Thor Equities Picks up Former Patricia Field Store for $8.2M
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Thor Equities is now the rightful owner of the retail space at 306 Bowery. In doing so, the billion-dollar-barons have an even larger toe-hold on the Lower East Side.
Joe Sitt and company shelled out a wallet-busting $8.2 million for the 6,700 square-foot location (ground + basement).
“The Bowery is continuing its transformation into one of Manhattan’s most vibrant shopping corridors, fueled by the area’s new residential development, boutique hotels, museums, art galleries and nightlife,” said Joseph Sitt, CEO of Thor Equities.
Legendary designer Patricia Field closed her eponymous shop here back in February. She owned this retail space at 306 Bowery before selling to Sitt. At 73, she’s finally retired from the boutique business after fifty years.
Thor Equities owns several properties in the vicinity including 176 Bowery, 195 Bowery, 30 Bond Street, and 50 Bond Street.