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