In 2009 and 2010 “you could have rolled a bowling ball down the aisle” at the International Council of Shopping Centers’ RECon conference “and it wouldn’t have hit anybody,” Massey Knakal executive vice president of retail leasing Benjamin Fox told The Commercial Observer.
But when an estimated 33,000 real estate professionals converged upon one million Read More
Pharmacy CVS Caremark has signed a 15-year lease for 21,158 square feet at 3 Columbus Circle, it was announced this morning. Asking rents were not disclosed.
The lease is for the vacant part of the 768,565-square-foot building’s ground floor and a portion of the second floor, according to a statement from SL Green Realty, the landlord in partnership with The Moinian Group. The pharmacy is expected to occupy the space beginning June 1. Read More
A team from Winick Realty Group is exclusively marketing two retail properties totaling 6,400 square feet on behalf of Abington Holding, The Commercial Observer has learned.
Winick President Steven E. Baker, Director Michael Gleicher and David Lawford will market a built-out lounge at 125 East 54th Street with 400 square feet of ground floor space and a 3,600-square-foot subterranean floor with 14-foot ceilings. The spot currently houses The Volstead, a nightspot named after late congressman Andrew Volstead, the father of prohibition. Read More
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Central Medical Services of Westrock, a medical practice specializing in workers’ compensation cases, has signed a 10-year, 4,150-square-foot lease on the ninth floor of Forest Hills Tower in Forest Hills, Queens, The Commercial Observer has learned. Asking rent for the building is in the mid-$30s per square foot.
CMSW will occupy the space in the Muss Development property at 118-35 Queens Boulevard beginning in May. The practice is headquartered in Brooklyn with satellite offices in Jamaica, the Bronx, Syosset and White Plains. Read More
Schnipper’s Quality Kitchen has signed a lease to occupy 3,021 square feet of ground level retail and storage space at 570 Lexington Avenue, The Feil Organization announced today, confirming previous published reports that the fast-casual restaurant was eyeing the space.
Known for its burgers, fries, shakes and other old-fashioned American-style offerings, the restaurant will open in the fourth quarter of 2013, joining upscale restaurant Mr. K’s at the property.
“We wanted a tenant that would be an amenity for the building and the area,” said Brian Feil, VP of Leasing at the firm, in a statement. “There are not a lot of fast-casual restaurants in the area and Schnipper’s will be perfectly situated to serve this prestigious Lexington Avenue corporate corridor.” Read More
Mark Burnett, the television producer responsible for Survivor, Celebrity Apprentice and much of today’s reality TV landscape, is enjoying a scripted rebirth with his History Channel hit The Bible. Now, the five-part, 10-hour miniseries is tied to an exhibition of biblical artifacts at 450 West 14th Street in the Meatpacking District, a neighborhood whose many reincarnations have never tilted toward the spiritual.
Kelly Gedinsky of Winick Realty Group helped arrange a license agreement with WCMG Events, the marketers of The Bible Experience, for a pop-up show that opened on Tuesday night and runs through March 28th. The installation takes up 7,500 square feet in a building that formerly housed Cudahy Cold Storage and now counts Uniqlo and Alice + Olivia as tenants. Read More
Columbia University has hired a team from Winick Realty Group to market 1,690 square feet of retail space at 2884 Broadway, The Commercial Observer has learned.
Winick Executive Vice President Kenneth Hochhauser, Director Michael Gleicher and associate David Lawford will represent the Ivy League University as it seeks a retail tenant to replace Card-O-Matic, a stationery and novelty shop. The lot, with 1,240 square feet of ground floor and 450 square feet of basement space, is on Broadway between 112th and 113th Streets, near the campus’s main entrance gate.
It’s also two doors down from Tom’s Restaurant, the greasy spoon made famous when Seinfeld used its wraparound neon sign in exterior shots. Read More
What a difference five years makes. When Winick Realty Group Executive Vice President Lori Shabtai marketed a 13,000-square-foot retail space at 459 Broadway in 2008, she hinged part of the sell on the cachet of the intersection of Broadway and Grand Street.
