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Globe Street

Sales, Leases, and Executive Moves Making News in New Jersey

176 Kindrkamack rdWinick Realty Group’s Urszula Zoltek recently completed two property sales transactions in New Jersey, representing both the seller and the buyer in both transactions.  HSVC Investments LLC sold a mixed-use, three-story building at 21-25 Monroe Street in Passaic to 21, 23 & 25 Monroe Street LLC. The buyer also owns the property next door and decided to purchase the building in order to maintain its condition and preserve the value of both properties. 21-25 Monroe Street includes 12 one-bedroom apartments and four ground-floor retail spaces, each measuring 650 square feet. Currently three of the retail spaces are occupied by local businesses—a computer repair shop, a grocery and deli, and a botanica—while the fourth is currently vacant. The building was sold for $1.075 million and the sale transaction took two months to complete. At 176 Kinderkamack Road in Emerson, Hayden Asset II LLC sold 0.22 acres of land to 182 Emerson LLC for $465,000. The parcel of land is located at the intersection of Linwood Avenue, close to Vilano Elementary School, Emerson Public Library, Emerson Municipal Plaza and a New Jersey Transit Railway Station. The property houses a one-story, 1,600-square-foot retail building, as well as 14 parking spaces. The former home of AJ’s Restaurant, Wacky Burgers and Fries, the retail site is currently vacant and is available for lease.

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globe street-033015-Sales, Leases, and Executive Moves Making News in New Jersey

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. 

Globe Street

Dance Troupe Will Kick Up Heels in New Summit Studio

njdte outdoor Photo Kevin O’ConnellNew Jersey Dance Theatre Ensemble, a dance training center offering advanced ballet, modern and contemporary dance programs for dancers ages 7-18, has signed a lease for a new training facility at 315 Springfield Avenue in Summit, NJ.

Winick Realty Group NJ senior vice president Daniel Spector and his associate Susan Preisler represented the Ensemble, working with artistic director Nancy Turano to find the ideal location.

“Previously, New Jersey Dance Theatre Ensemble shared spaces in several locations throughout the tri-state area,” says Preisler. “What New Jersey Dance Theatre Ensemble was looking for was a home of their own that dancers from all over New Jersey—as well as visiting artists from New York City and around the world—could get to easily. The town of Summit was chosen because of its direct trains to New York City, proximity to Newark Airport, and vibrant and cultural downtown district.”

The 8,800-square-foot built-to-suit space is currently under construction with an anticipated summer 2015 opening. When completed, the facility will feature four dance studios, media library, dressing rooms, storage area for costumes and props, and executive offices. The reception area will also include a retail component where students can purchase specialized dancewear. Finally, the space also has an outdoor garden adjacent to an indoor multi-purpose room/lounge area.

“We are thrilled that Dan Spector and Susan Preisler of Winick Realty were able to locate and secure this jewel of a site for New Jersey Dance Theatre Ensemble’s new home,” says Turano. “They both went above and beyond to find not only the right location but one that actually exceeded every requirement we had. We look forward to expanding our reach and mentorship for young dance artists in our New Summit Home and partnering with a community that already supports culture and excellence.”

George and Marika Paras of Paras & Paras represented the landlord, RBP Associates c/o Bassett Associates.

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globe street-030615-Dance Troupe Will Kick Up Heels in New Summit Studio

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. 

 

Globe Street

Cleeman: CRE Firms Must be Multidimensional

michael-cleeman-print-ver-profile-001The announcement earlier this week that Winick Realty Group was starting a retail investment sales division was accompanied by the appointment of a newly hired executive, Michael Cleeman, to head up the effort as a SVP. GlobeSt.com caught up with the seasoned retail sales broker to learn about the thought process that prompted Winick’s decision and how the division is going to be created in this EXCLUSIVE interview.

GlobeSt.com: Why has the company decided to launch a retail investment sales division?

Cleeman: We want to be a more full service entity to clients, it’s a natural outgrowth of retail leasing. To be competitive in the market today, you need to be multidimensional and we felt that the synergies between leasing and investment sales would help us grow while also helping clients. Our leasing knowledge is helpful on acquisition side.

GlobeSt.com: Are there market conditions at play that made this a particularly opportune time to start a retail investment sales group?

Cleeman: In the current market, our clients need a broader scope of services and knowledge. Clients today want to make more informed and quicker decisions—good deals go fast. As our client firms grow, we want to grow with them.

GlobeSt.com: What makes you suited to running this new effort?

Cleeman: I’ve been in retail investment salesfor over a decade so I’m bringing my knowledge, experience and expertise together with Winick’s breadth of knowledge. We felt it’d be a marriage that makes sense.

GlobeSt.com: As you work to staff up the division, what will you be looking for and over what time period?

Cleeman: We have an amazing culture of young, driven folks who want to beat their peers and I’ll be looking for people like that. There’sno limit to the size of the group but we’ll have different geographic regions represented, like one broker covering Manhattan and some working in the outer boroughs. We will staff up as soon as I find the right people.

