Anton, Solarz and Toothman of EC sell 148-150 Spring St.

Vornado Realty Trust is the buyer of two adjacent four-story retail/office properties located at 148-150 Spring St. Eastern Consolidated's (EC) executive managing directors Eric Michael Anton and Ronald Solarz with analyst Jared Toothman represented the seller, Cape Advisors, a real estate development and investment firm, and also represented the buyer of the 11,621 s/f combined property, which offers 40 ft. of retail frontage now occupied by Italian watchmaker Breil at 148 Spring St. and Treetorn Sneakers at 150 Spring St. Market rents for the retail are in excess of $400 per s/f and $50 per s/f for the offices. Thomas Malmud, Esq, of Pryor Cashman Sherman & Flynn represented the seller, while Roger Roisman, Esq. of Tannenbaum Helpern Syracuse & Hirschtritt LLP acted for the buyer. Founded in 1981, Eastern Consolidated has emerged as one of the country's preeminent full-service real estate investment services firms, combining an unrivaled expertise in the greater New York marketplace with a worldwide roster of institutional and private investor clients. Over the years, it has been responsible for the acquisition, disposition and finance of all types of properties, including office and apartment buildings, lofts, factories, hotels, shopping centers, commercial and residential development sites, taxpayers, parking garages and lots, retail condominiums and air rights transfers.