-121817-Harlem Coffee Shop Signs on at Columbia’s Manhattanville Campus

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

Upscale eateries Dépanneur and Simó Pizza take TFC space at luxury 33 Bond

TF Cornerstone and Winick Realty Group announced retail leases with Dépanneur and Simó Pizza at the base of TFC’s 33 Bond, a 714-unit luxury residential rental building in Downtown Brooklyn.

Dépanneur and Simó Pizza are taking a combined 4,504 s/f along the base of the retail strip located at 300 Livingston Street. The retailers will join Chelsea Piers and Colombian coffee roaster Devoción, rounding out TFC’s roster of retail tenants.

Dépanneur, a pioneer in upscale and locally sourced provisions and takeaway, focuses on bringing the best ingredients and foodstuffs to their customer.

Depanneaur, which will be launching an additional two stores from its Williamsburg flagship, leased two separate retail spaces, with approximately 62 feet of all-glass Livingston Street frontage between them.

The first, measuring 1,820 s/f, will be similar to the high-end markets the company currently operates in Williamsburg and Clinton Hill. The second measures 1,051 s/f, will be another component to Dépanneur‘s shop.

Simó Pizza, a fast-casual pizza dining concept was derived by owner Simone Falco. He was inspired for this restaurant by his renowned Neapolitan eatery Rossopomodoro in the West Village and his Rossopomodoro locations within Eataly USA.

This second location at 33 Bond will occupy a 1,633 s/f space adjacent to Dépanneur, with 36 feet of all-glass frontage, 17-foot ceilings and offering guests a taste of Napoli in 90 seconds.

A Winick team comprised of Steven Baker, Aaron S. Fishbein and Daniyel Cohen worked alongside Steve N. Gonzalez of TFC to secure the leases on behalf of the developer.

A Ripco team of Andrew Clemens and Ben Weiner represented Dépanneur. Simó Pizza was represented in-house in its lease.

An additional 3,500 s/f of retail remains available.

For more, download the full article in PDF

rew_121417_Upscale eateries Dépanneur and Simó Pizza take TFC space at luxury 33 Bond

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.