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Citybizlist

Winick Realty Group Represents WDI Group, Bringing Michelin-Starred Restaurant Concept to New York City

aaron-fishbein-print-ver-profile-001WDI Group, the acclaimed restaurant and hospitality group that has opened approximately 200 restaurants around the world since 1972, signed a long-term lease to bring Hong Kong-based Michelin-starred restaurant Tim Ho Wan to New York for the first time.

Tim Ho Wan—which currently operates locations in Hong Kong, Singapore, Taiwan, the Philippines, Malaysia, Indonesia, Thailand and Australia—will serve its celebrated dim sum menu at 85 Fourth Avenue. Expected to open in the third quarter of 2016, the restaurant will occupy approximately 2,000 square feet on the ground floor.

“85 Fourth Avenue is located at the crossroads of Union Square, East Village, West Village and Astor Place,” said Winick Realty Group’s Aaron Fishbein. “This location will expose Tim Ho Wan to a truly 24/7 market filled with young professionals, residents and tourists who are looking for cool concepts like theirs.”

Fishbein and his colleague Jeremy Wintner represented WDI Group, who currently run popular Japanese robata grill Inakaya in the New York Times Building and has worked with such well-known concepts as Il Mulino, Sarabeth’s, Tony Roma’s and the Hard Rock Café.

“It was a pleasure to work with a great company like WDI Group to bring this amazing concept to the New York market. We expect that Tim Ho Wan will be extremely popular and become one of New York City’s top dining destinations,” added Fishbein. “We look forward to continuing our relationship with WDI Group as their brands continue to expand.”

Landlord Rabina Properties was represented by Chris Stanton of Cushman & Wakefield.

For more, download the full article in PDF

citybiz-051616-Winick Realty Group Represents WDI Group, Bringing Michelin-Starred Restaurant Concept to New York City

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

Blue Dog Cafe Barks Up New NoMad Location

jeremy-wintner-print-ver-profile-001Blue Dog Café, the quality made-to-order restaurant concept with five Manhattan locations, signed a lease for their sixth storefront at 115 East 27th Street between Park and Lexington Avenues.

Winick Realty Group’s Aaron S. Fishbein and Jeremy Wintner represented the tenant in the 15-year lease, while landlord Schube, LP was represented by Salon Realty.

Blue Dog Café will occupy 500 square feet on the ground floor, as well as 250 square feet in the basement, in a space that sits adjacent to the lobby of TF Cornerstone’s newly-renovated office building. Fishbein and Winick Realty Group President Steven E. Baker recently leased the retail in that adjacent building to Barry’s Boot Camp and Artisanal Bistro, creating an incredible tenant mix that attracted Blue Dog Café to the area.

“With this lease, Blue Dog Café is well-positioned to reach the local office population and the NoMad residential population, who have demonstrated a growing need for a boutique café to complement the existing retail in the neighborhood,” said Wintner. “They are an established tenant with a great concept and they will fill that role well.”

Wintner and Fishbein are continuing to work with Blue Dog Café as they expand throughout Manhattan.

For more, download the full article in PDF

citybiz-042616-Blue Dog Cafe Barks Up New NoMad 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.

 

Citybizlist

Winick Realty Group Leases Hell’s Kitchen Location to Benjamin Moore Janovic Paint and Decorating Center

Charles_RapuanoWinick Realty Group President Steven E. Baker and Charles Rapuano successfully completed leasing efforts at 766 Tenth Avenue, a stand-alone, one-story building located on the corner of 10th Avenue and West 52nd Street in Hell’s Kitchen. Working on behalf of landlord 9300 Realty, Baker and Rapuano negotiated a long-term lease at the space for Benjamin Moore Janovic Paint and Decorating Center, who was represented by Corey Zolcinski of Jones Lang LaSalle Americas.

“Benjamin Moore Janovic Paint and Decorating Center has one of the best reputations as a paint and home decoration store in Manhattan,” said Rapuano. “We feel they will be a great fit for the neighborhood as so many newly-constructed residences are popping up throughout the West Side of Manhattan.”

