The Retail Sales Group at Eastern Consolidated celebrated its one-year anniversary with a double helping of restaurant deals.
Adelaide Polsinelli, the senior director who leads the group, sold two highly-visible retail condos that house Tribeca restaurant favorite The Harrison at 355 Greenwich Street and the adjacent Tablao at 361 Greenwich Street for $8.35 million.
“The Greenwich Street corridor — linking the Financial District, Battery Park City and Tribeca – is one of the most significant emerging retail thoroughfares in Manhattan today,” said Polsinelli. “The new ownership is bound to benefit from the incredible growth of new residents and visitors in Lower Manhattan.”
Polsinelli represented the seller, LaGuardia Tribeca Associates, LLC, and procured the buyer, a local investor.
The ground floor and basement at 355 Greenwich Street is occupied by The Harrison, a Mediterranean-inspired modern-American bistro with a wine bar and outdoor table space along Greenwich Street, until 2016.
The adjacent 361 Greenwich Street is now home to Tablao, a new tapas bar. Both retail condominiums are located in the heart of Tribeca, two blocks from the No.1 subway and steps away from several notable retailers in the area, including Whole Foods Market, Barnes & Noble, Equinox and Starbucks, as well as a host of trendy restaurants like Nobu, Tribeca Grill, Boule, Landmarc and Megu.
The Tribeca deals come on the heels of several retail sales completed by the Eastern team, including the $17 million sale of a 72-year leasehold interest in the retail and medical suites at 2012-2018 Broadway to long-time investor Isaac Shalom of Madison Realty.
Right now, Polsinelli is listing a 12,327 s/f retail condo at 421 West 54th Street, the Manhattan recording studio known as The Hit Factory where superstars like Michael Jackson and the Rolling Stones produced music.
She is also selling a trophy 7,000 s/f building at 862 Broadway in Union Square for $24 million.