Greene Street with luxuryfashion retail stores in Soho Cast Iron historic District in NewYork City.
NEW YORK CITY - AcadiaRealty Trust, a real estate investment trust specializing in theretail asset class, has been on a shopping spree for assets in theSoHo submarket, acquiring properties along the Greene Streetcorridor in a total aggregate of $100 million. Newmark Knight Frankbrokered the string of recent acquisitions Acadia has made,including a recent $15 million buy of 37 GreeneSt.
The retail condo at37 Greene Streetspans 3,569 square feet on theground floor, which is occupied by modern furniture store Kartell.The pre-war, cast-iron building was constructed in the 1900s andconsidered the heart of SoHo. The purchase of the property is thesixth tally in the acquisitions Acadia has made along the GreeneStreet corridor of retail condos.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
