REAL ESTATE

Oro Gold Cosmetics to open at East 57th Street and Park Avenue

BY Katherine Boccaccio

New York — Douglas Elliman’s Retail Group said Tuesday it has arranged the lease for Oro Gold Cosmetics’ first New York flagship at 118 East 57th Street, between Park and Lexington Avenues.

The retailer currently operates 50 dedicated boutiques and spas in affluent markets worldwide, including London, Barcelona, Moscow, Dubai and Singapore, as well as in such U.S. cities as Chicago, Dallas, Las Vegas, Boston, Miami and throughout California, from San Diego to Sacramento.

Douglas Elliman’s Retail Group is representing Oro Gold for its expansion.

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REAL ESTATE

NRDC announces new tenant at Shrewsbury Plaza

BY Katherine Boccaccio

Shrewsbury, N.J. — National Realty & Development Corp. said Tuesday that Colonial American Bank has joined the line-up of tenants at Shrewsbury Plaza, located in Shrewsbury, N.J.

Colonial American Bank’s location in the 225,000-sq.-ft. shopping center is the bank’s second location in New Jersey and is slated to open spring 2013.

Anchor tenants at the center include Marshalls, Acme and AC Moore.

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Winick Realty to roll out South Asian restaurant concept in Manhattan

BY Katherine Boccaccio

New York — Winick Realty Group said Tuesday it has been appointed the exclusive broker for Desi Shack, a fast-casual South Asian restaurant concept with one current location in Midtown East.

Desi Shack plans to open two more locations within the next 12 months, seeking sites measuring 600 sq. ft. to 1,500 sq. ft. in the Financial District, Midtown East, Midtown West, Flatiron, Union Square, the Upper East Side and the Upper West Side of Manhattan.

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