NEW YORK CITY—Himmel + Meringoff Properties has promoted Jason Vacker, to president and chief executive officer of its management company, Meringoff Properties. Previously serving as COO, he replaces 31-year veteran Farrell Virga, who announced his retirement earlier this month.

In his new role, Vacker will have responsibility for management, leasing, operations, financial reporting and administration for the company's entire 14-building, two-million-square-foot commercial portfolio.

Prior to serving as Meringoff Properties' COO, Vacker was EVP and director of leasing. He joined the firm in 2008 as a VP. Vacker began his career in real estate as a commercial leasing broker at Newmark & Co.

He holds a BBA in finance, investment and banking from the Grainger School of Business at the University of Wisconsin-Madison, is a member of REBNY, serves as current education chairman of YM/WREA, is a board member of the Flatiron 23^rd Street Partnership and is actively involved as a mentor with the non-profit PENCIL.

Vacker received REBNY's 'Most Significant Retail Deal of the Year' award for his role in the joint structuring of for 2015. The transaction, a 36,000-square-foot lease for retail giant Foot Locker—at 1460 Broadway—is said to have effectively redrawn the boundaries of the Times Square submarket, forging the connection between Herald Square and Times Square. The Foot Locker lease emerged as REBNY's winner among 13 competing entries.

“We're thrilled Jason is taking our management and leasing company into its fifth decade,” comments Stephen Meringoff, co-managing partner of Himmel + Meringoff Properties and chairman of affiliated property management company, Meringoff Properties.

He continues, “Jason is only our third president and CEO and, like Farrell, was promoted from within. He has been instrumental in helping us to build the thriving commercial real estate business we own and manage today.”

Adds Leslie Himmel, co-managing partner of Himmel + Meringoff Properties, “Jason is unquestionably one of the brightest young stars in the business today. Having experienced the depth of his capabilities, creativity and resourcefulness delivered consistently throughout his numerous challenging responsibilities over the past eight years, we are confident he is the perfect choice to lead our management firm as president and CEO.”

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Himmel + Meringoff Taps New President & CEO

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