News: Brokerage

Condren and Altschul of CPEX named among the 2012 CoStar Power Brokers

According to CPEX, managing directors Ryan Condren and Eric Altschul, from the New York Retail Leasing Team, have been named 2011CoStar Power Brokers by the CoStar Group. The CoStar Power Broker Award recognizes the select few commercial real estate brokers and brokerage firms who performed at the industry's highest level and achieved remarkable sales and leasing success. Under the leadership of Condren and Altschul, the New York Retail Leasing Team has set a new standard in the retail leasing arena in recent times. In the past year, the team completed 15 leases totaling over 100,000 s/f of retail space with an aggregate lease value of over $70 million. Moreover, the team completed leases with notable tenants such as PetSmart, Retro Fitness, RadioShack, and Smashburger in submarkets throughout Brooklyn, Queens, and Manhattan. "Since the inception of CPEX Ryan and Eric have averaged one lease signing each and every month. This well-deserved honor is a testament to their professionalism and tenacity," said Timothy King, managing partner of CPEX. For further information, please contact CPEX, [email protected] , or (718) 935-1800. CPEX was founded in September 2008 by Timothy King and Brian Leary, two prominent leaders in the New York City commercial real estate industry. The founders have provided a broad range of real estate and business services locally, nationally and internationally throughout their career. CPEX provides a full range of services for both real estate and business owners, through our innovative operating platform and entrepreneurial culture. CPEX implements a team-based approach in which each group is focused on a specific business line, product type and definitive specialization for each market. Real estate services include: sales, leasing, acquisitions and advisory. Business services include: sales, acquisition, and advisory. CPEX adds additional resources and support to its teams. Each business line is backed by its own dedicated operations team. The operations team carries out tasks such as scheduling, preparing materials and documentation, client reporting, coordinating public relations, advertising and marketing efforts, and working with CPEX administration. Teams are further supported by our centralized in-house research, technology and marketing & media groups. This quality of support allows our sales force and advisory team to remain singularly focused on executing assignments. The CPEX operating platform consisting of multiple people working together in a specialized system is proven to achieve maximum results for our clients.
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United Properties Corp. adds 380,354 s/f of Midwest retail to portfolio - reaching over 10 million s/f

East Meadow, NY United Properties Corp. has completed two significant retail acquisitions totaling $34.3 million across Ohio and Iowa. The portfolio has crossed 10 million s/f, boosted by 380,354 s/f of premier commercial shopping center space acquired in these purchases.
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