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Winick Realty Group Expands Commercial RE Efforts with Addition of Investment Sales & Commercial Leasing Division

david-workman-print-ver-profile-001Winick Realty Group, founded in 1982 as the second-ever commercial leasing firm solely focused on retail, has announced an expansion of its commercial real estate efforts for the first time in its 35-year history.

The firm has hired David Workman, formerly Executive Managing Director of Savitt Partners, to lead a team of brokers who will handle investment sales, office leasing, 1031 exchanges, land sales and a host of other commercial real estate services on a local, national and international basis. The new investment sales and commercial division will leverage Winick’s existing retail relationships, as well as harness the incredible analytics and data efforts led by Executive Vice President Kenneth Hochhauser, in order to bring new, expanded levels of service to the Winick Realty Group brand.

“Our vision is to expand upon and establish even more resources, such as investment, acquisitions, dispositions and commercial leasing, within the array of services this iconic firm already provides,” said Workman. “For more than three decades, they have specialized in retail leasing and now, with this new department, landlords and tenants alike can also take advantage of an expertise in all aspects of commercial real estate in both the leasing and sales arenas. We are excited to add additional services for the company to offer their clients.”

Workman comes to Winick Realty Group with more than 30 years of experience, during which time he has been involved in investment sales and leasing transactions valued over $1 billion. His career has run the gamut from commercial leasing to investment sales to the sale of land and air rights.

Over the course of his career, Workman executed multiple 1031 exchanges in New Jersey, Florida and New York, among others. Workman acted as buyer broker for a foreign investment group in the acquisition of two off-market downtown office buildings at 67 Broad Street (now 75 Broad Street) and 39 Broadway, totaling approximately 1.2 million square feet. He sold seven supermarkets and five CVS locations totaling approximately 400,000 square feet in Georgia, South Carolina and North Carolina to The Rosen Organization, as well as 1,000 acres of land at the Tennanah Lake Golf & Tennis Club in Roscoe, NY to one of the largest landlords in Palm Beach. Workman represented Pace University in the off-market acquisition of 100,000 square feet at 106 Fulton Street; sold more than 100,000 square feet of air rights at 310 West 52nd Street to Sant Chatwal, the developer of the Dream Hotel; and oversaw the marketing and eventual sale of 80-90 Livingston Street, a multi-use building comprised of existing retail and residential units with development rights in Brooklyn.

On the commercial leasing side, Workman has successfully completed commercial leasing efforts on behalf of Wilhelmina Models, Fiduciary Trust, First Investors, Metromedia, Masco Corporation, Met Life, Zurich Reinsurance and many others. Coincidentally, the only retail deal Workman has ever completed was with Winick Realty Group, having worked with Executive Vice President Darrell Rubens a decade ago to lease more than 23,000 square feet to Gold’s Gym at 90 John Street.

Workman leads a team that includes new hires Elana Tsyganko and Max Kostikov, both of whom come to Winick with more than six years of commercial leasing and sales experience, as well as salesperson Matthew Schwartz. Derek Weinberger, who has been an Investment Sales Associate at Winick Realty Group since 2015, where he focuses on properties in New York City and Long Island, will now be working with Workman as well. The team brings together years of experience in real estate investment and deal structuring and they are poised to take on any job required to give their clients the insight and expertise they need.

“I am honored to join Winick Realty Group in this effort and I am heartened to know that I have their full support,” said Workman. “I like the fact that CEO Jeff Winick and President Steven Baker, along with all of the partners here at Winick Realty Group, believe in what we are doing and they are completely behind us. One of the most attractive things about this new venture is being able to have the support of a cutting-edge, market-savvy team. Given the immediate reaction of the entire Winick organization in bringing their potential business opportunities and relationships, we expect to be very busy.”

“It is a pleasure to welcome David Workman and our entire new commercial leasing and investment sales team as they lead Winick Realty Group into its next chapter,” said Steven E. Baker, President of Winick Realty Group. “We look forward to being able to offer our clients a full range of commercial leasing and investment sales services and I am confident we have the right team in place to make this new division a great success.”

