The group will acquire and broker all types of retailproperties, as well as joint venture on projects with owners anddevelopers. In addition, the division will focus on exclusiveportfolios and act as a broker for owners, as well as act as atenant representative for retailers.
"For GFI, it was a perfect time. The company has been inbusiness for a long time, and understand all facets of thebusiness," Lon Rubackin, managing director of the new venture, toldGlobeSt.com. "It has always been nimble and opportunistic. Forcompanies that are well-capitalized, this may be the first and onlytime in recent memory where there will be significantopportunities."
Among the group's first projects is the leasing of 60,000 squarefeet of retail space at Vanderbilt, GFI's mixed-use project indowntown Brooklyn.
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