REAL ESTATE

Chelsea Bagel leases second Manhattan location

BY Katherine Boccaccio

New York CityChelsea Bagel, operating on West 14th Street for the past five years, has leased its second Manhattan location.

The kosher-style bakery, which does all of its baking on site, signed a lease for 1,150 sq. ft. at 800 Second Avenue, on the Southeast corner of East 43rd Street in Midtown East. Winick Realty Group’s Matthew Schuss represented the tenant, who will operate as Chelsea Bagel of Tudor City when their doors open on Jan. 1, 2015.

“After a long search for the perfect second location, Chelsea Bagel is very excited to come to 800 Second Avenue,” said Schuss. “This neighborhood has been lacking a high-quality bagel café and with the Pfizer building across the street and the Israeli consulate in their building, Chelsea Bagel will be well-positioned to serve the heavy concentration of office workers and residents in the neighborhood.”

Hal Shapiro, also of Winick Realty Group, represented landlord Philips International in the long-term lease transaction.

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REAL ESTATE

Global Franchise Group names Andrew Kmiec as VP of Real Estate

BY Katherine Boccaccio

Atlanta— Global Franchise Group, the brand management company and franchisor behind Great American Cookies, Pretzelmaker, Marble Slab Creamery, MaggieMoo’s Ice Cream & Treatery and Hot Dog on a Stick, has hired Andrew Kmiec as VP of Real Estate. Kmiec will be responsible for directing GFG’s real estate team in the areas of strategic site selection, lease negotiation and store design for franchisees and corporate owned locations.

Before coming to GFG, Kmiec was Associate VP, Real Estate at Focus Brands, the company that owns and operates Auntie Anne’s, Cinnabon and Moe’s Southwest Grill. In the position, Kmiec led a real estate committee that reviewed opportunities for property leases and franchise development expansion. He has 15 years of experience in real estate and operations.

“Andrew has immense knowledge and experience in identifying new business markets, site-driven franchise sales and leasing negotiations, which made him an ideal candidate for GFG’s VP of Real Estate position,” said Chris Dull, CEO and president of Global Franchise Group. “As our portfolio continues to diversify and increase in size, Andy’s expertise in the Quick Service Restaurant real estate space will be an asset to GFG.”

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REAL ESTATE

Stirling Properties’ Beezie Landry closes
 on sale of three investment properties

BY Katherine Boccaccio

Covington, La.Stirling Properties’ Beezie Landry, senior sales and leasing executive, closed on the sale of three investment properties, totaling over $15 million. In each of these transactions, Landry represented the Seller.

The CVS property on Greenwell Springs Road in Baton Rouge, Louisiana is a 13,824-sq.-ft. building purchased by a private New York- based investor for $4.75 million.


Park Plaza
3005 on Gerstner Memorial Drive in Lake Charles, Louisiana was purchased from Weingarten Realty by a private Houston-based investor for $6 million.

And Woodmere Crossing
in Montgomery, Alabama, is tenanted by Petco, Books-A-Million, Jason’s Deli, and Sally Beauty Supply. It was purchased by BV Belk Properties for $4.4 million.

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