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The 10 biggest retail leases of September

The retail leasing summer slowdown in New York City has continued into the fall.

The 10 biggest retail lease deals made public last month totaled 157,392 square feet, down 27,761 square feet from last month’s total of 185,153 square feet. The largest retail lease in September was for an entertainment space in Times Square.

9) Muses 35 Bar, 248 West 35th Street, Midtown South – 8,000 square feet

The karaoke bar signed a lease for 8,000 square feet of retail space at 248 West 35th Street. Richard Smith of Winick Realty Group represented the tenant. Albert Manopla of Kassin Sabbagh Realty represented the landlord, 248 West 35th Street LLC.

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THE REAL DEAL_100517_The 10 biggest retail leases of September

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

Artists & Fleas Retail Bringing Pop-Up Marketplace to Soho

568-broadway-photo-costar-groupArtists & Fleas, which creates curated retail marketplaces with products made by local designers, artists and independent brands, has found another location to set up shop, Commercial Observer has learned. This one is at 568 Broadway in Soho, in space formerly occupied by Armani Exchange at the corner of Prince Street.

The 13-year-old Artists & Fleas, which launched in an empty warehouse in Williamsburg, Brooklyn as a weekly marketplace, has signed a one-year deal for 10,250 square feet of ground-floor retail space at 568 Broadway, according to Bonnie Shapiro, the director of leasing for Allied Partners and who worked on the license agreement. The asking rent was $250,000 per month, a source with knowledge of the deal said, adding, “Artists & Fleas is paying a rent that is substantially lower than the market rent.”

The marketplace will open May 12, according to a spokeswoman for Artists & Fleas.

While the merchant mix will be “culled from” brands at the other Artists & Fleas locations, the Soho market “is being curated with an eye towards merchants, products and styles that have unique appeal to the Soho demographic and the Artists & Fleas psychographic that shop downtown,” Ronen Glimer, co-founder of Artists & Fleas, said in prepared remarks. “The vibe and fit-out will be consistent with the Artists & Fleas brand experience. …Additionally, we plan to open a partner innovation and activation space later this summer.”

The 12-story office building at 568 Broadway, which is owned by Aurora Capital Associates, the Adjmi family and Allied Partners, amasses 350,000 square feet, and is home to retail tenants Forever 21 and Equinox Fitness as well as office tenants Foursquare and Thrillist Media Group and Scholastic.

Winick Realty Group’s Aaron S. Fishbein and Daniyel Cohen represented the tenant in the deal. Fishbein would only confirm the duo represents Artists & Fleas and is looking for “a flagship long-term opportunity” for the marketplace.

Aurora’s Jared Epstein negotiated the deal on behalf of the owners with assistance provided by Winick’s Richard Smith and Alec Stone. While Epstein declined to provide any deal information, he emailed: “I strongly believe that Artists & Fleas will add a unique element of excitement and vibrancy to the shopping experience on Broadway in Soho.”

Shapiro had a similar sentiment: “I think it’s a very exciting tenant with a lot of cachet for our property.”

Artists & Fleas has a daily market inside Chelsea Market at 88 10th Avenue at West 15th Street, a weekend location at 70 North 7th Street in Williamsburg, Brooklyn, plus two spots in Los Angeles.

For more, download the full article in PDF

NY Observer-041417-Artists & Fleas Retail Bringing Pop-Up Marketplace to Soho

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

Smith of Winick leases 2,200 s/f retail to Expose

richard-smithExpose, Inc., a souvenir and gift shop that has operated for decades in the Times Sq. area, has signed a lease to move the business to the Financial District.

Winick Realty Group’s Richard Smith represented the retailer, who leased a corner location at 30 Vesey St., steps from the World Trade Center and 9/11 Memorial and Museum.

“Even though the hours are a little different than he is used to in Times Sq., the retailer feels that this is an amazing area for tourists,” said Smith. “The souvenir shops downtown are primarily on Broadway, not on Vesey, so he is in a great location to capture the tourists who have not already made their purchases.”

