New Eastern Consolidated team eyeing retail sector

By Al Barbarino

Eastern Consolidated has launched a new Retail Sales Group under senior director Adelaide Polsinelli.

Launched in response to what the company called a “recent boom in retail development throughout New York’s five boroughs,” the group will provide sales brokerage, advisory, research, financial structuring and marketing services.

In the last four months, the firm has transacted over 15 retail sales totaling in excess of $200 million, according to a company statement.

“The market for retail condos of every size, shape and location has surged over the last few years, as evidenced from the $612 million sale of the planned retail space at the World Trade Center to the $700 million sale of the retail space at 666 Fifth Ave,” said president Daun Paris. 

“Eastern has always had a strong retail focus, but given the new demands of the marketplace we are now offering an additional level of service for our clients.”

Polsinelli has handled over 27 retail deals in the past 24 months.  Recent sales include the Diesel and Kardashian stores in Miami Beach, The Stefano Ricci flagship on Park Avenue, several retail condos in New York City, and her long list of clients includes Sleepy’s, CVS, Davita Dialysis, Carter’s, Claire’s, DSW, Gap Outlet, KB Toys, Liz Claiborne and McDonalds.

 “The depth of expertise that Eastern’s Retail Sales Group brings will allow us to offer the highest level of service to our clients,” Polsinelli said in a statement.  “For us, each deal is another opportunity to add the highest level of value to our clients, outperform the competition and set a new record for the market.”
Matt Crosby, Robert Khodadadian, Patricia Garcia, Mat Avital, Ari Schwartz and Jamie Rogovin were hired to focus on retail business opportunities as part of the new initiative.