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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.

Citybizlist

Winick Realty Group Markets Transformative Big Box Retail Opportunity in Manhattan’s Dynamic Times Square South/Garment Center/Herald Square Corridor 

1407_Retail_Rendering_101113_FinalWinick Realty Group has been retained by the Lightstone Group to market for lease retail space at 1407 Broadway, an unprecedented big box opportunity at the crossroads of some of Manhattan’s most storied and traffic-generating attractions: Times Square, Herald Square, Penn Station, Bryant Park and Port Authority Bus Terminal.

“Today, more tourists and commuters are passing by our doors, more people are visiting Bryant Park and more creative and innovative industries are moving in,” said Winick Realty Group broker Hal Shapiro, who is marketing the property with Kenneth Hochhauser. “With the signing of Urban Outfitters, Whole Foods, Equinox, Blink and others, the retail is finally catching up with these demographic trends. At approximately 22,000 square feet of total retail to lease, we offer the largest block with the most flexible options.”

“We strongly believe, and the data backs us up, that the consumer in this trade area can support fashion retailing, particularly in the contemporary and better categories,” added Hochhauser.

The retail at 1407 Broadway includes an 8,338-square-foot ground floor with 18-foot ceilings, a 6,176-square-foot second floor with 12-foot ceilings and a 7,670-square-foot selling lower level with 15-foot ceilings. A new floor-to-ceiling glass façade with up to 251 feet of wraparound frontage will provide the incoming retailer with tremendous market prominence. The multi-level retail opportunity is ideally positioned at the base of 1.1 million square feet of office space and surrounded by a bevy of transportation and tourism options that draws more than 200 million potential customers to the area.

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citybiz-031414-Winick Realty Group Markets Transformative Big Box Retail Opportunity in Manhattan’s Dynamic Times Square South Corridor

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.