Currently viewing the category: "First Quarter 2010"

Korean hair salon cuts second NY deal

Hair Party 24 HoursThere will soon be a party at 450 Park Ave. South—a hair party, that is. Korea-based Hair Party 24 Hours—which, as the name suggests, stays open 24/7—has leased its second Manhattan location, a 1,300-square-foot, ground-floor space on the avenue between East 30th and East 31st streets. Asking rent for the 12-year deal, which includes a 1,500-square-foot basement, was $220 a square foot.

Hair Party will open its new location this fall. The company has operated an outpost nearby on Madison Avenue and East 28th Street for three years. The company plans to use the basement for bridal showers, birthday parties and other events.

“They wanted a nearby location to accommodate the overflow of appointments,” said Young Byunn, the Winick Realty Group broker who represented the tenant. He added that Hair Party is planning two additional Manhattan outposts and is currently eyeing the Times Square and Columbus Circle neighborhoods.

Annie Shinn and Darrell Rubens, also of Winick, represented the landlord, Moinian Group, in negotiations.

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Duane Reade to Roll Out Spruced Up New Store at 60 Spring Street

Duane Reade has signed a deal for roughly 12,000 square feet at 60 Spring Street according to sources.

The space is being vacated by Parasuco Jeans, which acquired the retail condominium in the building for about $9 million in 2005 from the developer Shaya Boymelgreen, who had bought and converted the 12-story building into residential condos.  

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Rubens Looks for Fast-Fix for Expanding Jeweler

 Winick Realty Group has been appointed the exclusive broker for Fast-Fix Jewelry in New York.

Darrell Rubens, managing director at Winick Realty Group, will represent the Delray Beach, FL-based company along with his associates, Annie Shinn and Michael Gleicher.

Fast Fix Jewelry is the world’s largest franchise of jewelry and watch repair services, offering efficient and professional repair for both men’s and women’s pieces since 1984. Fast-Fix has 163 locations in the United States and Canada, as well as three in Dublin, Ireland.

The Fast-Fix brand is set to expand both locally and internationally in the next few years. Storefronts in England, Venezuela and Australia are slated to open by 2011, and Fast-Fix plans to open at least five stores in Manhattan.

They are currently looking at 300-1,000 s/f locations in areas with high foot traffic such as the Financial District, Midtown and Herald Square.

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LEASES

Winick Realty Group announced the Beauty and Youth Salon, the West Village mainstay specializing in skin care treatments, signed a 12-year lease at 17 West Eighth Street. Jamie Rogers of Winick Realty Group represented both the landlord and tenant in this transaction. The location offers 1,500 s/f on the ground floor, as well as a 1,200 s/f mezzanine and 500 s/f basement.

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Beauty and Youth Salon signed a 12-year, 3.2k-SF lease at 17 W. 8th St. Winick Realty’s Jamie Rogers represented both the tenant and landlord. 

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real estate bisnow 03-22-10

Winick to broker jewelry repair chain

New York City ( March 22, 2010 ) Winick Realty Group announced it has been appointed the exclusive broker for Fast-Fix Jewelry in Manhattan.

The Delray Beach, Fla.-based company is the world’s largest franchise of jewelry and watch repair services, according to Winick. It has 163 locations in the United States and Canada, as well as three in Dublin, Ireland.

The Fast-Fix brand is set to expand both locally and internationally in the next few years. Storefronts in England, Venezuela and Australia are slated to open by 2011, and Fast-Fix plans to open at least five stores in Manhattan. They are currently looking at 300 sq. ft. to 1,000-sq.-ft. locations in areas with high foot traffic such as the Financial District, Midtown and Herald Square.

For more, download the full article in PDF

CHAIN STORE AGE 03-22-10