One of the leading asset management firms in New York, Samy Mahfar's firm SMA Equities has signed a leased with "I Need More Rock and Roll" at the lower east side of the Big Apple. More information about SMA Equites can be found on https://www.smaequities.com
NEW YORK, NY / ACCESSWIRE / June 13, 2017 / After long talks, "I Need More Rock and Roll" has finally laid its foundation at 75 Orchard Street at the lower east side of Manhattan. The location is dubbed a prime location in Manhattan as it is only a few steps away from the leading bars and restaurants. The retail space is managed by Samy Mahfar's SMA Equities and the retail leasing was represented by Chris Guzzello and Tarik Bouzourene of REAL New York.
An Important Milestone for SMA Equites:
I Need More is backed by major Rock and Roll influencers and movie stars. The retail store will be bringing the Rock and Roll theme to its new location. Store Owner, Jimmy Webb, was the former manager of Trash and Vaudeville. He was also involved in punk-rock back in his early days which ultimately helped him find his way to New York City.
The lower east side of Manhattan is traditionally known to be one of the grittiest and most artsy neighborhoods in New York City. The location has begun to reinvent itself while keeping its conventional charm since the 1990's. Over the past 2 decades, the demographics of the area below East Houston Street began to change, as the young, more gentrified groups, musicians, and artists moved in.
Samy Mahfar, co-founder and managing principal of SMA Equities states, "This lease is an important millstone for this asset as we continue to redevelop under-performing properties." He added, "This is one of the steps that shows how we strive to identify key locations in New York City and turn them into profitable ventures through revised marketing and management practices."
About SMA Equites:
SMA Equities is a New York based real estate firm that invests as a principal in multi-family, retail, office, mixed-use properties, and land. Our investments are nationwide, with the largest share of our assets located within the greater New York metropolitan area. Throughout SMA Equities' history, starting in 1986 as SMA Realty, we have excelled as an active hands-on organization, rather than passive investors. Our primary focuses are real estate investment, development, and operations. More information about SMA Equites can be found on https://www.smaequities.com.
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SOURCE: SMA Equites