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New York Observer

Blick Art Materials Among Retailers Opening Outposts in DoBro

Illinois-based Blick Art Materials has inked a 7,700-square-foot deal at 41 Flatbush Avenue, also known as the Pioneer Building, in Downtown Brooklyn, Commercial Observer has learned.

The company, a third-generation store that sells a wide variety of art supplies, will occupy a 1,400-square-foot part of the ground floor and 6,300 square feet on the lower level of the building between Livingston Street and Lafayette Avenue, according to information provided by CPEX Real Estate. The asking rent for the ground-floor section was $125 per square foot, and the deal is for 10 years.

Blick currently operates more than 65 retail stores in 25 states around the country. The company has six locations in the Big Apple, including one soon-to-be opened outpost in Harlem at 261 West 125th Street between Frederick Douglass and Adam Clayton Powell Jr. Boulevards. The new store in Downtown Brooklyn will be the second in Brooklyn. The first Kings County location is at 536 Myrtle Avenue between Grand Avenue and Steuben Street in the Clinton Hill section of the borough.

CPEX’s Ryan Condren and George Danut handled the deal for the landlords, Quinlan Development Group and Building and Land Technology. Winick Realty Group’s Joshua Siegelman brokered the deal for the tenant. Siegelman declined to comment via a spokeswoman.

In addition to Blick, there were three smaller-sized retail transactions at the building, which recently underwent a $30 million gut renovation, with designs by Beyer Blinder Belle, as CO previously reported. Each of the tenants are expected to move in by the end of the year. Their asking rents were $125 per square foot and the leases are all for 10 years.

Smoothie King, which makes fruit and vegetable drinks for more than 800 locations around the globe, will take part of the ground floor in a 1,200-square-foot transaction for 10 years. This will be its third location in New York City. Nick Masson of Schuckman Realty handled the deal for Smoothie King.

Coffee Project New York, a coffee shop, completed a 10-year, 1,000-square-foot lease on the ground floor for its first location in Brooklyn. Alexander Karas of Winick represented the tenant.

And the United Parcel Service (UPS) took an 800-square-foot ground floor space for The UPS Store. Hudson’s Nicole Liebman represented UPS in the 10-year transaction.

“We are happy with this mix and caliber of tenants for the Pioneer Building,” Tyler Wilkins, a partner at Quinlan Development Group, said in a statement. “This lineup will provide a good set of amenities to the office residents upstairs and the neighborhood.”

There is still 12,000 square feet of retail space available at the building, which is being marketed exclusively by CPEX. The brokerage is targeting gourmet markets, cafés, fitness centers, restaurants and gastro pubs. Asking rent for the remaining available space ranges from $80 per square foot to $140 per square foot.

“The secured tenants form a solid foundation for the overall activity at the base of the Pioneer Building,” Danut said in a prepared statement.

Digital media and podcast production company Gimlet Media signed a nearly 27,000-square-foot lease at the building to be the first office tenant, as CO reported in June.

For more, download the full article in PDF

NY Observer-102017-Blick Art Materials Among Retailers Opening Outposts in DoBro

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 Observer

Keep It Small: The Leases Where Mini Is Marvelous

While bigger is often considered better, when it comes to leases for some small businesses, the opposite can be the case.

Jewelry designer Angie Marei was looking to move her jewelry business out of her home office in Dumbo, Brooklyn, but wanted to remain nearby. She needed a space where she “could take client appointments, showcase my work in a showroom setting and also have space for my jewelry bench,” she said.

In searching around Brooklyn and Manhattan, she kept finding spaces that were just too large for her needs. But at Two Trees Management Company’s 45 Main Street in Dumbo, she found a cozy 187 square feet. She moved in on March 15 and opened Diaboli Kill Jewelry Showroom for business on June 1.

“I searched all around the Brooklyn and Manhattan, and most offices were too big for my needs. I was looking for a nice private office where I could take client appointments, showcase my work in a showroom setting and also have space for my jewelry bench. Since jewelry doesn’t take up much physical space, this 187-square-foot office was perfect for me.”

Speaking of 45 Main Street, designer Nicole Meléndez occupies 269 feet in the building and said that for her athleisure and swimwear studio, the square footage is just right.

“I’m in business to turn a profit, and it is not practical to get a big space for two to three people to be in, and [it] will be an expense that will have me chasing my tail,” Meléndez said.

The building has some shared spaces—a conference room on the floor and a fully furnished rooftop—which she and her employees can use.

“I’d rather get a well-designed space in a bright and comfortable environment that allows me to have a space to work but that I don’t have to work only to pay [for] the space,” she said.