This new location at 766 Tenth Avenue, which is expected to open in fall 2016, will replace the company’s current store at 771 Ninth Avenue. Benjamin Moore Janovic Paint and Decorating Center will occupy 3,100 square feet of retail on the ground floor, as well as 1,000 square feet of basement space. The space is set to undergo a full gut renovation, including a new storefront on West 52nd Street.

“It’s very rare to find a one-story, stand-alone building in Manhattan,” Rapuano added. “The tenant plans to fully customize and brand the building, taking full advantage of the benefits this type of space can provide.”

For more, download the full article in PDF

citybiz-042516-Winick Realty Group Leases Hell’s Kitchen Location to Benjamin Moore Janovic Paint and Decorating Center

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

Michael Cleeman of Winick Represents 1031 Exchange Buyer of PNC Bank in Raleigh, NC

PNC BankWinick Realty Group’s Investment Sales Team announced the successful sale of a PNC Bank at 14400 New Falls of Neuse Road in Raleigh, NC. The 3,924-square-foot bank is part of the Wakefield Commons Shopping Center, which is anchored by Marquee Cinemas with 12 screens and sits across the street from a Harris Teeter and the Rex Healthcare campus. The property serves one of the fastest-growing communities in the Raleigh submarket, Wakefield Plantation, which is a 2,200-acre residential and commercial community that includes the TPC golf course.

Michael Cleeman, Senior Vice President of Investment Sales, represented the 1031 exchange buyer 2255 Raleigh LLC in the $3,500,000 transaction and the seller was represented by Kentwood Capital Advisors and Mitra Hakimi Realty.

“The deal fit the buyers needs based on the strong credit tenant with growing deposits and the incredible development that is happening in the market surrounding it, along with the high average household incomes within a one-mile radius of $102,748,” said Cleeman.

For more, download the full article in PDF

citybiz-041816-Michael Cleeman of Winick Represents 1031 Exchange Buyer of PNC Bank in Raleigh, NC

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

Michael Cleeman of Winick Represents Buyer of TD Bank in Long Island

michael-cleeman-print-ver-profile-001Winick Realty Group’s Investment Sales Team announced the successful sale of a new TD Bank under construction in Geenlawn, NY. The 2,500 square-foot bank sits on an approximately 1.8 acre corner parcel at the intersection of Pulaski Road and Cuba Hill Road, adjacent to the BAE Systems office complex, in the town of Huntington on Long Island.

Michael Cleeman, Senior Vice President of Investment Sales represented the 1031 exchange buyer in the $4,650,000 transaction. Seller CLC Greenlawn LLC was represented by Stan Johnson Company and GFI Realty Services.

“The buyer was attracted to the strong demographic location with average household incomes above $135,000, traffic counts of over 25,000 VPD and the stability of a new 20 year lease that was recently executed,” said Cleeman.

For more, download the full article in PDF

citybiz-041216-Michael Cleeman of Winick Represents Buyer of TD Bank in Long 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

Michael Cleeman and Dovid Kaufman of Winick Complete Off-Market Sale of Grocery Anchored Shopping Center

michael-cleeman-print-ver-profile-001Winick Realty Group’s Investment Sales Team announced the successful sale of The Crossings at Marshall’s Creek in East Stroudsburg, PA. The 106,616-square-foot, grocery-anchored retail center sits on 12.5 acres at the intersection of State Route 209 and Oak Grove Drive (State Route 402).

Michael Cleeman and Dovid Kaufman represented both the seller, CBL & Associates Properties, Inc., and the buyer, Bluejay Management of NYC, in the $23,650,000 off-market transaction.

“The seller developed the property in 2013 and was looking to divest and relocate their capital into other opportunities,” said Cleeman, Senior Vice President of Investment Sales. “The buyer was attracted to the property’s retail dominance along the Pennsylvania – New Jersey border. Having a newly-built grocer anchor with a healthy rent to sales ratio, as well as the upside potential in leasing up the vacant space, made this property desirable.”

At the time of the closing, The Crossings at Marshall’s Creek was 94 percent occupied. The center is anchored by a 24-hour Price Chopper, Rite Aid, STS Tire and Family Dollar, and several regional shops.

For more, download the full article in PDF

citybiz-040716-Michael Cleeman and Dovid Kaufman of Winick Complete Off-Market Sale of Grocery Anchored Shopping Center

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.