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Citybizlist

Hao Noodle & Tea Leases Greenwich Village Retail Space for First North American Restaurant 

lee-block-258x30020Walter & Samuels announced today that Hao Noodle & Tea has signed a 10-year lease, with a five-year renewal option, for 4,800 square feet of retail space at 401 Sixth Avenue between Greenwich Avenue and Waverly Place in the heart of Greenwich Village for its first North American restaurant location.

According to Walter & Samuels Chairman David I. Berley, who has owned the two-story building for over 30 years, the location features 2,400 square feet of ground-level retail space with soaring ceilings and an open kitchen, as well as 2,400 square feet in the basement and 27 feet of prime frontage.

The restaurant, whose owner has a popular brand of restaurants throughout China, will offer a fresh and natural concept that includes organic traditional Chinese noodles and tea served in a tranquil setting designed with a blend of Chinese and Western elements.

“We welcome the opportunity to provide an exciting new restaurant like Hao Noodle & Tea with its foothold in the U.S.,” said Berley, who in recent months leased Flatiron District space to popular Parisian rotisserie Le Coq Rico for its first U.S. location.

As an owner of Manhattan retail for almost 50 years, Berley has leased space to many fine restaurants, from Tony May to Quo Vadis. Added Berley: “I’ve been a Chinese food lover since my boyhood in Brooklyn. This is the next best thing to opening my own Chinese restaurant.”

Asking rent for the retail space was $200 per square foot. Lee Block, Dana Albert and Ross Burack of Winick Realty Group represented Walter & Samuels in the transaction while John C. Cinosky of ATCO represented the restaurant.

“Hao Noodle & Tea will benefit from a vibrant residential neighborhood and close proximity to NYU,” said Lee Block of Winick Realty Group, who noted that the restaurant plans to expand across the East Coast. “This was the right location for the restaurant to establish itself in New York.”

401 Sixth Avenue is located in proximity to several subway lines and area businesses, including CitiBank, Chipotle, Duane Reade, Urban Outfitters, Staples, Starbucks, Citarella, Pandora, Ricky’s and The New York Public Library.

For more, download the full article in PDF

citybiz-093015-Hao Noodle & Tea Leases Greenwich Village Retail Space for First North American Restaurant

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

Winick marketing Brodsky retail

253 West 72nd StreetWinick Realty Group president Steven E. Baker and Charles Rapuano announced that they are bringing three new properties to market on behalf of Alexander Brodsky and the Brodsky Organization.

Available for the first time in 20 years, the retail at 1424 Third Avenue formerly occupied by Natural Frontier Market consists of 1,745 s/f of ground-floor retail with 25 ft. of frontage on Third Avenue. An additional 975 s/f is available in the basement.

The column-free retail site sits at the base of a rental apartment building and is located between two newly-built storefronts for Pizza Beach and Babeth’s Feast.

The retail at 246 East 94th Street, the base of a high-end condominium next to the Second Avenue subway, comprises 2,500 s/f on the ground, 2,100 s/fin the mezzanine and 1,500 s/f in the basement. All uses are being considered for the space, including gyms, pre-schools, hardware stores and other amenities.

253 West 72nd Street — with 8,010 s/f on the ground floor and 1,608 s/f in the basement — is near the new Upper West Side flagship location for Bloomingdale’s.

For more, download the full article in PDF

rew_093015_Winick marketing Brodsky 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 Bisnow

This Week’s NY Deal Sheet

thomas-defazio-print-ver-profile-001Thomas DeFazio has joined Winick Realty Group’s NJ office. He’ll focus on landlord and tenant rep throughout the state. For 26 years, Thomas worked in equity sales, trading and operations for major financial institutions including Merrill Lynch, Bank of NY and Cantor Fitzgerald.

For more, download the full article in PDF

real estate bisnow 09-29-15

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 Adds Thomas DeFazio to New Jersey Office 

thomas-defazio-print-ver-profile-001Winick Realty Group proudly announced that Thomas DeFazio is the latest broker to join the company’s growing New Jersey branch, located in Cranford, NJ. DeFazio, who will focus on both landlord and tenant representation throughout the state, comes to Winick Realty Group after more than two decades of success in the fields of finance and residential real estate.

“Throughout his past experience, Tom has proven his ability to service clients in multiple channels of business. We are delighted to have him join the Winick Realty Group NJ team,” said Tyler Bennett, Senior Vice President and Co-Founder of Winick Realty Group NJ.

For 26 years, DeFazio developed strong relationship and client management skills working in equity sales, trading and operations for major financial institutions such as Merrill Lynch, Bank of NY and Cantor Fitzgerald. He also played a major role in the business development of various alternative trading platforms, including G-Trade/ADR Direct owned by Bank of NY and AQUA owned by Cantor Fitzgerald. In 2013, he began a two-year stint at Chris Smith Realty, a residential real estate firm in Spring Lake, NJ where he successfully closed or placed under contract 20 sales and qualified for NJAR Circle of Excellence.

