Woodbury-based RIPCO Real Estate is expanding its restaurant services with the acquisition of BCD, a Manhattan-based restaurant real estate brokerage firm.
The terms of the contract are not disclosed.
BCD, which stands for Branded Concept Development, was founded by Andrew Moger in 2001. Current and previous clients of the company include Burger & Lobster, The Smith, Ani Ramen, La Pecora Bianca, Melt Shop, Made Nice, Boqueria, Dinosaur BBQ, Union Square Hospitality and more.
Moger, who will be based in Manhattan and serve as vice president of RIPCO, will focus on business development and tenant representation, and work to further develop the company’s national expansion into food brands and beverages, according to a company statement.
The investment and advisory arm of Moger, BCD Strategic Investments, will continue to be a separate entity and will not form part of the acquisition. BCD’s project management arm was sold to Watchdog Project Managers last year.
Prior to founding BCD, Moger was President and COO of Two Boots, a New York pizza chain and prior to that he served as Executive Vice President of Development for Crunch Fitness International, responsible for all acquisitions and all real estate developments, as well as overseeing the growth of the restaurant and retail segments of the business. Moger also served as a special projects director for Morton’s of Chicago.
“The acquisition of BCD, a food and beverage powerhouse, enhances our ability to serve current and future food and beverage customers,” RIPCO COO Mark Kaplan said in the release. “Andrew had built a great business, representing some of the biggest restaurant brands in the country. I am proud that he felt RIPCO was the best company to handle his impressive list of clients. Andrew is a highly respected voice in the hospitality industry, and I expect his client list to grow exponentially with our resources behind him.
Moger is a member of the advisory board of Givz, Mise, Next Gen Foods, ResQ, SevenRooms and Sunboy and he is a member of the board of directors of Naya, Mighty Quinn’s BBQ and Metro Dount Holding Company, one of the largest Dunkin’ Franchisees. Donut in the country.
“I was attracted to RIPCO because of its strong corporate culture and extensive resources across all eight offices,” Moger said in the release. “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.