Newmark’s Tom Citron heads to Colliers

Citron will work as an executive managing director in the company’s retail practice group
By Eddie Small | July 08, 2019 03:15PM

Tom Citron

Newmark Knight Frank retail broker Tom Citron has left the brokerage to join Colliers International.

Citron, whose headline deals include representing H&M at its huge Herald Square flagship, joined Colliers as an executive managing director, according to a spokesperson for Colliers.

Stephen Shapiro, director of operations for Colliers’ tristate region, said in a statement that Tom was a “dynamic leader” with a track record of “developing and implementing creative solutions” to help clients achieve their business goals.

Citron was not immediately available for comment.

The veteran broker spent about seven years in the retail group at Cushman & Wakefield before joining Newmark in 2014. His move to Colliers comes as Newmark – which last year ranked as Manhattan’s third-largest retail brokerage – is integrating its retail division with Manhattan’s No. 1 retail shop, RKF.

Newmark acquired the firm last year for an undisclosed price, despite reported resistance from several RKF brokers unhappy with the Newmark policy requiring them to receive a percentage of commissions in the form of company stock.

Citron has represented several prominent brands over the course of his career, including Capital One and Citibank. He is also responsible for H&M’s flagship Manhattan deals at 589 Fifth Avenue and 4 Times Square.

Colliers, meanwhile, lags behind other retail brokerages in the city. The firm didn’t land in the top 15 leasing firms of TRD’s ranking last year.