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RRA Expands Into Retail With Hiring Of Larry Steinberg, Veteran Retail Broker

by RRA on April 18, 2018
RRA Expands Into Retail With Hiring Of Larry Steinberg, Veteran Retail Broker

Rittenhouse Realty Advisors is excited to announce the formation of Rittenhouse Retail, a new venture focused solely on retail sales and leasing.  The company is led by top producing retail agent Larry Steinberg.  Over the course of his career, Larry has worked with numerous national retailers, including Apple, Nordstrom Rack, Target Express, Warby Parker, J. Crew and Chipotle.  He has also worked with top chefs and restaurateurs, including Marc Vetri, Michael Solomonov, Stephen Starr and Jose Garces.

Larry’s notable track record includes the sales of several prominent retail buildings on both Walnut and Chestnut Streets in Rittenhouse Square’s shopping district.  Larry is joined by his son, Evan Steinberg, who is an experienced tenant representative, having worked with national brands seeking multi-site expansions into the Greater Philadelphia Region.  The team has also represented the retail spaces in some of the city’s most exciting recent development projects, including Pearl Properties’ The Granary, The Icon Building, developed by Alterra Properties, and The Collins Building, developed by Brickstone Realty Corp.

Steinberg, who joined the RRA family of companies in February of this year, stated: “I’m extremely pleased to be a part of a great commercial brokerage team.  Our new retail division will add an important set of capabilities to RRA’s brokerage expertise and open new opportunities for business. After many years of providing the leading retail brokerage service in Center City, my new retail team is being hand-picked to provide laser focused attention to our clients’ needs.”

Ken Wellar, Managing Partner at RRA, added: “We couldn’t be more excited to bring Larry on board.  He is, without a doubt, one of the most iconic brokers in Center City.  This partnership will allow us to hone our focus on mixed-use investment sales as well as grow out and diversify our platform of services.”

Rittenhouse Realty Advisors recently celebrated five years in business and $100 million in property sold in the first quarter of this year.  The group formed their debt and equity team, Rittenhouse Capital Advisors, in 2014.  Rittenhouse Retail expands the group’s offerings to existing clients as well as creates an opportunity to compete in a new market.

Corey Lonberger, Managing Partner at RRA, stated: “Larry and his team are highly skilled at what they do.  With Larry running our new retail division, we are confident that we will be a real player in that arena in the very near future.”