The combined company will be called David/Hicks & Lampert Retail Brokerage LLC and be based in Denver. It launches with approximately 16 licensed brokers, most of which were with David/Hicks.
"The merger will increase our capacity for Colorado and Rocky Mountain regional expansion," says Philip Hicks, one of three managing partners in the combined firm. The two others are Joe David and Allen Lampert. All three live in Denver. Combined, the three have brokered 5,000 retail leases. "We believe we have the potential to be the top retail brokerage provider in the Rocky Mountain region and beyond," says Lampert.
The two firms have worked together extensively in the past. Most recently, they co-led the leasing efforts for Colorado's largest new shopping center, Southlands, which was developed by Alberta Development Partners LLC. The 1.7 million-sf regional retail destination in Aurora, CO opened its third phase in October 2006.
Lampert, who previously served as Director of Real Estate for Alberta Development Partners, founded Lampert Properties Inc. in 2002. Lampert previously was a retail broker with CB Richard Ellis. Philip Hicks and Joe David founded their company in 1999 after long careers as licensed brokers for regional and national brokerage firms.
The combined company is launching with several leasing assignments in hand, including: Northlands, A 1.1 million-sf mixed-use regional power center located at I-25 and Highway 7 in Broomfield, CO; the Streets of SouthGlenn, a redevelopment of the former Southglenn Mall, an eventual 1.1 million-sf town center in Centennial, CO.; and the Colorado River Marketplace, a 600,000-sf mixed use, lifestyle development located in Grand Junction.
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