James Famularo has found a new place to hang his hat—at Meridian Capital Group—before his former firm, Eastern Consolidated closes up shop, Commercial Observer has learned. Famularo, along with his team of sales agents, will start at Meridian next month, helming the 27-year-old firm’s new retail division.
“I’ve been hearing about [Meridian co-Founder] Ralph [Herzka] for years and nothing excites me more than $37 billion in transactions annually and 3,300 deals in that time,” Famularo, whose title will be president of Meridian Retail Leasing, told CO. “It’s just mind-boggling. Everyone who’s there is transaction heavy and deal-focused. It’s a dream come true.”
Famularo will work out of the office where the investment sales team is located, at 800 Third Avenue between East 49th and East 50th Streets.
“Retail leasing will substantially expand the services we offer clients,” said Meridian Founder and CEO Ralph Herzka in a prepared statement. “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.
“We are truly delighted to welcome James to the Meridian family,” Meridian President of Investment Sales Yoni Goodman added. “He brings with him the track record of achievement and professional integrity around which we will grow our retail leasing business.”
As CO previously reported, Eastern Consolidated co-Founders Peter Hauspurg and Daun Paris announced they will be closing down the firm in July. Famularo was on the retail team there, which along with the capital markets division had been earning revenue on par with its 2017 numbers.
Published by the Commercial Observer on June 25, 2018