For Rawmantic Chocolate owner Kasia Bosne, “the bulk of her business comes from selling her chocolate to other retail locations so she needed to have a presence but didn’t need a large space as long as there was a kitchen included for preparing chocolates on site,” Winick Realty Group’s Zach Diamond, the tenant’s representative, said via a company spokeswoman.

So when Rawmantic’s old landlord informed the organic chocolate company that it would be redeveloping the building where it was located, it found a 320-square-foot retail space at 1053 First Avenue between East 57th and East 58th Streets, where it will be opening in September, Diamond said.

And at 21 Crosby Street, Eastern Consolidated’s James Famularo did a series of small deals for boutique retailers Dinosaur Designs, Max-Bone, Fueguia and Annabel Ingall. He represented the landlord, Corigin Real Estate Group, and procured the tenants. The reason the tenants wanted spaces, all 400 square feet or smaller, came down to dollars and cents. “Bigger spaces were too expensive,” he said, referring to Crosby Street’s high rents. And the landlord knew as much, cutting larger spaces down to smaller ones to make them rentable to luxury goods shops.

For more, download the full article in PDF

NY Observer-072617-Keep It Small

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 Observer

Letting the Cat Out of the Bag: Biscuits & Bath Nails First Lower Manhattan Deal

71 broadwayIn the dog days of summer, Biscuits & Bath has sealed a deal to bring its business to Lower Manhattan for the first time, Commercial Observer has learned.

The full-service dog care business, which has 11 locations throughout Manhattan, has leased 3,100 square feet at the base of 71 Broadway, which was home to The Factory Shoe Outlet for 60 years, according to a press release from Winick Realty Group provided to CO. The asking rent in the 13-year deal was $90 per square foot, a Winick spokeswoman indicated.

“Over the last 10 years, Lower Manhattan has experienced an incredible residential boom with more than 60,000 people currently living down there and more coming every year,” Winick’s Matthew Schuss said in prepared remarks. “However, the abundance of landmarked buildings left few opportunities for the retail services that these residents require, making Biscuits & Bath a much-needed amenity for not only the building but for the entire neighborhood.”

Schuss and Winick’s Darrell Rubens represented Biscuits & Bath and the landlord, Equity Residential, in the deal.

The building at 71 Broadway, also known as 65 Trinity Place, is at Rector Street. There remains 3,502 square feet of available retail in the residential building (previously leased to Champs Deli and a hair salon). Above are 237 apartments with studios starting at $3,055 per month, one-bedrooms at $3,535 a month and two-bedrooms at $4,820 monthly, according to Equity Residential’s website.

The new Biscuits & Bath is slated to open early next year.

For more, download the full article in PDF

NY Observer-071917-Biscuits & Bath Nails First Lower Manhattan Deal

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 Observer

Chelsea Piers Plans 52K-SF Gym in Downtown Brooklyn

33 bondThe company behind the sprawling Chelsea Piers complex on Manhattan’s West Side has inked a deal to operate a gym in a new Downtown Brooklyn rental building.

The 22-year-old firm signed a long-term lease for 52,000 square feet at the base of TF Cornerstone’s 33 Bond Street, a new luxury rental project under construction at the corner of Atlantic Avenue. Chelsea Piers will occupy 21,000 square feet on the ground floor and 31,000 square feet on the lower level, and its high-ceilinged space will have an entrance on Schermerhorn Street, across from the Ace Hotel, according to a release from the developer. The asking rent and the length of the lease weren’t immediately available.

However, the average asking rent for ground-floor retail space in the neighborhood hovers around $100 a square foot, according to The Wall Street Journal, which was the first to report news of the deal.

Chelsea Piers was represented in-house for the long-term lease transaction. TFC was represented in-house by Steve N. Gonzalez, along with Winick Realty Group’s Steven E. Baker, Aaron S. Fishbein and Daniyel Cohen. The building still has 8,745 square feet of retail available, and the developer is “actively speaking with a variety of similarly-upmarket retailers, including artisanal food services, pantry operations, home goods and high-quality restaurants” for the space, according to the release from TFC.

A spokeswoman for Winick didn’t immediately return a request for comment.

The 25-story, 714-unit rental building is scheduled to open to residents later this summer, according to spokespeople for the developer. Current listings up for grabs at the development range from studios asking $2,530 a month to two-bedroom, two-baths for $5,420, according to StreetEasy. Residents will be able to access the gym from the lobby of the building and will be able to get discounted memberships.

“Downtown Brooklyn has transformed into a multi-faceted, diverse marketplace where top retailers such as Apple, Whole Foods and now Chelsea Piers are seeing a unique opportunity to reach their target demographics where they live, work and shop,” Jake Elghanayan, a senior vice president at TFC, said in prepared remarks.

