RIPCO acquires BCD, a real estate brokerage firm for restaurants and expands its F&B offering
RIPCO Real Estate (RIPCO), a leading full-service independent brokerage firm offering services including leasing, investment sales, property management and debt and structured finance, announced the acquisition of BCD ( Branded Concept Development), a restaurant real estate brokerage firm specializing in the expansion of food and beverage brands.
Founded by Andrew Moger over 20 years ago, BCD has focused on project management, tenant representation and strategic investment. RIPCO will acquire the real estate brokerage company of BCD. At BCD, Moger focused on representing tenants and food and beverage customers. Some current and previous clients represented by the company include Burger & Lobster, The Smith, Ani Ramen, La Pecora Bianca, Melt Shop, Made Nice, Boqueria, Dinosaur BBQ, Union Square Hospitality and more.
“The acquisition of BCD, a food and beverage giant, enhances our ability to serve current and future F&B customers. Andrew had built a great business, representing some of the biggest restaurant brands in the country. I’m proud that he felt RIPCO was the best company to handle his impressive list of customers,” said Mark Kaplan, RIPCO’s Chief Operating Officer. “Andrew is a highly respected voice in hospitality and I expect his client list to grow exponentially with our resources behind him.”
Moger, who will be based in Manhattan and serve as vice president, will focus on business development and tenant representation, and work to further develop the company’s national expansion into food and beverage brands. . He will also help recruit F&B specialists in each of RIPCO’s current respective markets of New York, New Jersey, Connecticut, Long Island, Miami and Tampa.
“I was drawn to RIPCO because of its strong corporate culture and vast resources across all eight offices,” said Moger. “With over 100 brokers at RIPCO, I am confident that my domestic food and beverage clients will have the opportunity to expand their business beyond the New York area and into cities such as Miami, Tampa and more. The combination of my close relationships and the firm’s wide geographic coverage will provide a large area of growth for my clients and me.
Moger’s investment and advisory arm, BCD Strategic Investments, will continue to be a separate entity and will not be part of the acquisition. BCD’s project management arm was sold to Watchdog Project Managers last year.
Moger graduated from Washington University in St. Louis with a Bachelor of Arts in political science. Prior to founding BCD in September 2001, Moger was President and COO of Two Boots. Prior to that, he served as Vice President of Development for Crunch Fitness International. Moger is on the advisory board of Givz, Mise, Next Gen Foods, ResQ, SevenRooms and Sunboy. He is currently also a board member of Metro Dount Holding Company, one of the largest Dunkin’ franchisees in the United States, Naya and Mighty Quinn’s BBQ. Moger is also co-founder of Melt Shop.
For more information about RIPCO, please visit www.ripcony.com. If you are interested in joining the team, please contact Erica Detorie at [email protected]
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