NEW YORK, April 1, 2014 – 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 between West Houston and Bleecker Streets. 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.
The 2,700-square-foot space is comprised of 1,350 square feet on the ground floor and 1,350 square feet 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 James Famularo, a Senior Director at Eastern Consolidated, 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.”
496 LaGuardia Place is in close proximity to Washington Square Park, within walking distance of the No. 1 subway station at Houston Street, and a few blocks from the No. 6, B, D, F, and M subway station at Broadway-Lafayette Street.
Eastern Consolidated’s recently launched retail leasing division specializes in both tenant and landlord representation and complements the firm’s thriving investment sales division, giving clients access to premier retail listings for stores, bars, lounges, and restaurants throughout the five boroughs. The retail leasing division has already secured more than 25 new exclusives in its first two months of operation.
Founded in 1981, Manhattan-based Eastern Consolidated is one of the country’s preeminent full-service real estate services covering investment sales, retail leasing, and capital advisory and offering unrivaled expertise in the greater New York marketplace to an impressive worldwide roster of institutional and private investor clients. The 60-person team of brokers, who, combined, offer fluency in 15 languages, come from a wide diversity of entrepreneurial and professional backgrounds. With annual sales up to $4 billion, Eastern Consolidated focuses on the acquisition, disposition, leasing and finance of all types of properties.