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Garrick-Aug To Go to Investment Group

NEW YORK CITY-In what insiders are terming a "very smart move," an investment team has snatched up Garrick-Aug, ending months of speculation that the retail brokerage was on the block.

By John Salustri | Updated on November 10, 2004

NEW YORK CITY-Industry buzz that Garrick-Aug Associates Store Leasing is on the block has been satisfied. Insiders close to the deal confirm that an investment group headed by Lawrence Selevan will take the helm of the locally based retail brokerage.

“It’s a very smart investment,” says one source familiar with the negotiations. “It’s been a banner year for retail and for the company.”

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