“I called it the heart of Soho,” Ms. Shabtai, 52, said during an interview in her well-appointed (and well-heated) office. “I remember a broker calling me and saying, ‘That’s more like the colon of Soho.’”
That any doubts persisted so recently about the viability of that block attests to the dizzyingly fast rate of change in New York real estate. The interaction also attests to Ms. Shabtai’s prescience and her quick mastery of the steep learning curve in commercial real estate, a field she entered just eight years ago. Read More
Winick Realty Group is exclusively marketing 4,000 square feet of retail space at 1636-1642 Lexington Avenue in East Harlem on behalf of United Management and Certes Partners, The Commercial Observer has learned.
Winick’s Monica Kass and Jeremy Schwartz, along with Executive Vice President Lori Shabtai, will lead the effort on five storefronts that range from 306 square feet to 2,226 square feet. The freshly renovated stores will offer 100 feet of frontage on Lexington Avenue and 85 feet on East 104th Street. Read More
Winick Realty Group Executive Vice President Kenneth Hochhauser, Senior Vice President Daniel Spector and Senior Managing Director Diana D. Boutross have been tapped as the exclusive leasing agents for Chipotle Mexican Grill, The Commercial Observer has learned.
The Winick team will aid Chipotle as it continues to expand throughout the five boroughs, Long Island and northern New Jersey. The “fast-casual” chain opened in Colorado in 1993 and now counts over 1,400 locations in the United States, Canada, England and France. There are nearly 50 New York City stores today, 10 years after the company began its local efforts. Read More
The Sixteenth Street Synagogue has enlisted Winick Realty Group to help it find a new home one month after the Appellate Court denied the 67-year-old congregation a stay of eviction, The Commercial Observer has learned.
Winick Associate Director Joshua Siegelman and his colleague Jonathan Banayan are taking the assignment to heart as they seek landlords in the Chelsea and Flatiron neighborhoods to provide a new home for the Orthodox synagogue, which has been offering Shabbat, morning and afternoon prayer services in a revolving roster of temporary spaces since it was ordered to clear out of its former–and only–home at 3 West 16th Street. Read More
A 105,000-square-foot development site surrounding the Weirfield Coal Company site at 386 Weirfield Street in East Bushwick is on the market for $8.5 million, creating an opportunity for a huge residential development in a neighborhood that is evidently next in line for the gentrification pushing south through northern Brooklyn along the L subway line.
It started with the Bedford stop in Williamsburg. More recently it took hold along the Jefferson and Morgan Avenue stops in northern Bushwick. Now “it’s just a matter of time” before changes grip the area surrounding the Halsey Street subway stop, said Massey Knakal Director of Sales Michael Amirkhanian, who is exclusively marketing the site.
“It doesn’t take a rocket scientist to see that this is moving further south,” he said. Read More
Garis & Hahn have inked its first art gallery location on the Lower East Side.
The gallery that “mounts exhibitions focused on conceptual narratives and relevant conversations in contemporary art” will take a 2,422-square-foot space at 263 Bowery, between Stanton Street and East Houston Street. The gallery will consist of approximately 1,800 square feet on the ground floor and a 600 square foot lower level. Read More
The personal grooming chain European Wax Center inked a 10-year lease on a 1,900-square-foot-store at 222 East 34th Street in the newly developed residential building The Anthem, The Commercial Observer has learned.
Other tenants to recently sign at the Murray Hill building include the local gym empire Crunch and Drybar, a salon capitalizing on the current craze for blowouts, making the 25-story, 480-unit The Anthem a one-stop shopping destination for personal improvement.
Winick Realty Group Managing Director Hal Shapiro and Associate Director Josh Siegelman represented the tenant and landlord, Rosebud Associates. Read More
Vanguard Wine Bar has signed a 12-year lease for an 850-square-foot space at 530 Second Avenue in Kips Bay, between East 29th and East 30th Streets, The Commercial Observer has learned.
The bar and restaurant, which features a full liquor license and menu, quietly opened its doors late last week to friends and family. Read More
