News: Brokerage

Justin and Nicolle Lustig launch The Lustig Group

Briarcliff Manor, NY Justin and Nicolle Lustig have launched The Lustig Group (TLG), a strategic retail advisory firm rooted in decades of combined experience of principal-side leasing and redevelopment experience. The new firm advises owners and occupiers at the intersection of strategy, culture and community.

“Our approach is simple, strategic, and rooted in experience. By combining decades of principal side real estate expertise with an intuitive grasp of modern consumer behavior, TLG creates value that resonates —  financially, culturally, and socially,” said principal and co-founder Justin Lustig. 

“We don’t just fill spaces — we curate environments that work for the people who build them, operate them, and shop in them,” said principal and co-founder Nicolle Lustig.

The pair aims to craft a retail environment that reflects local culture, attract first-to-market brands, and celebrate the diverse consumer base unique to each development. For growing concepts, TLG can offer in-house style representation, understanding not only the critical importance of location but the goals and aspirations of the business in how that informs the choice of a new site.

The company’s expert advantage stems from both principals’ deep-rooted experience in retail leasing. 

Justin most recently served as vice president of leasing at Urban Edge Properties, one of the country’s most respected retail REITs, following prior roles at Brookfield and DLC Management. Nicolle brings a similarly robust landlord-side background, having held positions at ASG Equities, Urbanspace and DLC Management. Together, they offer a rare mix of institutional pedigree and entrepreneurial drive — with experience spanning everything from open-air shopping centers to iconic urban high streets. Their track record includes leasing for national big-box anchors, emerging mom-and-pop concepts, and today’s most sought-after retail brands — delivering a 360° perspective that adds value to both sides of the deal.

TLG is already engaged with a roster of high-profile clients. These include Riko’s Pizza as they expand nationally, Holy Burek’s rollout across the country, and Mavis Discount Tire’s strategic growth throughout Miami, FL. On the development side, TLG is leading the retail leasing for several ground-up mixed-use projects, including Pelham House in the Village of Pelham, NY, by The Hudson Companies in partnership with Excelsior Housing; Briarhouse in downtown Briarcliff Manor, developed by The Simon Konover Company and Excelsior Housing; Society Wynwood, a transformative project by Lion Development, Torose Equities and LNDMRK Development and the repositioning of the former Bed Bath & Beyond building in Norwalk, CT. In addition, TLG is overseeing the asset management and acquisition strategy for the Berritto Family Office in South Florida.

MORE FROM Brokerage

SABRE coordinates sale of six properties totaling 199,845 s/f

Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.