Newmark Closes on RKF Retail Holdings Acquisition
Newmark Group has closed on its acquisition of RKF Retail Holdings, a deal announced in May. RKF founder Robert K. Futterman will serve as chairman of Newmark RKF, Newmark’s retail leasing division.
The acquisition adds about 70 brokers to Newmark’s roster in New York and other major markets where RKF has been active. Among them are such heavy hitters as Karen Bellantoni, Robert Cohen, Jeremy Ezra, Barry Fishbach, Jeff Fishman and Ariel Schuster.
Closing the deal “brings us one step closer to creating a platform that will reshape and significantly impact the retail industry,” said Futterman. “Today’s retail market is a dynamic environment. Our collective and unique understanding of demand-side trends, customer demographics, the food and beverage industry, experiential innovations in retail, as well as the implications of new accounting rules for our clients will give Newmark RKF an even stronger national platform, while providing clients with comprehensive, turn-key services.”
For comments, questions or concerns, please contact Paul Bubny