Thor Equities has acquired a prime SoHo retail property at 51 Greene Street.
Located between Broome and Grand Streets, the two-level, 3,600 s/f building is currently occupied by Arcadia Fine Arts, a world-class gallery specializing in sculptures, paintings and photographs by a variety of contemporary artists.
“SoHo is becoming the new Gold Coast of lower Manhattan, where fashion, design and art combine to create a culture that is unmatched,” said Joseph Sitt, CEO of Thor Equities.
“SoHo remains one of the most sought after retail addresses in the city, famed for its fashionable shopping, world-class hotels and luxury residences, and we are excited to be part of its continually bright future.”
51 Greene Street is the latest addition to Thor Equities’ expanding SoHo portfolio, which includes holdings along Greene Street, Broadway, West Broadway and Mercer Street.
SoHo is home to some of the nation’s top performing stores for national and international retailers including Chanel, Calvin Klein, Victoria’s Secret, Stella McCartney, H&M, Marc Jacobs, and Prada.