Famularo Team at Eastern Consolidated Leases Prime Greenwich Village Retail Space to International Restaurant Chain
NEW YORK, NY – December 19, 2017 – The Famularo Team at Eastern Consolidated has arranged a 10-year, 1,776-square-foot retail lease at 820 Broadway in Greenwich Village for Paramount Fine Foods, a Canadian-based restaurant chain with over 40 locations that serves Mediterranean food in a casual setting. The ground floor space between 11th and 12th Streets will be Paramount’s first restaurant in New York City.
Senior Director and Principal James Famularo and Associate Director Greg Goldberg represented the owner, and Famularo and Director Ravi Idnani represented Paramount Fine Foods.
“My team brought this space to market in September, after it had been vacant for over two years, and we had a signed lease in three months,” Famularo said. “Through our marketing efforts, we generated a great deal of interest and received multiple offers, some over the asking price. Ultimately the landlord selected Paramount Fine Foods because of its track record as the fastest growing Middle Eastern Food chain in Canada with over 40 locations in Canada, Florida, Pakistan, and Lebanon.”
Idnani added, “Representatives from Paramount Fine Foods had been looking in New York City for a long time and after seeing 820 Broadway they knew immediately it was the right space for their restaurant. Located between East 11th and 12th Streets, the site is surrounded by colleges and universities, including New York University, Cooper Union, the New School, St. John’s University, and Cardozo Law, where over 50,000 students are enrolled.”
The space at 820 Broadway has a restaurant infrastructure in place, offers 24 feet of frontage on Broadway, enjoys 24/7 pedestrian traffic, and is steps from Union Square where the L, N, R, W, 4,5, and 6 trains converge.
Paramount Fine Foods is farm to table, casual dining that embraces the fresh and healthy flavors of the Mediterranean, sharing the most authentic and exotic recipes that have been passed down for generations. Serving baked pita straight from wood burning ovens, charcoal barbecued, free range, grass fed, and hormone/antibiotic free meats, chicken and beef shawarma, various flat-bread style dishes, and fresh baklava handmade daily provide guests with a culinary experience that will not be forgotten. More information is available at http://www.paramountfinefoods.com/
Powered by a highly skilled team of over 100 brokers with a fluency in 15 languages, Eastern Consolidated is one of the country’s preeminent full-service commercial real estate firms. Through three core divisions—Investment Sales, Capital Advisory, and Retail Leasing—Eastern Consolidated serves an impressive roster of international and domestic institutional and private investors on real estate transactions of all sizes and across all property types. For more information, visit www.easternconsolidated.com and follow us on Twitter@EasternConsol.
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