On the heels of launching a residential division, Lee & Associates NYC announced Monday that it formed a nine-person investment sales team.
The group will focus on sales between $20 million and $200 million in Manhattan, Brooklyn and Queens, Commercial Observer reported. It has three managing directors: Vickram Jambu and Chris Varjan, both formerly of Venture Capital Partners, and Paul Popkin, formerly of the Popkin Group. The team also includes two analysts from the recently shuttered firm Eastern Consolidated.
“The firm has shown steady growth while adapting to a changing retail leasing landscape,” Popkin told CO. “It was very important to me to join a firm with a solid reputation as well as an eye to the future.”
In June, Lee & Associates announced its residential venture in New York. [CO] — Will Parker
Correction: The original version of this web story misidentified the positions of the two former Eastern Consolidated individuals. They will be analysts, not brokers.