Robert Khodadadian | Commercial Observer

Commercial real estate company Ripco has acquired Acre, a Miami-based retail brokerage, for an undisclosed amount.

Acre, led by Marty Arrivo and Aracibo Quintana, has represented big-name brands such as Nike, Lucid Motors, Lululemon and Starbucks, as well as Stephen Ross’s Related Companies at its The Square mixed-use development in Downtown West Palm Beach. In February, Acre represented H&M in its 25,000-square-foot lease at Brickell City Center.

“Join ing Ripco allows us to leverage their extensive back-end services and robust client base to elevate the retail environments we are passionate about creating,” Arrivo said in a statement.

The acquisition ups Ripco’s Miami headcount by four, bringing the total to 30 employees, starting Wednesday. Arrivo and Quintana will serve as executive vice presidents.

The Acre team’s “expertise and market credibility are unsurpassed. This acquisition marks a significant milestone in our strategy to compete for and secure the most prestigious leasing assignments in the market,” Ripco President Mark Kaplan said in a statement.

New York-based Ripco, whose clients have included Shake Shack, Chipotle, Aldi and Target, launched in Florida three years ago, opening offices in Miami and Tampa.

The deal also marks Ripco’s second in the past 12 months. In June, Ripco purchased restaurant brokerage Branded Concept Development, again for an undisclosed amount.

Julia Echikson can be reached at jechikson@commercialobserver.com.

Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.