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Meridian Capital Taps Famularo to Lead New Retail Leasing Division

Former Eastern Consolidated Executive Brought in to Build a Retail Business
July 5, 2018
Meridian Capital Group of New York is turning its attention to retail real estate.

Long known for its work in investment sales and debt sectors, the Manhattan-based firm is now building out a new leasing team to represent both landlords and tenants, dubbed Meridian Retail Leasing. Real estate brokerage Eastern Consolidated's James Famularo, a retail veteran with 20 years in the leasing industry, has been hired to lead Meridian Retail Leasing’s New York City group.

The creation of the new division is part of Meridian’s strategy to evolve into a full-service adviser, according to Ralph Herzka, the company's chief executive.

"Our mission here is clear: To build a best-in-class retail leasing team and infrastructure that will combine the expertise of proven leasing professionals led by James with the vision and client service levels that have driven Meridian's success," he said.

Prior to joining Meridian Retail Leasing, Famularo was a senior director in the Retail Leasing Division at Eastern Consolidated. He has been in the leasing business for 18 years, spending five of those years at Eastern Consolidated. Famularo’s career tallies over 1 million square feet in New York City leasing transactions.

For his work at Eastern Consolidated, Famularo was named a Power Broker in retail leasing in 2017, an award he has won three years in a row. He is considered an expert in food, fun and fitness tenants. In an interview with CoStar News in June, Famularo said he had closed 72 deals in the past year.

"I have my eyes on businesses with a strong social media presence. If you have that, you will be packed," Famularo said. "It’s frustrating to me when people say to me that social media is just a trend. I tell them, 'yes, like e-mail.'"

FOR THE RECORD: Meridian Capital is a national commercial real estate financier that lends across the capital stack, from construction to mezzanine to loans with forward-commitment. It has closed more than $300 billion in financing since its launch in 1991. Last year, Merdian Capital sold more than $1 billion in commercial property and closed over $32 billion in financing transactions.

Diana Bell, New York City Market Reporter  CoStar Group   
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