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New York Observer

LI Bank Opening First NYC Branch in Catsimatidis Brooklyn Resi Building

the giovanniLong Island-based Gold Coast Bank is opening its first branch in New York City at John Catsimatidis’ residential building at 81 Fleet Place named The Giovanni in the Fort Greene section of Brooklyn, Commercial Observer has learned.

The bank signed a 2,000-square-foot lease for the ground floor of the 15-story rental property between Myrtle Avenue and Fair Street, which has 205 rental apartments and is 99 percent occupied, according to a spokesman for Catsimatidis’ Red Apple Group.

Asking rent in the 10-year deal was $75 per square foot, according to Jeff Winick of Winick Realty Group, who represented the tenant and landlord in the transaction.

Eight-year-old Gold Coast Bank currently has six active branches on Long Island from Mineola to Southampton. Banks may be shrinking physical footprints as more people use online and mobile banking options, as CO recently reported, but Gold Coast Bank is expanding to New York City by way of Brooklyn. The bank is also looking for an outpost in Midtown, according its chairman and chief executive officer, John Tsunis.

“We don’t have big branches, but this is an opportunity to give ourselves some presence where a lot of our customers are borrowing money,” Tsunis told CO. “This is a branding opportunity. We are becoming better known these days. There is an opportunity to get closer to our Brooklyn and Manhattan customers.”

In a separate deal, retailer Wine Legend also signed a 2,600-square-foot, 10-year deal for a space on the ground floor of The Giovanni. The space will be split between a wine store and a high-end tasting room. Winick represented both sides in this transaction as well. Both the bank and Wine Legend will open in about 90 days.

The Giovanni is part of a four-building residential complex called the Myrtle Avenue Development, which Catsimatidis is erecting in stages. Upon completion in late-2017, the project will bring nearly 1,000 residential units to the area.

“The addition of Gold Coast Bank and Wine Legend to The Giovanni will add new services for both our residential tenants and the surrounding neighborhood,” Catsimatidis said in a prepared statement. “The developments are bringing new homes and new jobs to New Yorkers and bolstering the sense of community and vitality in this section of Brooklyn.”

There is still about 7,500 square feet of of retail space remaining to be leased at the The Giovanni, and the landlord is targeting a deli, restaurant or an urgent care facility, according to Winick.

“The community has been growing over the five years, and these buildings need services,” Winick told CO. “A bank was needed, urgent care is needed and a wine and liquor store was also needed. Myrtle Avenue going east is underserved with retail, so this is not the big-box [department stores], this is more for local use.”

For more, download the full article in PDF

NY Observer-070616-LI Bank Opening First NYC Branch in Catsimatidis Brooklyn Resi Building

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

Café Chain Stolle Signs First Brooklyn Deal

119 Court StreetNearly three months after announcing it would be opening its first U.S. location in Long Island City, Russian pie-maker Stolle reveals it’s heading to Brooklyn, too.

Commercial Observer has learned that Stolle has signed a sublease for part of Tio Pio‘s space at 119 Court Street at the corner of State Street in Downtown Brooklyn. The pie company, which will open in September, took 500 square feet of ground-floor retail space in a 10-year deal. The asking rent was $250 per square foot, according to Winick Realty Group.

“We are excited to be able to bring Stolle to Downtown Brooklyn,” Winick’s Aaron S. Fishbein, Stolle’s exclusive broker in New York City, said in prepared remarks. “This is a prime retail corner, surrounded by not only an incredibly strong co-tenancy—including Trader Joe’s, Maison Kayser, Barnes & Noble, United Artists [movie] theater and LensCrafters—but also a dense office and residential population.”

Tio Pio, which will operate at the location in a smaller space, was represented by Winick’s Zach Diamond and Jordan Kaplan.

In March, Stolle leased a retail and commissary space at Jamestown‘s Falchi Building in Long Island City. That commissary will service the Court Street location, as well as four additional sites that Stole is actively negotiating for in Manhattan.

“Stolle prides itself on incredibly fresh products and thanks to 119 Court Street’s proximity to our Long Island City commissary, we will be able to bring in fresh pies three to four times a day,” said Irina Belska, Stolle’s chief operating officer. “Being able to occupy a prime retail corner in an area with so many business drivers aligns with our business model and meets our many site requirements.”

For more, download the full article in PDF

NY Observer-062615-Café Chain Stolle Signs First Brooklyn Deal

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 Brings Three National Tenants to Prime Clinton Hill Property 

394 myrtle aveWinick Realty Group announced that three national tenants have signed leases at 394 Myrtle Avenue, located between Vanderbilt and Clermont Avenues in the Clinton Hill section of Brooklyn.

Starbucks Coffee Company leased 1,800 square feet at the property, while Chipotle Mexican Grill leased 2,000 square feet. Winick Realty Group’s Diana D. Boutross represented both Starbucks and Chipotle. The third tenant, Invite Health, one of the country’s leading businesses focused on all-natural nutritional supplements, leased 1,000 square feet and was represented by Winick Realty Group’s Robert Heicklen.

