News: Shopping Centers

Mishaan of Winick Realty Group brokers $22.6m sale of two New York City buildings

As part of the company's expansion into the investment sales arena, Winick Realty Group has brokered a $22.6 million sale of two buildings in the city: one in Manhattan and one in Brooklyn. The company has completed a deal for a 7,000 s/f building that was sold for $15.5 million. The two-story building at 470 Broadway in SoHo was purchased by Thor Equities. Zach Mishaan of Winick represented the seller and the buyer. The second building brokered by Winick is located at 1818 86th St. in Brooklyn. The 30,000 s/f, three-story building sold for $7.1 million. The building will be occupied by the American Place, a ladies clothing department store. Both the seller, Raymon Srour, and the buyer, John Lazzara, were represented by Mishaan. According to Winick, Jimmy Haber of BLT has signed a long-term lease for 20,000 s/f of restaurant, F and B, and event space at the Trump SoHo Hotel at 246 Spring St. Lori Shabtai, director of luxury and brand retail, and Jeff Winick, CEO, represented both the tenant and the landlord, Sapir Org. The restaurant, called BLT SoHo, will be Laurent Tourondel's fifth in the city.
MORE FROM Shopping Centers

2024 Year in Review: William O’Brien, M.C. O’Brien, Inc.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.

READ ON THE GO
DIGITAL EDITIONS
Subscribe