Winick Realty Group’s Hal Shapiro Completes Two Retail Leases at LIC’s PowerHouse Condominium
Winick Realty Group’s Hal Shapiro announced the completion of two retail leases at the base of the 177-unit PowerHouse Condominium, located at 50-09 Second Street in Long Island City.
The 6,422-square-foot space, which landlord V Partners LLC refurbished following Hurricane Sandy-related flooding, was divided to accommodate incoming tenant Tiger J Taekwondo and an expansion by existing building tenant Brighter Babies.
“This section of Long Island City is undergoing a considerable change with new schools being built and 5,000 residential units currently under construction in the immediate area,” said Shapiro, who represented ownership in both transactions. “There is an entire community of new families moving onto the Long Island City Waterfront, making preschool and afterschool activities an important service for the neighborhood.”
Brighter Babies, an early childhood education facility serving children ages three months to three years, leased an additional 3,459 square feet, practically doubling the size of their four-year-old location to approximately 8,000 square feet. The tenant is currently building out the space, which will be incorporated into their existing school. Shapiro represented Brighter Babies in the lease transaction.
Tiger J Taekwondo, which leased a 2,963-square-foot space at the building, was represented by Daniel Kim of Charles Rutenberg Realty.
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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.