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New York Observer

Gracia Fashion Moving to New Garment District Retail Location

225w39Women’s clothing brand Gracia Fashion has agreed to take 9,500 square feet of retail space at landlord Walter & Samuels’ 225 West 39th Street in the Garment District, Commercial Observer has learned.

In a 10-year deal, Gracia signed on earlier this month for 5,000 square feet of ground-level space and another 4,500 square feet of lower-level space at the 12-story, 90,000-square-foot office and retail building between Seventh and Eighth Avenues.

Asking rent for the ground-floor space was $105 per square foot, according to sources with knowledge of the transaction. Gracia will relocate from its existing retail location three blocks south at 217 West 36th Street in the next several months, after building out the new space.

Lee Block and Danielle Winick of Winick Realty Group represented the tenant, while Peter Weiss of Walter & Samuels represented the landlord in-house.

In a release announcing the deal, Walter & Samuels Chairman David I. Berley—whose firm has owned 225 West 39th Street for more than 30 years—noted the retail location’s high ceilings and 45 feet of street-level frontage, and described the 1910 property as a “historical building with great bones.”

Winick’s Lee Block described Gracia Fashion, which was established in 1998, as a “successful women’s clothing brand with a solid reputation born from a loyal customer base and a long-standing history” in the Garment District, per the release.

Office tenants at 225 West 39th Street include Israeli-American fashion designer Yigal Azrouël and nightlife promoter Joonbug, as well as numerous small- and mid-sized fashion tenants.

For more, download the full article in PDF

NY Observer-042517-Gracia Fashion Moving to New Garment District Retail Location

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.

New York Observer

Sneaker Stores Are a Shoe-in for Landlords, Especially in Midtown

 

Zach Diamond of Winick Realty Group represented the rapper Fat Joe in finding the space for his retail specialty store Up NYC, which opened this past November at 3806 Broadway between West 158th and West 159th Streets in Washington Heights.

He said the 2,500-square-foot space is succeeding due to sneakers’ evolving status as prized collectables, or valued items that fetch a sizable markup on resale.

“[Up NYC sells] higher-end Nike and Jordan brands which are limited edition,” Diamond said. “The whole sneaker craze now is that people are waiting in line for three days just to buy shoes at, let’s say, $300, and once they get them, they turn them for $500.”

Diamond recalled how, when the Washington Heights store opened, Fat Joe carried 10 exclusive models.

“The lines [in front of the store] started on Wednesday, and the opening was Saturday,” he said, noting that the opening featured appearances by rappers including Remy Ma and 50 Cent. “There were lines three blocks down the street before the store even opened. It was crazy.”

For more, download the full article in PDF

NY Observer-032917-Sneaker Stores Are a Shoe-in for Landlords, Especially in Midtown

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

Discount Department Store DII Signs Two Leases to Remain in Coney Island

626 sheepshead bay roadDII Stores has signed two leases at Cammeby’s International’s 626 Sheepshead Bay Road development in Coney Island, according to the landlord.

In the larger of the two leases, the discount department store, which sells male and female apparel as well as home products, will occupy 11,600 square feet as the retail anchor of the seven-story office and retail building under construction near the intersection of West 8th Street.

The company currently operates a shop at nearby 530 Neptune Avenue between West 6th Street and Marsha Rapaport Way, a building that Cammeby’s owns and plans to demolish for a 42-story residential tower.

“DII is an important part of the Coney Island community, so we’re extremely happy that they will remain a permanent fixture by serving as the anchor tenant,” Jacob Cohen, executive vice president of development at Cammeby’s, said in a statement. “The company will also bring its corporate offices to the property, providing employees with a new, modern work environment.”

DII inked a separate deal for 4,900 square feet on part of the third floor of the property for its offices, which will be relocated from 530 Neptune Avenue. The landlord declined to provide the terms of the leases.

Winick Realty Group’s Jeff Winick, Lee Block, Darrell Rubens and Danielle Winick represented the landlord and the tenant.

“This lease is another reflection of Cammeby’s commitment to keeping longtime businesses in Coney Island,” Block said in prepared remarks. “DII will continue to cater to customers at its current space on Neptune Avenue before moving into [the] new, modern space that will serve as its home for years to come.”

DII has 14 locations in New York and New Jersey. The 161,000-square-foot building at 626 Sheepshead Bay Road is expected to be completed in the fall.

For more, download the full article in PDF

NY Observer-032217-Discount Department Store DII Signs Two Leases to Remain in Coney Island

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 Named Exclusive Broker for Artists & Fleas

daniyel-cohen-print-ver-profile-001Winick Realty Group proudly announced that the company has been named the exclusive broker representing Artists & Fleas in their Manhattan expansion. Director Aaron S. Fishbein and Associate Daniyel Cohen are working with the brand to find flagship locations on main shopping corridors throughout Manhattan, with a particular emphasis on SoHo.

Artists & Fleas creates curated retail marketplaces that offer a dynamic retail experience where customers can shop from, interact with and discover one-of-a-kind products made by local designers, artists, and independent brands. Vendors selling items such as clothing and jewelry, art, design and home goods, are rotated in and out of the space, ensuring that the Artists & Fleas experience is never the same twice.

“Artists & Fleas is the future of retail,” said Fishbein. “As online sales encroach more and more on the traditional retail business, shops have had to become more experiential. Artists & Fleas has been a pioneer in this market since 2003, offering an incredibly dynamic shopping experience that attracts customers of all ages and from all walks of life.”

Since its founding in 2003, the company has grown to operate four locations—Chelsea Market and Williamsburg in New York, and Abbot Kinney, Venice and the Arts District in Los Angeles—that have hosted 250+ merchants and more than 25,000 visitors on a weekly basis.

“We are proud to have curated four distinct marketplaces since 2003, catering to local communities with one-of-a-kind shopping experiences,” said Amy Abrams of Artists & Fleas. “We look forward to bringing Artists & Fleas to SoHo, a neighborhood we regard as both a creative and shopping capital of Manhattan and a destination for both locals and tourists who appreciate the type of exciting retail concept that Artists & Fleas creates and provides.”

For more, download the full article in PDF

citybiz-032217-Winick Realty Group Named Exclusive Broker for Artists & Fleas

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

Lee NYC brokers two retail leases totaling 4,500sf, includes 3,500sf to Irving Farm Coffee Roasters by Braus and Sutro

78w3_storefront-2016-e1488302222582Managing principal Peter Braus and managing director JP Sutro of Lee & Associates NYC LLC (Lee NYC) have arranged two retail leases totaling 4,50 s/f.

The first deal was a 15-year lease for Irving Farm Coffee Roasters a 78 West 3rd St. at Thompson St. in Greenwich Village. The 3,500 s/f, two-stor space faces Washington Sq. Park and is located in New York University’s main campus.

“We received a lot of interest from restaurateurs, but ownership was especially excited to partner with such a successful local business like Irving Farm,” said Braus, who represented the owner, CEJ Properties, with Sutro.

Matthew Schuss, associate director of Winick Realty Group, represented the tenant, making this his third successful lease transaction on behalf of the brand. Irving Farm will open in spring.

For more, download the full article in PDF

NYRE Journal_032117_Lee NYC brokers two retail leases totaling 4,500sf, includes 3,500sf to Irving Farm Coffee Roasters by Braus and Sutro

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.