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05/04/2012 - 09:32 AM
Winick Realty Group LLC Named Exclusive Brokers for Retail at 100 Broadway
New York, New York -
Winick Realty Group LLC has been tapped to market one of the most talked-about and sought-after retail spaces in the Financial District—the retail at 100 Broadway. The store has remained vacant since last year when Borders, who had opened at 100 Broadway following the destruction of its World Trade Center location on 9/11, declared bankruptcy.
Owners Madison Capital chose Winick Realty Group LLC to market the 13,400 square feet of corner retail that remains at the building after the company successfully negotiated a lease there for iconic New York drugstore brand Duane Reade. The vacant storefront includes 4,400 square feet of ground floor space with 18-foot ceilings and a 9,000-square-foot lower level that was never utilized for retail before. With Winick Realty Group LLC CEO Jeff Winick’s vision and proven track record of success, it was decided that a duplex store would be ideal for the needs of the perfect big-box tenant and make the most financial sense for both the tenant and ownership.
“100 Broadway is the ideal location for a national apparel tenant to be part of one of the busiest blocks of the Lower Broadway corridor of the Financial District,” said Darrell Rubens, executive vice president, who is working with Winick to market the retail space to tenants of all use groups. With more than 170 feet of wraparound frontage on the corner of Pine Street and Broadway, the site is ideally situated between two of the Financial District’s biggest retail draws, Century 21 and TJ Maxx, to whom Rubens leased their first Downtown store last year at 14 Wall Street.
With new high-profile retail tenants coming to the area, as well as new offices, residential buildings and tourist attractions, Rubens expects even further growth that will no doubt benefit the future tenant of 100 Broadway. “The area saw more activity this year than ever before, with a record 9.8 million tourists visiting Lower Manhattan in 2011,” said Rubens, “and it’s only about to get busier as the new Fulton Street Transit Hub and construction at the former World Trade Center Site near completion.”
About Winick Realty Group LLC
Established in 1982, Winick Realty Group LLC is one of New York’s prominent real estate firms specializing in retail leasing and advisory services. Over the years, Winick Realty Group LLC 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 LLC is highly recognized as a forerunner in the retail real estate market. For more information, please visit the company website www.winick.com.