CBRE Names Third-Ever Retail Broker a Vice Chairman
Terence Cullen Sept. 28, 2015, 3 p.m.
David LaPierre, a member of CBRE’s global retail services team, has been named a vice chairman at the national brokerage, Commercial Observer has learned, becoming just the third retail broker at the firm to be given the position.
The 22-year CBRE veteran has represented big-name retail tenants in New York City including Toys “R” Us in its blockbuster Times Square deal 15 years ago and Eataly’s flagship location in the Flatiron District six years ago.
More recently, he represented the food hall in a deal to open a satellite location at 4 World Trade Center. The eatery is slated to in the first half of 2016, following a delay because of a dispute between the Port Authority of New York & New Jersey and retail leaseholder Westfield.
Mr. LaPierre’s clients also include Burberry, Disney, Tommy Hilfiger and Bank of America.
“While I am honored to receive the vice chairman title from CBRE, my focus remains, as always, on servicing my clients and their needs in New York City and around the country,” Mr. LaPierre said in a statement.
In addition to the 4 World Trade Center deal, he was able to help the food hall sign for locations at the Prudential Center in Boston and Century City in Los Angeles, according to CBRE. At a food hall-focused panel hosted by the brokerage in July, Mr. LaPierre said Eataly had been a transforming factor for the Flatiron District, drawing in other big name tenants and boosting rents in the area.
“David’s proven ability to execute large and varied retail transactions for sophisticated tenants and on behalf of prominent owners has been a touchstone of his career,” said Matthew Van Buren, the president of CBRE’s New York tri-state region, in prepared remarks. “To execute so significantly and consistently in such an incredibly competitive market like New York is a true achievement.”