Polsinelli leaves Marcus & Millichap for Eastern

Mar.March 19, 2012 04:00 PM

High-profile, mid-market investment sales broker Adelaide Polsinelli resigned from Marcus & Millichap this past Friday and began working at Eastern Consolidated as a senior director today, Polsinelli told The Real Deal.

Polsinelli, who first started in the building sales business in 1985, is best known in the industry for deals such as Savanna’s $43 million purchase in 2007 of the Children’s Wear Building at 131 West 33rd Street in Midtown and the sale of the Knitting Factory at 74 Leonard Street in Tribeca, in 2008, for $12 million.

In 2008, she moved from Besen & Associates to Marcus & Millichap, where she had been an associate vice president of investments.

Today, she began working at Midtown-based Eastern Consolidated, which traditionally completes fewer deals each year than Marcus & Millichap, but at a higher average price per deal, data from The Real Deal shows.

“I wanted a broader range of products and a broader range of services,” she said, including working more in debt and equity placement.

In recent months she represented the sellers at a seven-story building 37 West 19th Street in Flatiron, which is in contract for $10.2 million, she said; and a commercial condominium at 372 Broadway in Tribeca, which sold for $9.75 million, figures from CoStar Group show.

J.D. Parker, vice president and regional manager for the Manhattan office of Marcus & Millichap, said, “She is a good broker and highly respected and we wish her nothing but success in her future endeavors.”

Daun Paris, president of Eastern Consolidated, said the company “[looks] forward to Adelaide leveraging the Eastern Consolidated platform to great success.”

Related Articles

38-42 12th Street (Credit: Google Maps)

Joint venture plans 400K sf commercial project for LIC

Rendering of the Staybridge Suites at 38-59 11th Street

Long Island City hotel project moves forward with construction loan

CW Realty's Cheskie Weisz and the Williamsburg assemblage (Credit: CW Realty and Google Maps)

CW Realty buying Williamsburg assemblage for $39M

441 Ocean Avenue and 1745 Caton Avenue in Brooklyn (Credit: Google Maps)

Meridian Properties buys pair of
rent-stabilized buildings for $35M

New Providence Gardens and Gebroe-Hammer broker Nicholas Nicolaou

Institutional buyer bags North Jersey apartment complex for $59M

Compass Commercial has done just “a handful of deals” since its launch

Compass Commercial has done just “a handful of deals” since its launch

Upper Manhattan, Bronx multifamily portfolio trades for $60M

Upper Manhattan, Bronx multifamily portfolio trades for $60M

Daun and Peter Hauspurg and ABS Partners Real Estate offices at 200 Park Avenue South (Credit: Twitter and ABS Partners)

They ran a brokerage, now they’re sourcing deals. Why Daun and Peter landed at ABS