For more, download the full article in PDF

mann newswire-072417-Winick Realty Group Expands Commercial RE Efforts with Addition of Investment Sales & Commercial Leasing Division

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.

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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.

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Winick Realty Group Secures SoHo Flagship For Italian Heritage Brand LUANA Italy

daniyel-cohen-web-ver-profile-001Luana, the renowned brand of elevated contemporary handbags and women’s accessories, has leased their first U.S. storefront at 155 Spring Street, between West Broadway and Wooster Street in the heart of SoHo.

Since Luana’s inception in Pelago, Italy in 1965, Luana has expressed feminine modernity, fusing timeless and classic design with contemporary production techniques to create iconic, modern objects that compliment all facets of modern life. Luana is in the midst of a relaunch under the ownership of 5M USA, who purchased the brand in 2013. This new flagship retail store, which will bring the Luana brand to SoHo shoppers and tourists of all ages, is now open.

Winick Realty Group Director Aaron S. Fishbein and Associate Daniyel Cohen represented Luana, while landlord Vornado Realty Trust was represented in-house by Edward Hogan and Mitchell Dearman. Ownership installed a new storefront in the space, which comprises 594 square feet on the ground floor and 432 square feet in the basement.

“From day one, Luana wanted to be in SoHo, a neighborhood they consider to be the epicenter of fashion,” said Fishbein and Cohen. “They were drawn to the area’s trendsetting nature, as well as the incredible luxury co-tenancy, which includes Chanel, Burberry and Longchamp. Their combination of old-fashioned service and accessible luxury will be a great fit on this street.”

For more, download the full article in PDF

mann newswire-022117-Winick Realty Group Secures SoHo Flagship For Italian Heritage Brand LUANA Italy

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.

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Capital One Bank Signs Retail Lease At Cammeby’s Neptune/Sixth In Coney Island 

626 sheepshead bay roadCammeby’s announced that Capital One Bank has recently signed a lease to become the latest retailer at Neptune/Sixth, Cammeby’s new mixed-use neighborhood destination at 532 Neptune Avenue and 626 Sheepshead Bay Road in Coney Island.

The agreement will allow Capital One Bank to maintain its long-term presence in the Coney Island community. The bank currently operates a branch in a temporary space along Neptune Avenue while its new space within Neptune/Sixth is being constructed.

The lease comes on the heels of announcements that both CVS Pharmacy and Apple Bank for Savings (Apple Bank) will occupy ground-floor retail spaces at 532 Neptune Avenue within Neptune/Sixth. CVS, Apple Bank and Capital One Bank had previously been tenants of a former shopping center property that Neptune/Sixth will encompass.

“We are thrilled that Capital One Bank will remain in Coney Island, and play a key role in the neighborhood’s ongoing revitalization as part of Neptune/Sixth,” stated Jacob Cohen, executive vice president of Development at Cammeby’s. “It represents yet another of the longtime area businesses that will continue to serve its customers as part of this modern, significantly enhanced community development.”

In addition to Capital One Bank, CVS and Apple Bank, 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. The development also features brand new office space that a number of businesses will call home.

Construction on the development’s first phase – a standalone seven-story, 161,000-square-foot retail and commercial building at 626 Sheepshead Bay Road – has begun, and is expected to be completed by summer 2017. Site work for the retail at Neptune Avenue – comprising 90,000 square feet – is also underway.

“Both Cammeby’s and Capital One Bank have shown a strong commitment to working together to reach an agreement that will ensure customers will continue to access the bank’s services throughout the entire construction of Neptune/Sixth,” stated Lee Block, executive vice president at Winick Realty Group, the exclusive retail leasing agent for Neptune/Sixth. “This branch provides a key service to both longtime and new residents of Coney Island, and we are heartened that it will remain here for years to come.”