For more, download the full article in PDF

NY Observer-071017-Chelsea Piers Plans 52K-SF Gym in Downtown Brooklyn

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 Observer

Farm-to-Table Coffee Roasters Devoción Opening Second Brooklyn Location

devocion williamsburg interiorDevoción, a Colombia-based coffee purveyor, is opening its second Brooklyn café, this one at TF Cornerstone’s 300 Livingston Street, the retail component at the base of the residential building known as 33 Bond, in Downtown Brooklyn, Commercial Observer has learned.

“Our second New York location is, to some degree, more important than our first, so I am excited to have found such a great location in Brooklyn that is evolving quickly,” said Steven Sutton, the founder of Devoción, in prepared remarks.

The ground-floor space is 1,722 square feet and the 40-seat café will open in late-2017, according to a spokeswoman for Winick Realty Group. The asking rent in the 15-year deal was $125 per square foot, she said.

The café will offer the brand’s trademark farm-fresh direct trade coffee, as well as in-house freshly baked pastries and sandwiches.

“With a network of over 400 microlot farms throughout Colombia, Devoción is the only true farm-to-table coffee roaster serving the freshest coffee in the U.S. as they overnight their beans from Bogota to their Williamsburg showroom via FedEx for roasting in as little as 10 days from ‘green state,’ ” Winick said in a news release.

Steve N. Gonzalez, the director of retail leasing at TF Cornerstone, said Devoción offers “a unique concept that will greatly serve the 714 residential units in the building, as well as the ever evolving retail landscape of Downtown Brooklyn and Boerum Hill.”

Winick’s Steven E. Baker, Aaron S. Fishbein and Daniyel Cohen represented TF Cornerstone. Jordan Covell of Covell Consulting represented Devoción. Covell didn’t immediately respond to an email inquiry.

“The building at 300 Livingston Street is uniquely situated between two of Brooklyn’s fastest-growing neighborhoods and, specifically, it is positioned on the traffic path that leads Boerum Hill residents to the many area train stations,” Baker said in a statement. “This accessibility helped draw Devocion to 300 Livingston Street and will help to make them a staple to the neighborhood.”

Founded in 2006 in Colombia, Devoción then came to New York City in 2013, at 69 Grand Street at Whythe Street in Williamsburg.

As CO previously reported, the development at 300 Livingston Street is 25 stories with 714 units, 20 percent of which will be affordable, along with 55,000 square feet of retail over two floors. Devoción marks the first tenant to sign on in the retail portion. The building has been topped off and is slated to come online by the middle of this year.

For more, download the full article in PDF

NY Observer-061517-Farm-to-Table Coffee Roasters Devoción Opening Second Brooklyn Location

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 Observer

New Muay Thai Kickboxing Concept Coming to Nolita

2-spring-street-photo-costar-groupMuay Thai instructor and fighter Tyler Scott has created a new boutique kickboxing concept, and has signed a lease for his first HitHouse studio at 2 Spring Street, also known as 180 Bowery, Commercial Observer has learned.

HitHouse has signed a lease for a 4,300-square-foot below-grade space, where it has its own retail entrance with frontage, and a small vestibule. The gym will offer group Muay Thai kickboxing classes for all ages, genders and skill levels, taught by amateur and professional fighters. The studio will feature HitHouse’s customized and patented striking bag, Bishop, which Scott designed to mitigate the swaying and momentum a traditional heavy bag creates when hanging from a chain.

Winick Realty Group’s Danielle Winick and Daniyel Cohen, who represented the tenant, said Scott was drawn to the rugged feel and unique features of the space, including exposed brick, wooden beams and raw cast iron columns, as well as co-tenants Nudie Jeans and Kings Avenue Tattoo.

The asking rent in the April deal was $24,367 per month, HitHouse is the first tenant to lease the space since the landlord, Two Spring Associates, repositioned the building. The Winick brokers declined to provide the length of the lease. House is expected to move in in the third quarter.

“This is a perfect marriage of space and use,” said Winick in prepared remarks. “HitHouse offers the high-end feel of a boutique studio but also stays true to the grittier roots of Thai boxing—a combination that is well represented in the building, the co-tenancy and the space itself.”

Lisamarie Dixon of Paley Dixon represented the landlord in the transaction. She declined to comment.

“We here at management are pleased to welcome HitHouse as an exciting addition to our building, and a perfect complement to Nudie Jeans,” said Chris C. Chin, who represents the building management. “We expect HitHouse to do for boxing what Soul Cycle did for cycling.”

For more, download the full article in PDF

NY Observer-050117-New Muay Thai Kickboxing Concept Coming to Nolita

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.