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New York Real Estate Journal

Walter & Samuels and Winick negotiate lease for Hao Noodle

lee-block-258x30020According to Walter & Samuels, Inc., Hao Noodle & Tea by Madame Zhu’s Kitchen has signed a 15-year lease for 4,100 s/f of retail space at 343 West 14th St. in the Meatpacking District for its second area location.

According to Walter & Samuels chairman David Berley, who has owned the building for 11 years, restaurateur and owner Zhu Rong established her brand with a popular chain of restaurants in China before entering the North American market. Hao Noodle & Tea opened its first restaurant at 401 Sixth Ave. in the Greenwich Village, another Berley-owned property.

“We are pleased to provide Hao Noodle & Tea its second restaurant location on a prime stretch of West 14th Street with great visibility and foot traffic, which will build on the success of the restaurant’s first location,” said Berley, who as an owner of area retail for almost 50 years, has leased space to restaurants that include Tony May, Le Coq Rico and Quo Vadis.

Located between Eighth and Ninth Aves., the space features 2,500 s/f of ground-level retail with a new glass storefront, skylight, exposed brick, and 1,600 s/f in the basement.

Winick executive vice president Lee Block and associates Danielle Winick and Renee Tabache partnered with Steven Forest, a senior executive managing director at Walter & Samuels, Inc., the building’s management company, to represent the owner.

“Hao Noodle & Tea will benefit from a vibrant and diverse neighborhood that includes the world’s top fashion, media, entertainment and retail tenants, as well as proximity to the High Line and the Meatpacking District’s sole subway station, just a half a block away,” said Block, who noted that the restaurant plans to continue expanding across the East Coast.

Built in 1920, 343 West 14th Street is a five-story residential building with 16 apartments and a premium ground floor retail space. The surrounding area includes the recently completed condominium building 345meatpacking, the High Line, and area business that include Apple, Sephora, Columbia Sportswear, Sorel, Hugo Boss, and many others.

For more, download the full article in PDF

NYRE Journal_070417_Walter & Samuels and Winick negotiate lease for Hao Noodle

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

Brick And Mortar Being Used For Differentiation

lee-block-258x30020“We are seeing more and more non-traditional companies turning to brick and mortar retail to engage with their customers.” That is according to Lee Block, EVP of Winick Realty Group.

He recently told GlobeSt.com that whether it was short term or long term, a physical retail location allows the retailer to give their customer a different, more unique experience they can’t get online.

Companies like Snap Inc., Line Friends, Trunk Club, BirchBox, Kellogg, Pepsi and Chobani, to name a few, have all made their mark on the NYC physical retail landscape, he explains. “We don’t see this trend ending any time soon.”

And as more and more companies from all different industries look at ways to differentiate themselves from their competition, he expects to see brick and mortar retail being used to that effect. “New York City will continue to be the most sought after destination for such customer engagement by these large, multi-faceted companies.”

And anything you cannot get online is a key trend for brick-and-mortar stores, adds Randee Stratton, managing director of Newmark Grubb Knight Frank, based in the La Jolla, CA office. “This type of retailer will be more relevant than ever and will proliferate in the coming years. Examples of tenants within this category include service types such as spas and salons, restaurant concepts, and online fulfillment centers.”

For more, download the full article in PDF

globe street-061917-Brick And Mortar Being Used For Differentiation

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

Food spots devour half of the 10 biggest NYC retail leases signed in May

neptune-and-west-5thWith apparel retailers feeling the squeeze from online competition, grocers, food halls and restaurant tenants accounted for five of the 10 biggest retail deals inked in the city during month of May. The 10 biggest retail lease deals signed last month totaled 156,532 square feet, and the five food-focused tenants accounted for 107,000 square feet — 70 percent — of that figure.

In addition, four of the largest retail deals inked last month were outside Manhattan, with three in Brooklyn and one in Queens.

1) NetCost Market, 532 Neptune Avenue, Coney Island — 38,000 square feet

The Russian grocery chain, which has six other locations in the city, signed a new lease to take the ground floor of Cammeby’s International’s upcoming 40-story mixed-use tower at the site of the Trump Village Shopping Center. Lee Block of Winick Realty Group represented landlord Cammeby’s International in the lease deal. Asking rents were not disclosed.

For more, download the full article in PDF

THE REAL DEAL_060817_Food spots devour half of the 10 biggest NYC retail leases signed in May

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.

New York Real Estate Journal

Block and Winick of Winick represent Gracia Fashion in 9,500 s/f lease at 225 West 39th St.

225 West 39th StreetAccording to Walter & Samuels, Inc., women’s clothing brand Gracia Fashion has signed a 10-year lease for 5,000 s/f of ground-level and 4,500 s/f of lower level retail space at 225 West 39th St. between Seventh and Eighth Aves. in the Fashion District, proximate to Times Sq. and Herald Sq.

According to Walter & Samuels chairman David Berley, who has owned the building for over 30 years, the location features high ceilings and 45 ft. of visible frontage along West 39th St., making it an ideal retail outpost.