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globe street-022715-Exclusive Interview with Michael Cleeman

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. 

Globe Street

Winick Launches Investment Sales Group

michael-cleeman-print-ver-profile-001Winick Realty Group has created an investment sales division in Midtown and made a new hire to lead the effort. Michael Cleeman—who most recently was a VP of investment sales in retail at Cohen Real Estate—has joined the firm as SVP of investment sales.

“I’m looking forward to great synergies between the investment sales and retail leasing teams,” says Cleeman, who brings about 10 years of experience to the table.  “The knowledge and information from the retail leasing end of the business will be extremely helpful and beneficial, giving us a strong position from which to service our client base.”

“We are happy to welcome Michael,” adds Winick Realty Group president Steven Baker. “We are confident that his strong reputation and relationships will be a great asset as we launch our investment sales division, which we feel is a natural evolution from our retail leasing business.”

Working alongside Cleeman is Eldon Khorshidi. A former investment sales associate at Cohen Real Estate, Khorshidi actively sought out commercial property sales opportunities in Tribeca and developed relationships with landlords and investors across the city.

For more, download the full article in PDF

globe street-022515-Winick Launches Investment Sales Group

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.  

 

Globe Street

Exclusive Agency Assignments for Kislak, Winick, and NAI Mertz

tyler-bennet-258x3005Ashkenazy Acquisition Corporation has selected Winick Realty Group to market Washington Bridge Plaza, 2151 Lemoine Avenue in the Fort Lee, NJ market.

The property includes spaces of 1,800 square feet or up to 8,300 square feet in the Washington Bridge Plaza shopping center. Located immediately over the George Washington Bridge and one block from Fort Lee High School, the center is anchored by Walgreens and includes such highly-regarded national co-tenants as Verizon, Five Guys, GNC, and an HSBC Bank branch that boasts over $115 million in deposits.

“I am delighted to be working with Ashkenazy for a second time to market one of their prime New Jersey Properties,” says Tyler Bennett, Winick senior vice president and co-founder. “Washington Bridge Plaza is one of the few shopping centers in the Fort Lee market with on-site parking, as well as accessibility for both pedestrian and vehicular traffic, and the center has had a long history of housing very successful retailers.”

For more, download the full article in PDF

globe street-012915-Exclusive Agency Assignments for Kislak, Winick, and NAI Mertz

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. 

 

 

Globe Street

Winick Realty Group Brings Jersey Mike’s to Four New NJ Markets

GK MC handshakeWinick Realty Group’s Gary Krauss, the exclusive broker for Jersey Mike’s in New Jersey, has negotiated five new leases for the popular sandwich chain, bringing the brand to four new markets in its home state of New Jersey.

Jersey Mike’s leased 1,600 square feet at 346 Route 10, East Hanover, NJ, where it joins such national co-tenants as Verizon and Party City.

“The Route 10 corridor is going through a huge transformation, and this is one of the most exciting pieces of real estate in the market,” says Krauss. Jersey Mike’s is occupying a former Daffy’s menswear store. Bill Lenaz of RJ Brunelli represented the landlord, JEMB Realty.

The company’s first West Orange location is set to open at 235 Prospect Avenue in the Whole Foods Center. The 1,750-square-foot store shares its space with Chipotle Mexican Grill, for which Winick Realty Group had also negotiated the lease.

“Chipotle took over a former fast food operator’s space; however, the space was larger than Chipotle needed, so since we represented both Chipotle and Jersey Mike’s,  we were able to leverage our relationship with the landlord and integrate both concepts into the vacant space,” says Krauss. Vanguard and Levin Management, who co-own the property, were represented in-house.

Jersey Mike’s leased 1,200 square feet at the Pheasant Valley Shopping Center in Warren, NJ. Located at 177 Washington Valley Road, the storefront sits in an A&P-anchored shopping center alongside co-tenants including Walgreens, Moe’s Southwestern Grill and Dunkin Donuts. Ray Ayers represented landlord Hampshire Properties in a direct deal.

Finally, the brand is opening two new locations in Wayne, NJ. In the West Belt Plaza Shopping Center, Jersey Mike’s leased 1,350 square feet at 57 Route 23, marking the first northern New Jersey location for the franchise operators, who own six Jersey Mike’s locations in Southern New Jersey. The brand joins Home Goods, Pet Smart, Fidelity Investments and a soon-to-open Starbucks. Neal Richards of Vanguard represented landlord Segal and Segal. The same operators are also opening a store within the Wedgewood Plaza Shopping Center, located on the busy Hamburg Turnpike. Krauss negotiated a lease for 1,700 square feet at 155 Hamburg Turnpike. Mills Retail Real Estate represented landlord Wedgewood Properties LLC.

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globe street-121814-Winick Realty Group Brings Jersey Mike’s to Four New NJ Markets

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.