Landlord Jack Resnick & Sons is making major changes at the helm of its leasing division.
Executive managing director Dennis Brady, 66, is retiring at the end of this month after 41 years at the company. He is being replaced by Brett Greenberg, a former managing director at the firm.
Greenberg, 56, has already officially been promoted to executive managing director of leasing and the transition of power is taking place now. The 175-employee company has also snapped up Adam Rappaport, 40, from Thor Equities, where he was a vice president of office leasing, to fill Greenberg’s role.
“The multi-generational success of Jack Resnick & Sons is based on a sense of family, collaboration and continuity, and no single individual epitomizes our unique corporate culture more than Dennis Brady has over the past four decades,” Burton Resnick, the chairman and chief executive officer of the nearly 90-year-old Jack Resnick & Sons, said in a statement. “And while his contributions will be sorely missed, we also know that our firm remains in great hands.”
A 30-year industry veteran, Greenberg has been in a managing director role at the company since he joined the firm in 2010. Prior to that he was a managing director at Equity Office and a senior vice president of leasing at SL Green Realty Corp. He was also a broker at CBRE. Greenberg will manage all aspects of leasing and marketing for Jack Resnick & Sons’ 6-million-square-foot office, retail and residential portfolio.
Greenberg recently represented Jack Resnick & Sons in a 48,242-square-foot deal for Target at 255 Greenwich Street and a 54,590-square-foot deal for software school Galvanize at 315 Hudson Street. He also worked for the landlord in a 27,778-square-foot transaction for Bed Bath & Beyond at 250 Hudson Street and a 51,576-square-foot deal for One Kings Lane (a subsidiary of Bed Bath & Beyond) at 315 Hudson Street.
“Since joining the firm in 2010, Brett has done a masterful job with our Lower Manhattan portfolio,” Resnick said. “We look forward to his continued contributions and leadership throughout our entire portfolio.”
Rappaport joins the growing list of Thor executives to depart the company in recent months. Alan Klein and Jonathan Fishman, who both ran Thor’s residential acquisitions arm, left the company to start their own venture. Leasing specialist Michael Worthman departed Thor to be a senior vice president at Vornado Realty Trust, as CO reported in April. Thor’s long-time chief financial officer, Michael Schurer, recently resigned from his post to work on Thor’s investments in Mexico. (Thor hired Fess Wofse recently as its new CFO).
Rappaport was hired at Jack Resnick & Sons to manage the firm’s 3-million-square-foot commercial portfolio, comprising properties Downtown and in Midtown South.
At Thor, Rappaport oversaw the leasing of 2.5 million square feet of office space nationwide. Prior to that he was a senior director at Cushman & Wakefield. Rappaport recently represented Thor in a 35,000-square-foot deal at 88 Greenwich Street for the 9/11 Tribute Center and in a 18,019-square-foot transaction for Anomaly Partners at 536 Broadway.
“I am excited about the opportunity to join a prestigious family-owned real estate company with an incredible track record,” Rappaport said via a spokeswoman.
A Thor spokesman did not comment on Rappaport joining Jack Resnick & Sons. Last month, Thor completed an agreement with Avison Young to oversee its New York City office portfolio.
Rappaport will be busy with leasing at Jack Resnick & Sons’ 315 Hudson Street, a 10-story, 500,000-square-foot property that is undergoing a $65 million renovation. There is currently 235,000-square-foot block of space available in the property. The company is also is marketing 413,000 square feet of office space at 199 Water Street, a 1.1-million-square-foot 35-story tower that is also known as One Seaport Plaza.
“We are thrilled to have Adam join us to oversee leasing efforts for our important Downtown and Midtown South office properties,” Jonathan Resnick, the president of the company, said in prepared remarks. “With his deep experience and relationships throughout the Manhattan marketplace, we’re looking forward to continued success with our leasing programs.”