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Former restaurant pro beefs up NKF Retail menu: Marc Frankel, managing director, Newmark Knight Frank.


Who knew that a job working for McDonald's would lead to a career with one of the world's largest independent real estate service firms like Newmark Knight Frank (NKF NKF National Kidney Foundation
NKF Norges Kampsportforbund
NKF Norges Klatreforbund (Norway)
NKF Norges Kofferttenking Forbund
)?

But Marc Frankel said he knew that the skills he gained as an in-house real estate manager for the global burger franchise were exactly what NKF was looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 when it decided to set up a specialized restaurant services group earlier this year.

Frankel, who joined NKF as a managing director of its new Restaurant Service Group in October, recalled how Jeffrey Roseman, executive vice president of NKF Retail, had a vision to develop a one-of-a-kind restaurant services group within the company.

Said Frankel, "I had developed an ongoing relationship with Newmark through my work at McDonald's and I knew they wanted to become an outsourced real estate company for all restaurant chains The following is a list of restaurant chains.

See also: Fast-food restaurant, Casual dining, List of reference tables. International

  • Bennigan's
  • Burger King
  • Charley's Grilled Subs
  • Domino's Pizza
  • Hard Rock Cafe
, so that if a restaurant was looking to expand in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, they could help them from A-Z. Because of my background, I speak their language."

The broker learned that language after earning his real estate license while attending SUNY SUNY - State University of New York  Buffalo, where he received a BA in Legal Studies.

"I knew I wanted to do something in business transactions," said Frankel, who soon secured a position with New York landlords, The Parish of Trinity Church Trinity is a commonly used name for Christian churches, especially within the Anglican and Russian Orthodox traditions.

Trinity Church may refer to:
  • Trinity Church, Boston
  • Trinity Church, New York
  • Trinity Church, Pittsburgh
, and later Sylvan sylvan

emanating from or pertaining to woods. See also sylvatic.
 Lawrence, before joining investment researchers, Prudential Equities.

Frankel said he realized he had a preference for the retail deals he was handling and when, in 1987, a position came up at the corporate headquarters of McDonald's--which owns and leases all of its properties--he jumped at the chance.

In 1992, Frankel went to work for the Marriott Restaurant Group and then to Rite Aid Rite Aid (NYSE: RAD) is a United States retailer and pharmacy chain, operating over 5,000 stores in 31 states and the District of Columbia. Rite Aid Corporation is one of the nation's leading drugstore chains. , only to end up back at McDonald's in 1997 when the chain had incorporated Chipotle Mexican Grill Chipotle Mexican Grill (NYSE: CMG) is a Denver, Colorado-based chain of Fresh Mex restaurants specializing in San Francisco burritos and tacos. Founded by Steve Ells in 1993, the restaurant is known for its chunky guacamole and large burritos.  into its family.

He was tapped to manage Chipotle's entry into the metro New York market, a project which resulted in the creation of 21 restaurants and over $50 million in annual sales in less then two years. Frankel also co-ordinated a management program that tripled net operating income Operating Income

The profit realized from a business' own operations.

Notes:
This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit.
 from non-food sources for McDonald's.

The chance to get involved in some of the most high-profile restaurant deals in the country proved too tempting to Frankel, who worked to Roseman to get NKF's new Restaurant Service Group up and running.

The group is comprised of a team of five brokers each of whom is a specialist in a different real estate field and therefore able to help any restaurant tackle the many different real estate processes, from screening sites to negotiating leases and assisting with project management.

Working with other NKF brokers, the Restaurant Services Group will also be able to assist developers and property owners who have restaurant space in their buildings, or those who have been considering adding one, in their proposed development.

"From providing assistance with the overall design and layout to the placement of mechanical and ventilation systems, we have it covered," said Frankel.

Currently the team is working with several celebrity television chefs hoping to open restaurants in the Big Apple and is representing a number of national chains planning to expand into the New York market.

"It takes a lot of time and emotional commitment to do my job well, Frankel admits, "but I want to be the best at what I do.

"I don't know Don't know (DK, DKed)

"Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party.
 any other profession that allows you to go back and physically see what you have created, and with restaurant openings in New York creating record breaking grosses, it's exciting to be a part of that.

"Everyone wants to be here, and with high demand, and low supply (of space) it becomes a hot market."

While New York is undoubtedly the hottest city in the nation for new restaurants and often a bellwether for the industry as a whole, NKF is already planning to expand its Restaurant Service Group nationwide.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:PROFILE OF THE WEEK
Author:Perez, Esther O.
Publication:Real Estate Weekly
Date:Nov 29, 2006
Words:650
Previous Article:Eric S. Goldschmidt, and Laurence London of Goldschmidt & Associates announced the following exclusives.(Agents)
Next Article:Developer searching for deals as firm grows NY presence.
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