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Posted: November 24, 2014
EVO secures four leases totaling 10,000 s/f
EVO Real Estate Group has renewed the leases of four Italian restaurants at 132 Mulberry St.: La Nonna, Paesano, Umberto's Clam House and Pellegrino, according to Rob Frischman, EVO's executive vice president of retail, who represented the landlord along with his colleague Brett Weiss.
Together, the restaurants comprise 10,000 s/f. The lease terms are for five years.
"It was important to both the landlord and tenants to preserve the 'Little Italy' nature of the block," said Frischman. "Throughout the negotiations, we kept this shared goal in mind."
In early 2014, the four principals of EVO Real Estate Group purchased the retail condo at 132 Mulberry St. and syndicated its ownership for their investors under an entity known as 132 Mulberry Partners LLC. EVO has served as leasing and managing agent for the property since 2001.
The local neighborhood is known for "prime shopping and dining." as Time Out New York notes. And Mulberry St. is the home of the world-famous Feast of San Gennaro, a community celebration of faith and food held annually since 1926.
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