Real Estate Weekly
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Retail

Pita pact on laGuardia

James Famularo, senior director of the retail leasing division at Eastern Consolidated, has arranged a 12-year lease for Pita Grill in Greenwich Village at 496 LaGuardia Place.

The quick service restaurant (QSR) will be the chain’s ninth location since it first opened a few blocks away at West 4th Street in 1994.

JAMES FAMULARO
JAMES FAMULARO

The 2,700 s/f space is comprised of 1,350 s/f on the ground floor and 1,350 s/f on the lower level, which is complemented by 25 feet of frontage on LaGuardia Place.

“The demand for fast casual concepts in Greenwich Village continues to grow because of new developments, tourism and the ever increasing New York University presence,” said Famularo,, who represented both landlord & tenant exclusively.

“This area in Greenwich Village, right on the border of SoHo, receives a steady flow of foot traffic from NYU and is a popular lunch and nighttime destination.”

Eastern Consolidated’s recently launched retail leasing division specializes in both tenant and landlord representation and complements the firm’s investment sales division. The retail leasing division has already secured more than 25 new exclusives in its first two months of operation.

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