For more, download the full article in PDF

citybiz-092415-Winick Realty Group Adds Thomas DeFazio to New Jersey Office

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 Exclusively Markets Three Retail Properties on Behalf of The Brodsky Organization 

1424 Third Avenue-1Winick Realty Group President Steven E. Baker and Charles Rapuano announced that they are bringing three new properties to market on behalf of Alexander Brodsky and the Brodsky Organization.

Available for the first time in 20 years, the retail at 1424 Third Avenue is located between East 80th and East 81st Streets in the heart of the Upper East Side. Formerly Natural Frontier Market, the store consists of 1,745 square feet of ground-floor retail with 15-foot ceilings and 25 feet of frontage on Third Avenue. An additional 975 square feet is also available in the basement. The column-free retail site sits at the base of a rental apartment building and is located between two newly-built storefronts for Pizza Beach and Babeth’s Feast. Surrounding the site are a bevy of high-end retailers, including Juice Generation, Soul Cycle, Just Salad, Exceed Physical Culture and City Row, which just recently signed a lease across the street.

Also on the Upper East Side, Baker and Rapuano are exclusively marketing the retail at 246 East 94thStreet, the base of a high-end condominium between Second and Third Avenues. Comprising 2,500 square feet on the ground floor, 2,100 square feet in the mezzanine and 1,500 square feet in the basement, the retail store is located directly next to the 2nd Avenue subway, which will bring the F and T trains to the building’s doorstep. All uses are being considered for this relatively column-free space, including gyms, preschools, hardware stores and other local amenities.

Finally, Baker and Rapuano are marketing 253 West 72nd Street, between Broadway and West End Avenue on the Upper West Side. The storefront features 8,010 square feet on the ground floor and 1,608 square feet in the basement, offering sizeable floorplates that are rarely on the market in this section of Manhattan. Available for the first time in 15 years, the space includes more than 55 feet of frontage on West 72nd Street. Ownership is looking for a long-term tenant to fill the space, which sits just steps from the 1, 2 and 3 trains at 72nd Street, as well as the new Upper West Side flagship location for Bloomingdale’s.

“We are pleased to once again be working with the Brodsky Organization to market these properties on some of the most populated thoroughfares of the Upper East and Upper West Sides,” said Baker. “We look forward to finding the ideal tenants for the latest availabilities in their retail portfolio.”

For more, download the full article in PDF

citybiz-091715-Winick Realty Group Exclusively Markets Three Retail Properties on Behalf of The Brodsky Organization

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 deal logo

Ethan Allen looks to bed down in Midtown South

915 broadwayContemporary home furnishings retailer Ethan Allen is planning to bring its Uptown Dining Collection to Midtown South, where it will join a growing collection of trendy design stores that now make the area home.

The Connecticut-based furniture chain is negotiating an 8,000-square-foot lease at the base of 915 Broadway, a 20-story office building owned by a group of investors headed Earl Altman of ABS Partners Real Estate, sources close to the talks told The Real Deal.

The deal covers 4,800 square feet on the ground floor with the remainder split between cellar and mezzanine levels, with a blended asking rent of about $300 per square foot. ABS brokers John Brod and Mark Tergesen are negotiating on the landlord side.

Home furnishing and design stores have proliferated in the city coinciding with the residential building boom, and the areas around Madison Square Park have been particularly popular.

Along with high-end condo conversions in the area such as the Witkoff Group’s 200 Fifth Avenue and Madison Equities’ 212 Fifth Avenue, the home furnishing stores are also drawn to Midtown South for rents that are far lower than posh neighborhoods like Soho.

“Madison Square Park is a magnet for the type of clientele who will shop at these high-end furniture stores,” said Ross Burack of Winick Realty Group, which is marketing a retail space to high-end design tenants at the Moinian Group’s nearby 23 East 26th Street.

“[The area] is an epicenter for not only high-end residential development but also restaurants thanks to Shake Shack and Eataly,” Burack added. “And it is one of the most sought-after office locations in the entire city with brands like Sony moving their corporate offices there.”

Italian furniture designer Poliform earlier this summer signed a lease for 10,000 square feet a few blocks north of the park at 112 Madison Avenue. And within the past two weeks, Spanish kitchen-and-bath shop Porcelanosa opened its $40 million Sir Norman Foster-designed showroom and offices at the former Criterion building at the crux of Fifth Avenue and Broadway.

Ethan Allen, whose glossy catalogs feature designs such as the “Tuft Love Living Room” and the “Uptown Dining Room,” has a much larger location next to Bloomingdale’s at 1010 Third Avenue, spanning 30,000 square feet. The company opened its flagship store in 2008 amid a downsizing of its national footprint, when it closed a pair of stores on either side of Central Park.

Activist investor Thomas Sandell is fighting a proxy war in an effort to wrestle control of the home furnishing company from its executives.

Sandell, who launched his campaign in August, said the company should consider monetizing its real estate assets through a series of leaseback transactions or even create a real estate investment trust.

For more, download the full article in PDF

THE REAL DEAL_091715_Ethan Allen looks to bed down in Midtown South

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.