Andrew Schulman
Principal, Capricorn Asset Management
New York, NY 10010
Phone (212) 222-5722
Property Types
Office, Retail, Multi-Family
Markets
Long Island (New York), New York City
Languages
English
Bio
Andrew Schulman is a Principal of Capricorn and oversees our High Street and Project Leasing division. He is an industry veteran with over 35 years of shopping center leasing experience with national and international developers including Westfield, Inc., Thor Equities and the UK based McArthurGlen Group. He has leased every retail asset class including strip malls, high street locations, super regional malls and designer outlet centers located in major cities in The US, Puerto Rico, Canada and Mexico. In his career, Andrew has negotiated over 2,500 leases valued at over $800mm.
Previously, Mr. Schulman served as Sr. VP/Head of Leasing in North America for McArthurGlen Group, Europe’s largest developer of designer outlets and now Simon Property Group’s European outlet partner. He was responsible for overseeing the leasing of a 243,000sf ground-up development located in Vancouver, BC. McArthurGlen Designer Outlet Vancouver opened in July, 2015 and and is the highest performing outlet in Canada on a psf foot basis and was voted Best New Outlet Center at the Mapic Conference in Cannes, France. Andrew negotiated leases with over 70 national and international retailers, merchandised from moderate to luxury, and took this project from inception to opening.
In 2003, Andrew was hired by NY developer Thor Equities, as Executive Vice President of Leasing, responsible for overseeing all aspects of leasing for their entire portfolio which included high street and big box locations on 5th Avenue; in Soho; Miami, Los Angeles; San Francisco and Mexico City. Additionally, Andrew supervised the expansion and renovation of 5 enclosed regional malls adding new department stores, big box retailers and specialty stores. Over the course of his 10 years at Thor, he negotiated leases with high-end brands such as Ferragamo and Corneliani as well as other retailers including J. Crew, Aldo, Banana Republic, Marshalls, Target, Macy’s and All Saints. Mr. Schulman also served on the Thor Acquisition Committee reviewing the potential acquisition of properties, providing analysis of current market rents, re-merchandising and all other aspects of due diligence. Andrew participated in the acquisition of over 20 properties seeing Thor’s growth from under 1 million square feet to over 15 million square feet.
As Vice President of Leasing for Westfield, Inc., Mr. Schulman was responsible for overseeing the leasing of such prominent properties as Garden State Plaza in Paramus, NJ; Trumbull Shopping Park in Trumbull, CT; Meriden Square Mall in Meridan, CT; Connecticut Post Mall in Milford, CT; and South Shore Mall in Bayshore, NY. In his 12 years at the company, Mr Schulman negotiated leases with retailers such as Armani, Louis Vuitton, Coach, Sephora, Ann Taylor, Victoria’s Secret, Abercrombie & Fitch, F21, Disney, Steve Madden, Williams-Sonoma and many others. He oversaw the leasing of over 10 renovations and expansions which included food courts, kiosks and pad sites as well. Andrew was Westfield’s highest producing leasing representative when he left in 2003.
Andrew is a graduate of the University of Michigan and a long time member of The International Council of Shopping Centers.
Education
