by Daniel Geiger

A pair of real estate investors sees opportunity in fast changing Little Italy. A partnership led by Ira Fishman and Nathan Halegua, executives at the real estate firm EVO Real Estate Group, have acquired a 12,000-square-foot retail condo at 132 Mulberry St. for $17.5 million.

The space, which is located a block north of Canal Street, is home to several Italian restaurants that the pair said they hope to keep. "None of the tenants there currently have leases because they have all expired and we're working now to renew them all at a market rental rate," Mr. Fishman said, noting those rates in the neighborhood have risen to about $150 per square foot.

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Source: http://www.crainsnewyork.com/