Ripco Real Estate, a New York-based full-service brokerage firm, said it has acquired BCD, or Branded Concept Development, a real estate firm focused on food and beverage brands.
Andrew Moger founded BCD 20 years ago. The firm is focused on project management, tenant representation and strategic investment. Ripco will acquire the real estate part of that firm.
BCD has represented clients such as Burger & Lobster, The Smith, Ani Ramen, La Pecora Bianca, Melt Shop, Dinosaur BBQ, Union Square Hospitality and others.
Moger will be based out of Manhattan and will serve as vice chairman. He will focus on business development and tenant representation and will work to expand the firm’s presence nationwide. And he will recruit food and beverage specialists in the Northeast.
Moger’s investment and advisory arm, BCD Strategic Investments, is not part of the acquisition. The firm’s project management arm was sold to Watchdog Project Managers last year.
The acquisition “improves our ability to service both current and future F&B clients,” Mark Kaplan, Ripco’s chief operating officer, said in a statement.
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