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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.

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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.

New York Observer

Deli, Pizza Joint Ink Deals at TF Cornerstone’s DoBro Rental

A convenience store (in two leases) and a restaurant will take more than 4,500 square feet at TF Cornerstone’s new 714 unit rental project in Downtown Brooklyn at 33 Bond Street, Commercial Observer has learned.

Dépanneur, a Brooklyn-based store that calls itself a “better bodega,” has signed two leases at 300 Livingston Street (the retail portion of 33 Bond Street) for two separate ground-floor spaces, according to Winick Realty Group.

The larger of the spaces, which is 1,820 square feet, will be an upscale “corner store” similar to the ones the company has in Williamsburg at 242 Wythe Avenue at North 3rd Street and in Clinton Hill at 519 Myrtle Avenue at the corner of Grand Avenue.

Dépanneur’s second space at 300 Livingston Street will encompass 1,051 square feet, and there it is working on a new concept, according to a Winick spokeswoman.

Both Dépanneur deals are for 15 years and the stores are expected to open in the second quarter of 2018. The asking rent in the deals was $125 per square foot.

Winick’s Steven Baker, Aaron Fishbein and Daniyel Cohen handled the deals for the landlord alongside TF Cornerstone’s Steve Gonzalez in-house. Ripco Real Estate’s Andrew Clemens and Ben Weiner, who represented Dépanneur in the deals, did not immediately respond to a request for comment.

In addition to the transactions with Dépanneur, fast-casual pizza restaurant Simó Pizza has signed a 10-year deal for a 1,633-square-foot space on the ground floor of 300 Livingston Street. Simó Pizza, created by Italian chef and restaurateur Simone Falco, did not have a broker in the deal. It is also expected to open in the second quarter of 2018. The asking rent was $125 per square foot as well.

“Dépanneur and Simó Pizza are ideal tenants for the unique retail mix we’re in the process of curating at… 33 Bond Street,” Baker in a prepared statement. “From a strategy standpoint, the retailers we’ve secured leases for represent the best possible value to the neighborhood. Additionally, they offer residents of 33 Bond with an amenity that positively contributes to their active lifestyles.”

Simó Pizza and the Dépanneur stores will join a 52,000-square-foot fitness concept by Chelsea Piers, which signed a lease at 33 Bond Street in July, as CO previously reported.

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NY Observer-121117-Deli, Pizza Joint Ink Deals at TF Cornerstone’s DoBro Rental

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.

Is retail turning a corner?

On the whole, it’s been a difficult year for the floundering retail market, which had been referred to as “fucked” by one prominent investor as recently as the spring. But sources say there’s been a significant uptick in activity in the last few months.

This month, amid that backdrop, The Real Deal ranked New York City retail firms by the amount of square footage they leased between October 1, 2016 and September 30, 2017.

In Manhattan, RKF clinched the No. 1 spot with 1.03 million square feet inked south of 126th Street, including deals like Nordstrom Rack’s 47,267-square-foot lease at the Durst Organization’s 855 Sixth Avenue. Taking the top spot was a big feather in the firm’s cap, given that so many other brokerages saw a drop in deals.

Meanwhile, Cushman & Wakefield and Newmark Knight Frank ranked second and third, with 904,206 square feet and 424,808 square feet, respectively. CBRE and Winick Realty Group rounded out the top five.

It should be noted that retail deals are notoriously hard to track because they are not logged in any public databases. As a result, TRD relied on firms’ submissions and news reports to determine totals. Not all firms participated. JLL, for example, declined.

But the numbers offer a window into a market that’s very much in flux. And this year, for the first time, TRD also ventured across the river to rank the firms brokering the most retail deals in Brooklyn.

In that borough — where prime corridors like Broadway in South Williamsburg and Flatbush Avenue from Atlantic Avenue to Grand Army Plaza are seeing significant action — Winick took the No. 1 spot with 163,109 square feet leased. RKF and Ripco Real Estate ranked second and third, with 161,774 square feet and 134,473 square feet, respectively. SCG Retail and Kalmon Dolgin Affiliates rounded out the top five.

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THE REAL DEAL_120117_Is retail turning a corner

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

Condren and Danut of CPEX act for landlord in four leases at Pioneer Building

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 Ave., considered by many to be “the most accessible building in Brooklyn.” 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 7,700 s/f on the ground level and lower level. Joshua Siegelman of Winick Realty represented the tenant.

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.

Smoothie King will lease 1,200 s/f of ground floor retail space. The tenant was represented by Nick Masson of Schuckman Realty.

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 the city.

Coffee Project New York has agreed to lease 1,000 s/f on the ground floor. Alexander Karas of Winick Realty represented the tenant in lease negotiations.

Voted “New York’s Most Loved Café” by Time Out New York in 2016, this will be its first location in the borough.

United Parcel Service (UPS), will occupy 800 s/f of ground floor space at 41 Flatbush Ave. 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.”

For more, download the full article in PDF

NYRE Journal_11217_Condren and Danut of CPEX act for landlord in four leases at Pioneer 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.

The Third Age of American Retail

Reports about retail in North America show nothing but doom and gloom, with predictions of store closings, mall shut-downs and more. But no-on seems to have told retail real estate owners and developers. Retail complexes are adding other uses, especially food and beverage (F&B) to their complexes, while high streets are adding retail, especially dining, to office buildings.

All are doing so to attract a shopper who increasingly wants a big-city, pedestrian-friendly feeling and is looking for experiences above and beyond merchandise. It isn’t surprising, then, that projects in urban markets are adding other uses—office buildings such as the Willis Tower (formerly the Sears Tower) in Chicago are expanding their retail offerings, while retail projects are including more F&B.

And don’t count out New York City, says Lee Block, executive vice president of Winick Realty Group. “The high street in retail is still thriving, especially in New York in areas where tourism is strong,” he says. “International retailers want a global audience.

The high-income earners in the best-known retail streets are supplemented by a strong tourist base. Block says he is bullish about Lower Manhattan, especially the street retail, as well as the Westfield World Trade Center and Brookfield Place. The region is under-retailed and under-served, he believes. “The area from Broadway to the East River is as dense as anywhere else in the city, and retail has just started to perk up,” he adds. “We’re also seeing really cool restaurants”—a sector that he says is particularly needed.

But other areas are coming on the radar screen, including Downtown Brooklyn and Brooklyn Heights, just across the East River. “Brooklyn has a cachet to it and there are certain tenants that belong there first,” Block says. “There are different opportunities depending on where the customer base is.”

For more, download the full article in PDF

MAPIC News-October 2017-The Third Age of American Retail

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.

For more, download the full article in PDF

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.