Winick executive vice president Lee Block and associate Danielle Winick represented the tenant. The Winick team partnered with Peter Weiss, principal and senior executive managing director at Walter & Samuels, Inc., the building’s management company, to represent the building ownership.

“This Fashion District asset is a wonderful historical building with great bones,” said Berley. “Yet, our interior offers fully modernized office and retail opportunities that we occupy with strong tenants, including world famous Israeli American fashion designer Yigal Azrouël and now Gracia Fashion, which has been a Fashion District retailer for many years.”

“Gracia Fashion is a successful women’s clothing brand with a solid reputation born from a loyal customer base and a long-standing history in the Midtown West neighborhood,” said Block. “We look forward to bringing Gracia Fashion into the building and having that relationship for years to come.”

Built in 1910, 225 West 39th St. features 90,000 s/f of loft space for office, showroom and retail uses across 12 floors. The surrounding area has numerous transportation options and amenities that include Skylark, Black Iron Burger and Ben’s Delicatessen.

Gracia Fashion was launched in 1998 and today is a recognizable brand in the international fashion scene. The label has been featured in In Style, Lucky, Cosmopolitan, Latina, WWD Magazine, People Magazine and Life & Style Magazine, among others. Gracia continues to create innovative styles that inspire fashion trends and gain the admiration of stylish women around the world.

Walter & Samuels, Inc. is one of New York’s most long-standing full-service real estate firms. Founded in 1933, the firm specializes in building management, leasing, asset management, financial analysis, coop and condo conversions, construction, and development. In addition to managing over three million square feet of commercial space, Walter & Samuels, Inc. is among the most successful and established converters in Manhattan, where it has performed over 30 major residential cooperative and condominium conversions.

For more, download the full article in PDF

NYRE Journal_060617_Block and Winick of Winick represent Gracia Fashion in 9,500 sf lease at 225 West 39th St.

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.

New_York_Post_logo

New Chinese joint coming to Meatpacking District

dumplingsManhattan is rediscovering its love affair with Chinese food.

Hao Noodle & Tea by Madam Zhu’s Kitchen, an authentic import from China, is opening in the Meatpacking District.

The chain launched its 4800-square-foot flagship eatery in Greenwich Village last year.

The new eatery at 343 W. 14th St. is slated to open this fall. It’s 2,500 square feet with a 1,600-square-foot basement.

Both restaurants are in buildings owned by Walter & Samuels.

Winick’s Lee Block, Danielle Winick and Renee Tabache partnered with Walter & Samuels’ Steven Forest to represent the owner.

For more, download the full article in PDF

NY Post_053017_New Chinese joint coming to Meatpacking District

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.

mann newswire logo

Netcost Market Signs 38,000-Square-Foot Lease at Cammeby’s Neptune/Sixth in Coney Island

626 sheepshead bay roadCammeby’s announced that NetCost Market has signed a 38,000-square-foot lease to relocate its Coney Island location to Neptune/Sixth, Cammeby’s new mixed-use neighborhood destination. The regional supermarket will serve as the anchor retail tenant of 532 Neptune Avenue.

The lease enables NetCost to expand from its current location in Coney Island within a neighboring property. The supermarket chain operates nine locations throughout New York, New Jersey and Philadelphia.

“NetCost Market is an important fixture and retail service in the Coney Island community, so we are extremely excited that this quality regional grocery chain has decided to relocate its neighborhood store to Neptune/Sixth,” stated Jacob Cohen, executive vice president of development at Cammeby’s. “As work begins on the project’s second phase, we expect that the presence of NetCost will play an important role in attracting tenants to the remaining available retail space.”

Neptune/Sixth is set to be home to a diverse mix of both retail shops and service-oriented business, while adding new amenities that the community can use and share, including ample parking. Neptune/Sixth also features brand new office space that several businesses will call home.

In recent months, Cammeby’s has announced lease agreements at 532 Neptune Avenue with Capital One, CVS Pharmacy and Apple Bank – all of which have been tenants of the former shopping center property that Neptune/Sixth will encompass. Additionally, Cammeby’s recently announced that department store DII will anchor Neptune/Sixth’s under-construction first phase, a seven-story commercial and retail building at 626 Sheepshead Bay Road.

“Cammeby’s has specifically targeted the types of retailers that Coney Island residents have communicated a desire to see at Neptune/Sixth,” stated Lee Block, executive vice president at Winick Realty Group, the exclusive retail leasing agent for Neptune/Sixth. “NetCost’s new space at 532 Neptune Avenue will allow the grocer to expand its offerings to meet the ever-growing demand in the neighborhood for top-quality foods that are rigorously sourced but reasonably priced.”

Designed by New York-based S9 Architecture, Neptune/Sixth is the comprehensive redevelopment of the former Trump Village Shopping Center and Royal Palace Baths.

For more, download the full article in PDF

mann newswire-052217-Netcost Market Signs 38,000-Square-Foot Lease at Cammeby’s Neptune-Sixth in Coney 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.