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Globe Street

Winick Starts Up Investment Sales

urszula zoltekWinick Realty Group has launched an investment sales division to be headed by Urszula Zoletk who was hired to create the department.

“The investment sales market is red-hot right now, with a substantial amount of business that reaches pre-recession levels,” said Winick’s founding partner Tyler Bennett. “We believe it is the right time to launch a division to meet this demand.”

Bennett said the division will handle the range of investment-grade property types, including retail shopping centers.

Daniel Spector, also a founding partner, said Zoltek has experience in several states working with both private and institutional clients. She has worked in the New Jersey office of Marcus & Millichap and most recently served as Edgewood Properties’ leasing director.

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Globe Street

Buffalo Wild Wings Lands in Times Sq.

253 west 47th street 1For its first Midtown Manhattan location, Buffalo Wild Wings has leased an entire building in the Times Square area. The restaurant and sport bar chain’s new flagship will encompass more than 15,000 square feet at 253 W. 47th St., a location that came to fruition after a lengthy search.  “In Manhattan, you are often challenged by columns, low ceilings and other characteristics that get in the way of properly representing the one-of-a-kind experience and energetic atmosphere that Buffalo Wild Wings provides,” says Michael Gleicher of Winick Realty Group in a release. Gleicher and Winick CEO Jeff Winick represented Four M Capital LLC, the area franchisee for Buffalo Wild Wings. Landlord Friedland Properties was represented in-house by Aaron Prince.

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Winick Branches Out to LI

noel cabanHaving set its gaze westward four months ago, Winick Realty Group is now looking east. The New York City-based retail services firm, which in late 2012 opened a New Jersey office, on Monday announced the formation of a new division that is being led by industry veteran Noel Caban.

Winick’s Long Island division will focus on property investment and retail leasing on behalf of both landlords and tenants in Nassau and Suffolk Counties, as well as areas in Queens. Caban will also work with Winick to help solidify the company’s position in all of the outer boroughs. For the moment, he’ll be based out of Winick’s Midtown Manhattan offices; a physical presence on the island is in the near future.

Caban is returning to Winick as the latest iteration of a retail brokerage career spanning a decade. Most recently, he served as VP at CBRE, servicing the retail business requirements of clients including Bank of America, 7-Eleven, McDonalds, Ford Motor Co., Time Warner Cable and Tesla Motors. He has also worked with owners and developers that include Kimco Realty, Millbrook Properties, Forest City Ratner Cos. and Muss Development.

“Winick Realty Group is a regional market force in the New York and New Jersey markets, and I am proud to be re-joining the company as head of the Long Island retail division,” Caban says in a statement. “The Long Island market is eight million strong, encompassing some of the most affluent demographics with highest levels of disposable income. With Winick Realty Group’s retail heritage and market presence, it will be a win-win combination for both the tenants and landlords we will service in these markets.” He adds that he looks forward to strengthening Winick’s relationships in Nassau and Suffolk, while introducing the firm’s brand of retail service to a new customer base.

Pursuant to growing that customer base, Winick last month secured exclusive leasing representation for Chipotle Mexican Grill in its territory. The fast-casual chain currently runs to more than 60 locations throughout Northern New Jersey, Long Island and all five boroughs of New York City.

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Globe Street

Duane Reade Leases at 711 Third Avenue

Drugstore chain Duane Reade has leased an 18,000-square-foot space at 711 Third Avenue for 20 years. The lease consists of a basement space spanning 11,000 square feet and a ground floor space measuring 7,000 square feet. The asking rent for corner ground floor space was $175 per square foot in the area.

In the transaction, Winick Realty Group’s Jeff Winick negotiated on behalf of the tenant, while an in-house team represented the landlord, SL Green Realty Corp.

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Globe Street

Elixir Juice Bar Leases at 434 Sixth Avenue

Elixir Juice Bar has leased a 375-square-foot space at 434 Sixth Avenue for 10 years. The asking rent for the street-front store located between West Ninth and West 10th streets was $336 per square foot. Harran Holding Corp. is the landlord. In the lease, an in-house team represented the owner, while Winick Realty Group’s Charles Rapuano brokered for the tenant.

Elixir’s Sixth Avenue location will be opened in December 2012. The retailer plans for more stores in Los Angeles and Dallas.

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Globe Street

Winick Realty Opens First NJ Office in Cranford

Winick Realty Group, which was recently selected by Vornado Realty Trust to represent one of its prime retail properties in New Jersey, has opened its first state office here.

Daniel Spector and Tyler Bennett, both veteran retail brokers, have been named to head the new office as senior vice-presidents, said Winick president Steven E. Baker.

“New York and Northern New Jersey have always been fragmented markets,” said Bennett. “With this launch, we are creating one cohesive platform that provides all of our clients with one point of contact and one point of accountability that is uniform throughout the entire region.”

Spector added: “This concept has been tried before, but the way Winick Realty Group is able to differentiate itself is that we are able to service not only landlords and tenants, but also investors and developers, in both markets.”

“Because of our intimate past relationships with Winick Realty Group, Jeff Winick, Steven E. Baker and the entire executive team,” Spector said, “we plan on having strong synergy between the two offices. We will leverage the many services already in place in the New York office to offer the highest level of service across the entire New York Metropolitan region.”

Baker noted that Bennett and Spector have established relationships with major industry players, including top landlords and national tenants who are now exclusively represented by Winick Realty Group.  The two serve as the exclusive brokers for some of the area’s most active national tenants, including Crunch Fitness, Buffalo Wild Wings, Pep Boys, Wendy’s, Safeguard Self Storage, Jersey Mike’s and Chipotle Mexican Grill.

“With the launch of its New Jersey presence,” said Baker, “Winick Realty Group has solidified its position as one of the Metro New York area’s top retail real estate firms and the company anticipates further growth by year’s end.”

The new office is located at 11 Commerce Drive, Suite 205, in Cranford.

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