Manhattan-Based Trevi Retail Acquires Two Properties

Nov 25, 2011, 12:51 ET from Trevi Retail

NEW YORK, Nov. 25, 2011 /PRNewswire/ -- Trevi Retail has completed the acquisition of two properties on Manhattan's tony Upper East Side.  The properties are located on a prime block of Lexington Avenue between 72nd Street and 73rd Street.

The properties are mixed-use buildings, with both retail and residential components.  One of the properties has a vacant ground-floor retail space and a vacant second floor commercial space.  The second property is fully occupied.

The all-cash transaction was completed within three weeks.

About Trevi Retail

Trevi Retail is based in New York, NY with offices at 730 Fifth Avenue.  The company plans to assemble a large portfolio of commercial properties throughout New York City.  Trevi Retail's President and CEO is Rockie Gajwani and its Chief Investment Officer is Johnny McCarthy.

SOURCE Trevi Retail