The store features 2,200 s/f of ground floor retail where Expose sells t-shirts, glasses, books and other merchandise, including more 9/11-related pieces to appeal to the downtown tourist population. In addition, the store sells suitcases in a 1,500 s/f selling basement. The storefront offers great signage and more than 50 ft. of wraparound corner frontage for catching tourists’ eyes.

“In New York City, gift stores like this are thriving right now because there are so many tourists coming to the city and spending money,” said Smith. “These types of businesses are good for landlords because they are able to pay the rents and do the daily business necessary to be successful.”

Landlord Greystone Management was represented in-house.

For more, download the full article in PDF

NYRE Journal_062315_Smith of Winick leases 2,200 sf retail to Expose

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 Estate Weekly

Souvenir Shop Joins Downtown Ranks

richard-smithExpose, Inc., a souvenir and gift shop that has operated for decades in the Times Square Area, has signed a lease to move the business to the Financial District.

Winick Realty Group’s Richard Smith represented the retailer, who leased a corner location at 30 Vesey Street, steps from the World Trade Center and 9/11 Memorial and Museum.

“Even though the hours are a little different than he is used to in Times Square, the retailer feels that this is an amazing area for tourists,” said Smith.

“The souvenir shops downtown are primarily on Broadway, not on Vesey, so he is in a great location to capture the tourists who have not already made their purchases.”

The store features 2,200 s/f of ground floor retail where Expose sells t-shirts, glasses, books and other merchandise, including more 9/11-related pieces to appeal to the downtown tourist population.

In addition, the store sells suitcases in a 1,500 s/f selling basement. “In New York City, gift stores like this are thriving right now because there are so many tourists coming to the city and spending money,” said Smith.

“These types of businesses are good for landlords because they are able to pay the rents and do the daily business necessary to be successful.”

Landlord Greystone Management was represented in-house.

For more, download the full article in PDF

rew_051315_souvenir shop joins downtown ranks

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. 

Citybizlist

Winick Realty Group Brings Popular Times Square Souvenir Shop to FiDi

richard-smithExpose, Inc., a souvenir and gift shop that has operated for decades in the Times Square area, has signed a lease to move the business to the Financial District.

Winick Realty Group’s Richard Smith represented the retailer, who leased a prime corner location at 30 Vesey Street, steps from the World Trade Center and 9/11 Memorial and Museum.

“Even though the hours are a little different than he is used to in Times Square, the retailer feels that this is an amazing area for tourists,” said Smith. “The souvenir shops downtown are primarily on Broadway, not on Vesey, so he is in a great location to capture the tourists who have not already made their purchases.”

The store features 2,200 square feet of ground floor retail where Expose sells t-shirts, glasses, books and other merchandise, including more 9/11-related pieces to appeal to the downtown tourist population. In addition, the store sells suitcases in a 1,500-square-foot selling basement. The storefront offers great signage and more than 50 feet of wraparound corner frontage for catching tourists’ eyes.

“In New York City, gift stores like this are thriving right now because there are so many tourists coming to the city and spending money,” said Smith. “These types of businesses are good for landlords because they are able to pay the rents and do the daily business necessary to be successful.”

Landlord Greystone Management was represented in-house.

For more, download the full article in PDF

citybiz-050615-Winick Realty Group Brings Popular Times Square Souvenir Shop to FiDi

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

The Madison Square Garden Area Is Starved for Upscale Dining Options

msg area 1As hotels and office and residential buildings continue to rise, get converted or see an overhaul in the Garment District area, there will no doubt be an increased demand for more diverse food offerings.

“There’s no place for these people to go,” said broker Richard Smith of Winick Realty Group, referring to tourists at the new and upcoming hotels. “If they want to stay in the area [for food], their choice is very limited.”

Last month, Mr. Smith represented District Tap House, an American bar and bistro that features 50 beers on tap, in a second Penn Plaza District lease, as Commercial Observer first reported. The new space is at 252 West 37th Street, only a block away from its other location at 242 West 38th Street. The West 37th Street location will open in the fall, Mr. Smith said.

For more, download the full article in PDF

NY Observer-041515-The Madison Square Garden Area Is Starved for Upscale Dining Options

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.