TerraCRG Expands Commercial Leasing Division with New Hire
TerraCRG has tapped former Transwestern and Moinian Group broker Peter Schubert to expand its leasing presence throughout Brooklyn, Commercial Observer has learned.
The commercial brokerage and advisory firm that focuses solely on Brooklyn brought Mr. Schubert on as a partner and managing director of the company’s commercial leasing division, company officials said. Though TerraCRG has made a name for itself as an investment sales brokerage, Mr. Schubert will beef up the retail leasing staff at the six-year-old firm.
“I’m here not just to do deals but also to grow the the team,” he said. “We think there’s a huge opportunity in retail and the stars are aligned. We think we’re positioned perfectly.”
The 45-year-old started in real estate in 2003 in an early Brooklyn office of Massey Knakal Realty Services, where he worked with other current Terra partners, Melissa Warren and Adam Hess, as well as the company’s founder and president, Ofer Cohen.
Mr. Schubert later oversaw the Moinian Group’s 13-million-square-foot retail and office portfolio during a nearly three-year stint. He then spent two years at Transwestern as managing director in the capital markets group before starting at Terra in recent weeks.
He currently leads a team of four brokers, but he plans on hiring more soon, he said. Terra has leased Doughnut Plant, Patsy’s Pizzeria and Soul Cycle to their first Brooklyn locations, and Mr. Schubert is currently marketing a 3,700-square-foot retail space at 166 Flatbush Avenue, across the street from the Barclays Center. The Flatbush Avenue property’s owner Michael Pintchik hopes to attract a game-changing tenant to the area, Mr. Schubert said.
“The intention is really to create a destination retail strip,” said Mr. Schubert. “We’re starting to get a really good flow of prospective tenants.”