News: Brokerage

Baker and Galo of Winick Realty Group complete 4,943 s/f retail leasing at GALERIE

Queens, NY According to Winick Realty Group, two retail tenants have signed leases for their first Long Island City locations at GALERIE, a 182-unit condominium located at 22-18 Jackson Ave. in Court Sq., completing leasing efforts for 4,943 s/f of retail at the base of the building.

F45 Training, a circuit- and hiit-style workout facility with locations in 40 states and Washington D.C., signed a lease for 2,300 s/f of ground-floor space, joining major fitness players such as Planet Fitness, Orange Theory, Club Pilates and Row House that have recently brought their brands to the Long Island City market. Pediatric Associates of NYC, which has been operating since 1948 and currently has two locations in Manhattan and Brooklyn, signed a lease for the remaining 2,643 s/f on the ground floor.

“Long Island City is attracting tenants of this caliber as young professionals and families continue to move into new and existing residences in the neighborhood,” said Winick director Thomas Galo. “There is so much development in this area, between the 1,115-unit 5Pointz Residence and the 1 Court Square office building nearby, that the need for amenities such as these will only grow stronger in the coming years.”

Winick president Steven Baker and Galo have been working with developers Adam America Real Estate and Vanke US to market the project since construction began in 2017. Its location includes multiple transportation arteries and the MoMA PS1, with Trader Joe’s coming soon to further build the Court Sq. market.

 “We are pleased to bring these tenants to Long Island City, and specifically this bustling area of Court Square, as new traffic continues to be generated, making these types of tenants all the more important for area residents, office workers and visitors,” said Baker. 

F45 Training was represented by Michael Azarian of Cushman & Wakefield, while Pediatric Associates of NYC was represented by Elliot Zelinger of Savitt Partners. Baker and Galo represented ownership in both lease transactions.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.