184 Fifth Avenue Press Release

January 18, 2006

PRESS RELEASE
FOR IMMEDIATE RELEASE

ABS Partners Real Estate, LLC AND Winick Realty Group Partner AT 184 FIFTH AVENUE

Named Co-Exclusive Retail Leasing Agents For World Renowned Retail Location

New York, December 11, 2005-ABS Partners Real Estate, LLC and Winick Realty Group announce they have teamed up again to co-exclusively market and lease the prime Retail space located at 184 Fifth Avenue. This project marks their fifth joint venture this year.

Darrell Rubens, Director, Angellina DeRichie, and Jeff Winick, CEO of Winick Realty Group along with Earle Altman, Gregg Schenker, John Gols and Benjamin Waller of ABS Partners Real Estate, LLC will manage this prestigious assignment.

The space encompasses 3,500 square feet on the ground floor and 3,000 square feet on the lower level creating a duplex retail unit at the base of the eight-story Boutique Office Building.  For the first time in a decade, the ground floor at 184 Fifth Avenue, facing the Flatiron Building between 22nd and 23rd Street, will be available for lease.  The third floor 3,700 square feet at 184 Fifth Avenue can be leased separately or along with the store and lower level.

Located in one of New York's most desirable shopping districts, 184 Fifth Avenue is ideal for a variety of retail stores that desire a location in the heart of one of the world's premier shopping destinations. The Flatiron District is one of the most desirable retail opportunities in the city located between 14th and 23rd streets. Neighboring retailers in the area include Jo Malone, Origins, MAC, Ann Taylor, Club Monaco, Gap, Banana Republic, Esprit, Guess, BCBG and H&M.

ABS Partners and the Winick Realty Group have successfully collaborated previously in leasing 200 Park Avenue South to Sephora; 136 Fifth Avenue to Apple Computer; 400 Lafayette to Gables Real Estate; 333 Park Avenue South to Citi Bank and the soon to be announced 9 East 4th Street as leases are currently out for signature.  According to Gregg Schenker, co-managing director of ABS Partners Real Estate, LLC, “We could not have been more satisfied with the cooperative effort and expertise of the Winick team who did an extraordinary job getting these deals done.”  

For more information, please contact Darrell J. Rubens, Director at 212-792-2616 or rubens@winick.com and visit the company’s Web site at www.winick.com, or Ben Waller of ABS Partners Real Estate, LLC at www.absre.com.

About Winick Realty Group
Winick Realty Group is a leading retail-focused real estate brokerage firm based in New York City. Winick provides a full range of retail services that include development, investments and acquisitions, leasing, management, marketing, retail brokerage and tenant representation and retail consulting.

About ABS Partners Real Estate, LLC
ABS Partners is a New York-based real estate investment, leasing and management firm with a portfolio consisting of more than three million square feet of managed, owned or net leased property in first-rate city-based commercial buildings.

                                                                                                John Gols
                                                                                                Senior Managing  Director
                                                                                                ABS Partners Real Estate, LLC
                                                                                                200 Park Avenue South
                                                                                                NYC, NY  10003
                                                                                                jgols@absre.com
                                                                                                212-398-8018

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