The Niki Group Moves On

Original Founder Peter Zarcades and Managing Partner David Trakman Take Niki To New Heights

Niki Developments was founded by Peter Zarcades in 1979. The company expanded, and in partnership with United Midtown Properties formed The Midtown Niki Group. Over the last 35 years, the group built up its single-tenant portfolio, focusing on build to suits and sale-leasebacks with national and regional tenants ranging from fast food restaurants to drugstores. The group continued to expand and began developing joint venture relationships – providing equity to developers for grocery anchored centers, hotels and value add opportunities. After many successful years together, the companies now pursue separate futures – as The Niki Group moves on from Midtown.

We are enthusiastic about the future and our continued relationship with each of you. You have come to know us and the way we work through Midtown. As we move ahead, we strive to be even more active in the market, with an even greater ability to provide simple and effective deal structuring. We continue to invest in all areas of real estate, development projects and tenant industries.

We look forward to a great finish to 2015 and an even more exciting 2016.