REAL ESTATE

European Wax Center inks two Manhattan leases

BY Michael Fickes

New York — European Wax Center has signed leases for two new Manhattan locations, according to Winick Realty Group, the broker that represented the retailer in the transaction.

The new locations at 95 Chambers Street and 295 Park Avenue South will bring the Wax Center’s total Manhattan store count to four. Both new locations are expected to open in the spring of 2014.

A former Straight from the Crate location, the 295 Park Avenue South location consists of 3,300 sq. ft. on the ground floor and 1,800 sq. ft. of selling space on the lower level. Winick represented the landlord Abington Holding in the transaction.

Located between Broadway and Church Street, 95 Chambers Street is the brand’s first Tribeca store. The 1,650-sq.-ft. store sits at the base of a newly constructed luxury condominium. Winick also represented the landlord, Ascend Group. Winick is continuing to market the building’s remaining retail space — a 1,300-sq.-ft. store and a second store that includes 2,000 sq. ft. on the ground floor and 1,500 sq. ft. on the lower level.

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REAL ESTATE

Michael’s signs into Torrington, Conn., center

BY Michael Fickes

New York — Michael’s has leased a 21,400-sq.-ft. former Circuit City store at the Torrington Fair shopping center in Torrington, Conn.

Wal-Mart, Price Chopper and Petco anchor the center, which is now 100% leased, although there is an outparcel that may be developed in the future. Charter Realty & Development and Lornell Realty made the deal.

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News

Visa weighs in on record e-commerce activity

BY CSA STAFF

Visa shared select details about spending activity from its credit card holders which confirmed findings from other organizations showing that e-commerce sales set new records during the five-day period from Thanksgiving to Cyber Monday.

The credit card issuers said e-commerce sales across smart phones, tablets and PCs conducted by U.S. Visa accountholders increased 30% to $7.8 billion. Visa also noted that Cyber Monday ruled the five-day period with spending on Visa cards up 28% to $2.6 billion while Thanksgiving Day saw a 30% jump to nearly $1 billion.

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