Lee & Associates NYC announced that senior managing director/principal Peter Levitan has been elected Chair of the Real Estate Board of New York’s (REBNY) newly formed Commercial Brokerage Brooklyn Committee.
The unprecedented establishment of a commercial committee for a specific borough is a confirmation of Brooklyn’s swift ascent as a leader in commercial values and activity.
Vice chair of the committee will be John Ritter, Executive Vice President, Sholom & Zuckerbrot.
Levitan, who at 31 years is among the youngest committee chairs in REBNY’s history, has already been responsible for dozens of transactions in Brooklyn, including Apple’s leasing of 247 Bedford Avenue.
In late 2014, he arranged the highest-priced sale in the borough, comprising two retail development properties at 184-186 and 204-206 Bedford Avenue. On the heels of that groundbreaking deal, he represented the sellers for another record retail sale at 312 Leonard Street.
At $950 psf it was the highest price ever received for a Williamsburg property east of the Brooklyn-Queens Expressway. In addition, he was responsible for the highest priced retail lease in Cobble Hill at 857 Union Street.
“I am both grateful for this prestigious appointment and excited about working with an incredible group of professionals,” said Levitan. “We have an opportunity to lay new groundwork that will encourage the kind of growth that benefits all the stakeholders in the borough.”
Lee NYC has one of industry’s most active retail brokerage divisions in Brooklyn. In addition to Levitan, the team comprises the firm’s Managing Principal Peter Braus; Garry Steinberg, Managing Director/Principal; Jaime Schulz, Director; and J.P. Sutro, Director.
Members of the Commercial Brokerage Brooklyn Retail Committee will include retail brokers, owner representatives and other industry professionals active in the sales and leasing of store space in the borough.
The committee plans to meet several times a year to share information and provide mutual support.