Newmark’s Tom Citron heads to Colliers

Citron will work as an executive managing director in the company’s retail practice group

New York /
Jul.July 08, 2019 03:15 PM

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.


Related Articles

arrow_forward_ios
200 Park Avenue and 1301 Sixth Avenue (Postdlf/Wikimedia, Paramount Group)
Midtown Manhattan doubles office leasing in August as rents slide
Midtown Manhattan doubles office leasing in August as rents slide
Colliers CEO Jay Hennick (Hennick, iStock)
Colliers reports major rebound in revenue
Colliers reports major rebound in revenue
From left: Vornado's Steven Roth with 11 Pennsylvania Plaza and 1540 Broadway (Getty, Jorge Láscar/Flickr, VNO)
Manhattan office rents under pressure with 17% availability
Manhattan office rents under pressure with 17% availability
Manhattan’s office availability rate hit an all-time high in May. (Getty)
Manhattan office availability keeps on climbing
Manhattan office availability keeps on climbing
Barry Gosin (Getty, Newmark)
Newmark posts record Q1 revenue
Newmark posts record Q1 revenue
1540 Broadway and 31 West 52nd Street (Google Maps, Hines)
Manhattan office availability hits record high…again
Manhattan office availability hits record high…again
Colliers International CEO Jay Hennick (Colliers, iStock)
Colliers’ acquisitions help boost company’s Q1 revenue
Colliers’ acquisitions help boost company’s Q1 revenue
345 Park Avenue and 787 Eleventh Avenue (Photos via Google Maps and Rafael Viñoly)
Manhattan office availability hits all-time high in Q1
Manhattan office availability hits all-time high in Q1
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...