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270 Greenwich StNew York, NY 10007
270 Greenwich Street
Asset ClassRetail
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Overview

270 Greenwich is a fully-leased institutional quality, grocery-anchored urban retail opportunity located in the heart of Tribeca, one of Manhattan’s most affluent and supply constrained neighborhoods. The property totals approximately 214,000 rentable square feet of retail and parking and spans a full city block at the base of luxury residential condominium and rental towers. Anchored by a top-performing Whole Foods and Hobby Lobby, the asset features a mix of necessity based, experiential and credit tenants.

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Investment Highlights

  • Irreplaceable urban grocery‑anchored asset: Institutional quality retail asset featuring a top performing ~69,000 SF Whole Foods Market backed by a guaranty from Whole Foods Market, Inc., the one-time public parent, now a subsidiary of Amazon, Inc.
  • Flagship Manhattan location for Hobby Lobby with embedded upside: Spanning ~75,000 SF on a long-term lease through 2035 and enhanced by unique West Side Highway signage rings.
  • Trophy scale, supply constrained retail in prime Tribeca: 214,000 SF three-story trophy Tribeca retail asset with a 400-car garage, full-city block frontage, and one of Downtown Manhattan’s only big-box retail configurations.
  • Highly desirable, necessity‑driven tenant mix: Long-term stable cash flow with a high-performing tenant mix including Whole Foods Market, Bank of America, SoulCycle, Hobby Lobby, Archive Wine, Intuit and Metropolis.
  • Built‑in affluent consumer base and exceptional access: Exceptional access to a high-traffic, affluent consumer base driven by 382 on-site residential units, dense office population, and global tourism destinations, with direct connectivity to multiple subway lines, ferries, and the West Side Highway.
  • Substantially below-market parking income with near-term reset: Metropolis operates the 400-car garage at $47 PSF through December 2031, well below current Manhattan market rates.
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270 Greenwich StNew York, NY 10007

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