Winick Realty Group President Steven E. Baker exclusively marketed the 4,800-square-foot site on behalf of landlord Crescent Properties.

“We are proud to have these tenants in the building,” said Baker. “Each of these brands is community-minded and neighborhood-friendly, making them a great fit among the schools, families and local businesses that already exist in the community. Ownership is proud to welcome them to the building and to the neighborhood.”

For more, download the full article in PDF

citybiz-061115-Winick Realty Group Brings Three National Tenants to Prime Clinton Hill Property

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

Women’s Apparel Retailer To Open First Brooklyn Store

social apparelDress and fashion retailer Social Apparel will open its first Brooklyn location next spring in the Fulton Mall area of Downtown Brooklyn, Winick Realty Group announced last week.

The company, which currently operates stores for teens and young adults in Herald Square, the Garment District and four malls in the tri-state area, signed a lease at Solil Management‘s 455 Fulton Street for 2,224 square feet on the ground floor and 800 square feet of second-level space. The space commanded an asking rent of $190 per square foot, based on the ground-floor rate, Winick representatives said.

“With a very specific criteria for their locations, Social Apparel can be quite particular about which streets will garner ample business,” said Winick broker Ezra Safdieh in a prepared statement. “Their strategy targets shopping corridors that brim with low- and middle-income customers, and there may only be a handful of such streets left in New York City. Fulton Mall continually draws this clientele on a seven day-a-week basis, making this location especially compelling for them.”

Mr. Safdieh and his Winick colleague Young Byunn represented the tenant in the deal, while Solil’s manager of commercial leasing, Brett Weinblatt, negotiated on behalf of the landlord in-house. Mr. Weinblatt declined to comment on the transaction.

The fashion retailer’s new digs sit between Jay and Lawrence Streets in short walking distance of seven subway lines.

For more, download the full article in PDF

NY Observer-121514-Women’s Apparel Retailer To Open First Brooklyn 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

Winick Realty Markets Fort Greene Retail Opportunity

180 Myrtle_Aerial_final_08Winick Realty Group is marketing more than 43,000 square feet of retail space in the Fort Greene section of Brooklyn, Commercial Observer has learned. The units are located within luxury mixed-use buildings being developed by John Catsimatidis’ Red Apple Group.

“Together with Winick Realty Group, Red Apple embraces the opportunity to create a synergy of development in the neighborhood and bring this groundbreaking retail opportunity to market, further complementing the new residential and office uses in the immediate vicinity,” Diana Boutross of Winick said in a prepared statement.

An 11,676-square-foot space is available on the ground floor of the 205-unit 81 Fleet Place development. The 195-unit 180 Myrtle Avenue development boasts 10,041 square feet of ground-floor space and 21,420 square feet on the lower level. A nearby building, a nine-story development at 218 Myrtle Avenue, currently houses Red Apple Supermarket and a CVS location.

The retail opportunities range in size from 1,000 square feet to 11,676 square feet, according to a press release. The space, which offers 15-foot ceilings and 17-foot column spacing, has the potential to accommodate restaurants, gyms, cafes and medical users.

Possession for the space at 81 Fleet Place is anticipated during the first quarter of 2015. Possession for 180 Myrtle Avenue is expected during the third quarter of 2015. The brokers representing the landlord were not authorized to reveal the asking rent for the space.

For more, download the full article in PDF

NY Observer-043014-Winick Realty Markets Fort Greene Retail Opportunity

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.

mann newswire logo

Winick Realty Group Brings Three New Tenants To Flatbush Avenue

395-Flastbush-Ave-Winick Realty Group has negotiated leases bringing three new retailers to the bustling Flatbush Avenue corridor. Starbucks Coffee Company, Game Champ and Cohen’s Fashion Optical will all be joining the retail at 395 Flatbush Avenue Extension, a full-block retail site anchored by decade-old locations for Applebee’s and McDonald’s that count among the brands’ highest-grossing New York stores.

“As the Barclay’s Center continues to expand the need for retail on the strip, and as nearby residential and business developments attract more customers, the Flatbush Avenue corridor continues to grow,” said Winick Realty Group’s Zach Mishaan, who represented landlord Rabina Properties in all three lease transactions.

Winick Realty Group broker Diana D. Boutross, the exclusive broker for Starbucks Coffee Company in Brooklyn, leased a 1,243-square-foot storefront for the brand, while Mishaan represented Game Champ as the video game retail leased 1,107 square feet of ground floor retail space. Set to open by the end of the year, this will be the fifth Brooklyn location for the company.

Cohen’s Fashion Optical, represented by Boutross and Winick Realty Group broker Matthew Schuss, will also open a 1,100-square-foot storefront at the property by the end of the year, marking the retailer’s ninth foray into the borough.

Mishaan is currently marketing 3,343 square feet of remaining retail at 395 Flatbush Avenue Extension, which he says would be ideal for fashion and apparel tenants, as well as banks.

For more, download the full article in PDF

mann newswire-101613-Winick Realty Group Brings Three New Tenants To Flatbush Avenue

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.