Thor Nabs Three FiDi Commercial Condos for $31.1M [Updated]
Lauren Elkies Schram Aug. 15, 2014, 12:21 p.m.
Joseph Sitt‘s Thor Equities has closed on the purchase of three commercial condominium units at 120 Greenwich Street at Albany Street for $31.1 million, according to property records.
The units total 4,900 square feet spread across the first floor and basement, according to Thor. The sale closed on July 31 and was recorded with the city today.
The seller was Barrington Equities. The Real Deal reported in 2007 that Lawrence Devine and partner Charles Cecil of Barrington Equities were converting the 13-story rental apartment building into a 102-unit condominium.
“Downtown Manhattan is blossoming with opportunity and 120 Greenwich is a premier location for a global brand to expand its presence in a dynamic, transformational neighborhood,” said Melissa Gliatta, an executive vice president at Thor Equities, in a prepared statement. “Downtown Manhattan attracts a wide variety of international tourists, visitors and locals to its corridor. For retailers, this spot offers the opportunity to access and service a unique group of consumers hailing from all over the world.”
Update: This story was edited to include a comment from Thor.