Winick of Winick Realty acts for The Moinian Group in 11,260 s/f to Chase

The Moinian Group, one of New York's largest owners and developers of commercial real estate, has completed two new retail leases totaling over 16,000 s/f at 509 and 530 Fifth Ave. Chase has signed a new long-term lease for 11,260 s/f of space on the ground and lower levels at 530 Fifth Ave. The financial institution will use the space for a full service bank branch, office and vault space. Chase will occupy 6,700 s/f on the ground floor and 4,500 s/f on the lower level of 530 Fifth Ave. Jeff Winick of Winick Realty Group, LLC represented the owner, The Moinian Group, in the transaction. David Green of Cushman & Wakefield represented the tenant. Bakers Footwear, a leading specialty retailer of fashion-forward footwear for style-driven young women, has signed a long-term lease for nearly 6,000 s/f of prime retail space at 509 Fifth Ave. The tenant will occupy 3,500 s/f on the ground floor, 1,842 s/f on the lower level and 500 s/f on the mezzanine level of the property. Kimia Shadrokh of The Moinian Group represented the owner, while Peter Botsaris of Botsaris Morris Realty Group represented the tenant in the transaction. The Bakers Footwear lease brings 509 Fifth Ave. to 100% occupancy. The Moinian Group is widely regarded as one of the industry's most active development firms, boasting a portfolio totaling more than 20 million s/f of commercial, industrial, residential, retail and hotel properties throughout the U.S. and abroad, including 13 million square feet in Manhattan. The company has the most extensive private acquisitions in the country, including trophy buildings like the Downtown Club in Lower Manhattan, formerly known as the Downtown Athletic Club and home to the Heisman Trophy, the Willis Tower in Chicago and Continental Towers at 180 Maiden Lane in Downtown Manhattan. Its team of seasoned professionals, hands-on management style and a strategic approach to investment and growth has armed the firm with the tools necessary to take advantage of the unique opportunities available in the real estate marketplace.