Mr. Nitzberg specializes in providing brokerage and advisory services to the retail real estate industry with a special focus on urban retail projects. He enjoys extensive experience in the major retail markets throughout the country and a successful history advising tenants regarding expansion strategies. He has represented tenants and property owners in over two million square feet of retail projects on North Michigan Avenue, Oak Street, State Street and North/Clybourn markets.
Exclusive tenant clients have included Crate & Barrel, Victoria’s Secret, H&M Hennes & Mauritz, Columbia Sportswear, Zara, American Girl Place, Virgin Records, Nordstrom Rack, Container Store and Estee Lauder. Agency clients have included both institutional and family owners: Clarion Partners, Federal Realty, Grosvenor Americas, J.B. Realty, and Nuveen. Currently, Mr. Nitzberg serves as a Board advisor and Investor to Argo Tea, the dominant premium tea concept in the United States, headquartered in Chicago.
Mr. Nitzberg has managed multiple transactions involving North Michigan Avenue locations: 430, 444, 535, 540, 545, 555, 600, 605, 625, 645, 679, 700, 701, 717, 730, 830, 840 and 919 as well as Crate & Barrel, John Hancock Center, Loyola University, Westin Hotel and The Drake Hotel.
Mr. Nitzberg advised Smithfield Properties, the developer of State and Madison, State and Washington and both northern corners at State and Randolph, adding 200,000 square feet of new retail and 300 residential units to Chicago’s central business district.
Mr. Nitzberg is also recognized for the sale of investment retail real estate. He has been directly involved in the closing of more than $2.0 billion of retail investment sale transactions, including property on North Michigan Avenue and Oak Street.
Mr. Nitzberg has been a six-time recipient of the Chicago market Retail Broker of the Year award.
Prior to joining Mid-America, he successfully served as Chief Administrative Officer of Crate & Barrel. His accomplishments include the development of the Crate & Barrel flagship stores on Michigan Avenue and Madison Avenue as well as internal financial and operating advancements.
Mr. Nitzberg's experience also includes a nine-year career at The First National Bank of Chicago, where he was Division Head of the Retail Industry Lending Division.
Charitable activities (current and prior): Metropolitan YMCA of Chicago (Board of Managers, Executive Committee); Magnificent Mile Association (Board, Executive Committee); Chicago Loop Alliance (Board, Executive Committee); Lawson House YMCA (Board Chair); and The Magnificent Mile Charitable Foundation (Board Chair).
Education: University of North Carolina-Chapel Hill (MBA 1975-Honors) and the State University of New York at Albany (B.S. 1973- Magna Cum Laude). Adjunct Professor at DePaul University - Real Estate Center.