Riese Organization Pays $17.5M for 211 West 34th Street, Plans Restaurant

January 2, 2013
Riese Organization Pays $17.5M for 211 West 34th Street, Plans
Restaurant Jan 2, 2013 1:40 PM, By Kelly Stratton, Contributing Writer
NEW YORK-The Riese Organization has acquired 211 West 34th Street at
Seventh Avenue for $17.5 million. Azad Property Group’s Barry Farchi,
partner, represented The Riese Organization in the deal, while Eric
Patino represented the sellers, 211 West 34th Street LLC, in this
transaction.
The property offers 25 ft. of street frontage and 8,900 sq. ft. of
space. Located nearby are Penn Station, Macy’s and Madison Square
Garden.
“Our current plans are to convert this space into a Tequilaville
Restaurant & Bar, a very popular and successful proprietary brand that
we currently own and operate in the Grand Central area,” said Dennis
Riese, CEO of The Riese Organization.

 

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