News: Shopping Centers

Winick Realty and Cassidy Turley secure 20,712 s/f

Bright Horizons has leased its first area location at 175 Kent Ave., between N 3rd and N 4th Streets in the Williamsburg neighborhood. Bright Horizons will occupy 2,484 s/f on the ground floor, as well as 18,228 s/f in the lower level, when it opens in 2013. Diana Boutross, senior managing director at Winick Realty Group LLC represented landlord The Chetrit Group in this 15-year lease transaction along with Winick Realty executive vice president Lori Shabtai. Bright Horizons was represented by Peter Occhi and Michael Hofmann of Cassidy Turley. "We had a lot of interest in the space, but the landlord wanted to wait for the right tenant and the right use. With so many young families moving into the area in recent years, an amenity of this kind will be an amazing addition to Kent Ave. and to Williamsburg," said Boutross. The Watertown, Mass.-based company serves as the corporate daycare of Chase Bank and has consistently been the only child care organization named to the "100 Best Companies to Work for in America" list by FORTUNE magazine. Winick Realty Group LLC has proved to be a leader in the Williamsburg retail market, representing top landlords in the area and revitalizing the neighborhood with such varied tenants as popular Asian fusion restaurant Fushimi, nail salon Nail It, organic markets and more. Boutross is currently working with tenants from the Lower East Side and SoHo to bring them to one of New York's most dynamic areas. 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.
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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.

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