Lease Beat

Women’s Apparel Retailer To Open First Brooklyn Store

Social Apparel

Dress and fashion retailer Social Apparel will open its first Brooklyn location next spring in the Fulton Mall area of Downtown Brooklyn, Winick Realty Group announced last week.

The company, which currently operates stores for teens and young adults in Herald Square, the Garment District and four malls in the tri-state area, signed a lease at Solil Management‘s 455 Fulton Street for 2,224 square feet on the ground floor and 800 square feet of second-level space. The space commanded an asking rent of $190 per square foot, based on the ground-floor rate, Winick representatives said. Read More

Power Broker

Winick Broker Lights up Signs, Neighborhoods

Darrell Rubens

One won’t find the name of Darrell Rubens of Winick Realty in the deed for NYC REIT’s recent $170.3 million purchase of 570 Seventh Avenue near Times Square. But the retail broker’s work on site certainly merits mention. Acting on behalf of the previous owners—Carlyle Investment Management and Capstone Equities—Mr. Rubens worked with lighting designers at Sensory Interactive to implement a roughly $10 million LED system with 3,800 square feet of digital signage and 3,600 square feet of static signage. And the building changed hands on Nov. 5 for $87.3 million more than the landlords purchased it for last year, property records show.

The only catch for Mr. Rubens is that the new ownership hired a different brokerage to market the retail space. Read More

Lease Beat

Learning Toy Store to Open First Manhattan Location on UES

1029 Third Avenue

The first Manhattan location of educational toy store franchise Learning Express Toys will open in time for the holidays in a 1,668-square-foot ground- and lower-floor space on the Upper East Side, Commercial Observer has learned.

An outpost of the toy, book and game store with 130 U.S. locations will open in December with 818 square feet of ground-floor space at the Savoy Shops at 1029 Third Avenue at East 61st Street, according to a spokeswoman with Winick Realty Group. Dylan’s Candy Bar anchors the building. Read More

Assignments

Clarke’s Standard FiDi Space Hits the Market

101 Maiden Lane.

Clarke’s Standard, a burger joint owned by P.J. Clarke’s, plans to vacate its 1,683-square-foot, Financial District location at 101 Maiden Lane, Commercial Observer has learned.

Winick Realty Group was tapped to exclusively market the ground-level retail space, which is located inside one of TF Cornerstone’s two luxury residential buildings which are collectively known as 2 Gold Street. Read More

Lease Beat

Winick Leases Three Spaces at 400 Broome Street

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Winick Realty Group has leased three spaces to fill the repositioned retail space at 400 Broome Street, Commercial Observer has learned.

Asking rent for all three spaces was $150 per square foot, and lease terms are 10 years, according to Aaron Fishbein of Winick, who, along with Executive Vice President Darrell Rubens, represented building owner Coral Broome Street LLC in the transactions. Read More

Lease Beat

Manhattan Athletic Club Will Open a Brooklyn Gym

388 Bridge Street.

The Manhattan Athletic Club signed a 15-year, 15,000-square-foot lease to take over the fifth and sixth floors of Stahl Organization’s 53-story luxury residential tower at 388 Bridge Street, the two companies announced yesterday.

Officials from Stahl and the health club negotiated directly without any brokers to bring in the gym that will offer laundered workout clothes and 50 group fitness classes at the Downtown Brooklyn structure that’s currently the tallest building in the borough. Read More

Lease up

Winick Leases Up LIC’s EastCoast Development

EastCoast development.

Winick Realty Group has finished leasing the eight retail spaces in TF Cornerstone’s massive EastCoast development on the banks of the East River in Long Island City, Queens, Winick announced today. The most recent lease in the 30,000-square-foot retail space was for European Wax Center, whose 1,252-square-foot space is under construction.

Other tenants that have or will fill the spaces along the seven-tower luxury development’s main drag, Center Boulevard, include fitness studio I Love Kickboxing, which took 2,967 square feet, and Mimi & Mo, a children’s salon and clothing store, which signed a lease for 1,239 square feet. An Italian restaurant from TD Restaurant Group, whose name has not yet been released, will fill a 7,733-square-foot waterfront space with an outdoor terrace. Read More

Lease Beat

Private Learning Center Signs Lease at Affordable Housing Complex [Updated]

444 2nd Avenue

A private early learning center signed a 15-year lease in a renovated 6,416-square-foot retail space on the ground floor of an affordable housing complex at 444 Second Avenue in Kips Bay, Winick Realty Group announced today.

Explore & Discover will open an eight-classroom, 80-student school for children aged 3 months to 2 years this September following a $20 million renovation last year by Henry Phipps Plaza, an owner, developer and manager of affordable housing that owns the 33-story, 247-unit building. Read More

Lease Beat

Dear…Great Jones?

37 Great Jones Street. (StreetEasy)

The designer fashion boutique Dear Rivington has signed a 10-year lease at 37 Great Jones Street, Commercial Observer has learned.

The new location will feature 2,000 square feet of retail space on the ground floor and 1,300 square feet on a lower level. The space also has a private entrance—an attractive feature for the store’s high-end clientele, according to Aaron Fishbein, who represented the fashion brand for Winick Realty Group along with colleague Darrell Rubens. Read More

Real Estate Tech

Winick Establishes Location Analytics Department [Updated]

Kenneth Hochhauser.

Winick Realty Group has started a location analytics department, meeting customer demand for empirical evidence in decision making, Commercial Observer has learned.

In addition to standard demographics from the U.S. Census Bureau, Winick is using other public databases such as Metropolitan Transportation Authority ridership data and PLUTO data on ownership as well as private sources like Facebook, Twitter and Foursquare, said Kenneth Hochhauser, who is heading up the two-person department. Read More

On the Market

Winick Realty Markets Fort Greene Retail Opportunity

180 Myrtle Avenue Rendering.

Winick Realty Group is marketing more than 43,000 square feet of retail space in the Fort Greene section of Brooklyn, Commercial Observer has learned. The units are located within luxury mixed-use buildings being developed by John CatsimatidisRed Apple Group.

“Together with Winick Realty Group, Red Apple embraces the opportunity to create a synergy of development in the neighborhood and bring this groundbreaking retail opportunity to market, further complementing the new residential and office uses in the immediate vicinity,” Diana Boutross of Winick said in a prepared statement. Read More

On the Market

Retail Space Up for Grabs at Century-Old Emmet Building

95 Madison Avenue.

Winick Realty Group is marketing a 20,555-square-foot multi-level retail opportunity at 95 Madison Avenue.

In a statement announcing the offering, the firm stated that part of the Emmet Building’s appeal lies in its proximity to notable hotels, retail outposts and residential developments sprouting in the heart of Madison Square’s furniture district. Read More

Lease Beat

Gagosian Gallery Takes UES Space [Updated]

821 Park Avenue. (Credit: PropertyShark)

Gagosian Gallery, the collection of art galleries owned by Larry Gagosian, will open a new location in a 1,000-square-foot retail space at 821 Park Avenue next week. Commercial Observer has learned the gallery signed a two-and-a-half-year lease with asking rent of $25,000 per month.

The tenant, headquartered at nearby 980 Madison Avenue, will open the new gallery on April 3 with an exhibition of work by Swiss artist Urs Fischer. Read More