People

Benjamin Fox

Executive Vice President of Retail Leasing


Biography

Prior to heading up Massey Knakal Retail Leasing Services (MKRLS), Mr. Fox was the President of Winick Realty Group. In 1987, he co- founded New Spectrum Realty Services and grew it to a 35-broker powerhouse and one of New York City’s leading retail real estate brokerage firms. In 2000, New Spectrum was acquired by Newmark Knight Frank, becoming the largest retail real estate brokerage in New York, with Mr. Fox as Managing Partner and Executive Vice President.

Under Mr. Fox’s leadership, all three brokerage firms were honored with major industry awards; Newmark New Spectrum was the recipient of the REBNY Retail Deal of the Year four years out of five during Mr. Fox’s tenure. He himself was accorded REBNY’s 2003 Louis Smadbeck Memorial Broker Recognition Award for outstanding service to and accomplishment in the industry.

Mr. Fox is well-known and highly respected throughout the industry for his market savvy, on-the-ground knowledge of the city and its neighborhoods, and talent as a real estate matchmaker. He has served as leasing agent for scores of high profile owners and tenants over the last thirty years and has been responsible for some of New York’s largest and most important transactions, not only delivering value to his clients but transforming neighborhoods.

Mr. Fox’s ability – described as “uncanny” by other experts in retail real estate – to identify trends in retailing and anticipate emerging neighborhoods has made him an invaluable representative for owners, for whom he provides comprehensive services.

For example, he secured AMC Movie Theaters as an anchor tenant on West 42nd Street, a 180,000 square foot transaction that served as the catalyst for further development along West 42nd Street and led to the creation of the “new” Times Square. Additionally, Mr. Fox was the leasing agent for Harlem USA, a 275,000 square foot retail and entertainment development on West 125th Street, featuring tenants such as The Disney Store, Old Navy Clothing, and Sony/Magic Johnson Theatres.

In addition to his tenant and owner/developer representation, Mr. Fox is much sought-after as a paid consultant and advisor, particularly for public/private partnerships.

Well-known for his business and management talents, Mr. Fox has been singled out by his peers and the news media for his successes in building companies and elevating retail real estate brokerage to a high level of integrity, professionalism, and profitability. Brought to Winick specifically to transform that company internally, he is considered a highly skilled and dedicated mentor, a role he believes is essential in building a strong company. Mr. Fox emphasizes inter-office cooperation over competition as the driver for growth and places straightforwardness and trust at the foundation of all relationships.

Mr. Fox serves as Member, REBNY Board of its Governors; former Member, Board of Directors; Co-Chair, Seminar Committee on Domestic and International Affairs; and Member and Program Chair, Store Brokers Committee. Mr. Fox is also a major expert source for retail real estate and urban affairs reporters and editors, who value both his up-to-the-minute command of issues and trends and the clarity and incisiveness of his comments.

Mr. Fox can be reached in the Manhattan office at 212.696.2500.


Affiliations

  • Real Estate Board of New York – Member, Board of Governors
  • Real Estate Board of New York – Member and Program Chair, Store Brokers Committee
  • Real Estate Board of New York – Former Member, Board of Directors
  • Real Estate Board of New York – Co-Chair, Seminar Committee on Domestic and International Affairs

Articles

    Tourism Is Key To NYC Retail
    5.12.2011
    In general terms there is no question that retail rents in Manhattan have moderated somewhat over the last couple of years in response to the economic downturn. On the other hand, rents in certain high traffic retail corridors have not decreased all that much and in some cases have even risen during this period. Why is this happening? Why are all these stores flourishing? Have New Yorkers all of a sudden found spare cash in their pockets while the rest of the country is still struggling? Three questions, one answer: tourism.View Article