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Dallas Private Equity Firm Buys SoHo Retail Co-Op in Bet on New York City’s Recovery

Investors Hunt for Bargains As Pandemic Batters Manhattan Shopkeepers
Paceline Equity said it liked 106 Spring Street because it sits on one of about 20 “high-street” corners in SoHo, and one of two not leased. (CoStar)
Paceline Equity said it liked 106 Spring Street because it sits on one of about 20 “high-street” corners in SoHo, and one of two not leased. (CoStar)
CoStar News
March 13, 2021 | 3:19 P.M.

In the latest signal of hope for New York’s coronavirus-battered retail market, an affiliate of Dallas-based private equity firm Paceline Equity Partners has bought a retail cooperative space in a highly trafficked section in Manhattan’s SoHo neighborhood.

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