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The top 10 NYC retail leases in January

January’s 10 biggest retail leasing deals were much smaller than December’s in terms of square footage.

The 10 biggest retail lease deals signed last month totaled 95,000 square feet, down about 84,000 square feet from last month’s total of 179,000 square feet. The largest retail lease in January was inked in deep Brooklyn. Here’s the full list:

3) Absolute New York, 128 West 34th Street, Midtown South – 10,000 square feet

The cosmetics company signed a lease for 10,000 square feet of retail space at 128 West 34th Street, to be used as the company’s flagship retail location. Lee Block and Spencer Bowers of Winick Realty Group represented the tenant, while Marc Leber and Jeffrey Roseman of Newmark Knight Frank represented the landlord, Stahl Organization.

8) PINK by Victoria Secret, 429 Broadway, Soho – 4,415 square feet

The apparel chain inked a pop-up lease for 4,415 square feet of retail space at 429 Broadway. Lee Block of Winick Realty Group represented both the tenant and the landlord, A.J.D. Building.

9) Nirvanna Designs, 1701 Broadway, Midtown – 3,400 square feet

The hats and accessories store signed for 3,400 square feet of retail space at 1701 Broadway. Patty Holmstrom of Winick Realty Group represented the tenant and the landlord, Britannia 54th Holdings.

For more, download the full article in PDF

THE REAL DEAL_021618_The top 10 NYC retail leases in January

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.

Real Estate Weekly

Shampoo startup bubbles up in SoHo with West Broadway lease

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 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.

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.”

Daniyel Cohen, an associate at Winick Realty Group represented Function of Beauty in its lease along with Winick president Steven E. Baker. Winick executive vice president Lee Block represented landlord Quality Capital.

Each floor measures 1,100 s/f, including an outdoor patio, and dedicated elevator access to each floor.

For more, download the full article in PDF

rew_113017_Shampoo startup bubbles up in SoHo with West Broadway lease

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 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.

For more, download the full article in PDF

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.

crains logo

For the Record

artists & fleasArtists & Fleas signed a one-year lease for 10,250 square feet at 568 Broadway. The marketplace that’s home to vintage clothing vendors and indie designers plans to set up shop in SoHo May 12. The asking rent was $250,000 per month. Winick Realty Group represented the tenant. The landlord, Aurora Capital Associates, was represented in-house.

For more, download the full article in PDF

CRAIN’S_051517_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

Artists & Fleas Retail Bringing Pop-Up Marketplace to Soho

568-broadway-photo-costar-groupArtists & Fleas, which creates curated retail marketplaces with products made by local designers, artists and independent brands, has found another location to set up shop, Commercial Observer has learned. This one is at 568 Broadway in Soho, in space formerly occupied by Armani Exchange at the corner of Prince Street.

The 13-year-old Artists & Fleas, which launched in an empty warehouse in Williamsburg, Brooklyn as a weekly marketplace, has signed a one-year deal for 10,250 square feet of ground-floor retail space at 568 Broadway, according to Bonnie Shapiro, the director of leasing for Allied Partners and who worked on the license agreement. The asking rent was $250,000 per month, a source with knowledge of the deal said, adding, “Artists & Fleas is paying a rent that is substantially lower than the market rent.”

The marketplace will open May 12, according to a spokeswoman for Artists & Fleas.

While the merchant mix will be “culled from” brands at the other Artists & Fleas locations, the Soho market “is being curated with an eye towards merchants, products and styles that have unique appeal to the Soho demographic and the Artists & Fleas psychographic that shop downtown,” Ronen Glimer, co-founder of Artists & Fleas, said in prepared remarks. “The vibe and fit-out will be consistent with the Artists & Fleas brand experience. …Additionally, we plan to open a partner innovation and activation space later this summer.”

The 12-story office building at 568 Broadway, which is owned by Aurora Capital Associates, the Adjmi family and Allied Partners, amasses 350,000 square feet, and is home to retail tenants Forever 21 and Equinox Fitness as well as office tenants Foursquare and Thrillist Media Group and Scholastic.

Winick Realty Group’s Aaron S. Fishbein and Daniyel Cohen represented the tenant in the deal. Fishbein would only confirm the duo represents Artists & Fleas and is looking for “a flagship long-term opportunity” for the marketplace.

Aurora’s Jared Epstein negotiated the deal on behalf of the owners with assistance provided by Winick’s Richard Smith and Alec Stone. While Epstein declined to provide any deal information, he emailed: “I strongly believe that Artists & Fleas will add a unique element of excitement and vibrancy to the shopping experience on Broadway in Soho.”

Shapiro had a similar sentiment: “I think it’s a very exciting tenant with a lot of cachet for our property.”

Artists & Fleas has a daily market inside Chelsea Market at 88 10th Avenue at West 15th Street, a weekend location at 70 North 7th Street in Williamsburg, Brooklyn, plus two spots in Los Angeles.

For more, download the full article in PDF

NY Observer-041417-Artists & Fleas Retail Bringing Pop-Up Marketplace to Soho

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.