For more, download the full article in PDF

mann newswire-012317-Capital One Bank Signs Retail 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.

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Winick Realty Group Markets Boutique Hotel Retail Opportunity in Hudson Square

229-outsideWinick Realty Group proudly announced that the company has been selected to market a unique boutique retail opportunity at the base of the new 325-room Arlo Hudson Square, located between Canal and Spring streets.

Winick Realty Group Executive Vice Presidents Darrell Rubens and Lee Block are marketing the approximately 1,000-square-foot retail space to tenants who not only wish to join the exciting tenants and partnerships already open at the property–including Harold’s Meat + Three, the popular new restaurant from chef Harold Moore, as well as Joe’s Coffee and Blind Barber–but also take advantage of unique branding opportunities throughout the hotel with over 500 captive guests in the hotel every day.

“This boutique retail space has its own storefront entrance but is also connected to the hotel through their beautiful communal space and outdoor courtyard totaling 10,000 square feet,” said Rubens. “An incoming tenant can expand their branding throughout the hotel, utilizing the courtyard, restaurant and rooftop bar for events and merchandising opportunities.”

The Arlo Hudson Square opened in September 2016, while the retail space is currently under construction with an expected possession date in Q1 2017. Hudson Square is one of Manhattan’s most dynamic up-and-coming neighborhoods, with more than $400 million in residential and commercial developments currently underway within one block of the hotel, including Related Companies’ new luxury rental building at 261 Hudson Street.

For more, download the full article in PDF

mann-newswire-112916-winick-realty-group-markets-boutique-hotel-retail-opportunity-in-hudson-square

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.

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Apple Bank Signs Retail Lease at Cammeby’s Neptune/Sixth in Coney Island

apple-bank-neptune-sixthCammeby’s has announced that Apple Bank for Savings (“Apple Bank”) has recently signed a lease to become the latest retailer at Neptune/Sixth, Cammeby’s new mixed-use neighborhood destination at 532 Neptune Avenue and 626 Sheepshead Bay Road in Coney Island.

The lease will enable Apple Bank to continue servicing the Coney Island community, where it has had a presence for several years. Currently, Apple Bank is occupying temporary space at 532 Neptune Avenue while its new space within Neptune/Sixth – totaling approximately 2,800 square feet at the corner of Neptune Avenue and W. 5th Street – is being constructed.

The lease comes on the heels of Cammeby’s announcement that CVS Pharmacy has also committed to ground floor retail space at 532 Neptune Avenue within Neptune/Sixth. Both CVS and Apple Bank had previously been tenants of the former shopping center property that Neptune/Sixth will encompass.

“We’re thrilled that Apple Bank has decided to be part of the revitalized neighborhood we’re creating at Neptune/Sixth,” stated Jacob Cohen, executive vice president of Development at Cammeby’s. “This lease is further validation of our original vision for this project as a modern, high-quality community development that will provide residents with a variety of important services to meet their daily needs.”

In addition to Apple Bank and CVS, Neptune/Sixth is planned to house a diverse mix of services and retail options, while adding new amenities that the community can use and share, including ample parking. The development will also feature brand new office space for a variety of businesses.

Construction on the development’s first phase – a standalone seven-story, 161,000-square-foot retail and commercial building at 626 Sheepshead Bay Road – is underway, and is expected to be completed by summer 2017. Site work for the retail at Neptune Avenue – comprising 90,000 square feet – has also recently commenced.

“As a result of the commitment by both Cammeby’s and Apple Bank to working together, we were able to orchestrate a lease agreement that ensures Apple Bank’s ability to provide uninterrupted service to the Coney Island community throughout construction on Neptune/Sixth,” stated Lee Block, executive vice president at Winick Realty Group, the exclusive retail leasing agent for Neptune/Sixth. “This has historically been a very successful branch for Apple Bank and we’re very pleased to retain such a valuable business for the neighborhood.”

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-112116-apple-bank-signs-retail-lease-at-cammebys-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.