The Real Deal New York

Winick loses Duane Reade account to SRS Real Estate

Walgreens subsidiary was looking to benefit from brokerage's global reach, sources say

November 18, 2014 06:00PM

duane

From left: Duane Reade, Jeff Winick (credit: STUDIO SCRIVO) and Patrick Smith

Jeff Winick’s Winick Realty Group lost Duane Reade — one of its biggest accounts – to fellow retail brokerage SRS Real Estate Partners.

Patrick Smith and Matthew Alexander of SRS Real Estate Partners were hired to handle retail leasing for the Midtown Manhattan-based subsidiary of the Illinois-based Walgreen Company, the New York Observer reported. Duane Reade was looking to benefit from the global reach of SRS, sources told the newspaper.

SRS already represents Walgreens in leasing deals.  Walgreens acquired Duane Reade in 2010 for $1.1 billion.

Another source told the newspaper that Jeff Winick “built his company on [Duane Reade].” [NYO]Mark Maurer

  • alex jeff

    end of an era….duane reade without jeff winick is like french fries with no ketshup!!
    THATS HORRIBLE!

  • stan lloyd

    THE KING IS DEAD….LONG LIVE THE KING!!!!!!!!!!!!!

  • coco fanel

    This is why I love this site, because of news like this.

  • Rajan Verma

    Hi Admin,

    Nice Post. Thanks for sharing information. We are the experts! Downsizing or searching for a Commercial condo Call Peter Sagos at 613.276.0059 for more
    information about all condo listings in Ottawa.

    Commercial Condo in Ottawa

    • cold hard truth

      nice bit of comment linking for seo. but this doesnt work that well anymore…

  • reinvestor

    I am shorting WAG stock if Winick doesn’t rep them in NYC. STUPID!

  • Brian Hughes

    That has to effing sting. Winick has been making some big moves though. Curious why Walgreens gives two shits about the SRS global presence for a locally based store?

MENU