Winick to market Rudin-owned UES retail space

Another major NYC landlord outsources leasing to the firm

New York /
Dec.December 03, 2012 03:30 PM

Rudin Management has retained Winick Realty to market an Upper East Side corner storefront space that is coming on the market for the first time in more than a decade, The Real Deal has learned.

Rudin has rarely granted leasing exclusives, preferring instead to keep business in-house. The deal to market 1299 Second Avenue represents the second time in two weeks that a New York City landlord not generally in the business of engaging third parties to lease its properties has retained Winick. The 13,000-square-foot property includes first and second floor space available in April, a representative for Winick said. The space is below Rudin’s 215 East 68th Street, a 608-unit rental building.

Michael Gleicher, a director with Winick and the exclusive broker for the space, said the most important factor in choosing a tenant would be that the retailer fits well with the residential development above. The space has not been on the market in more than a decade, he added.

“There are a multitude of tenants that will work in there, but ultimately something that will add value,” to the apartments above, he said. With Hunter College nearby, he said the corner was one of the most-trafficked on the Upper East Side. Increased residential development of Late And The Second Avenue subway will only add to the area’s growth, he said.

Gleicher could not comment on rents or lease terms.

Last week, the Durst Organization made Winick the leasing agent for retail spaces in two Midtown East office towers: 202 East 42nd Street and 655 Third Avenue, where Winick has its headquarters.


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