Who

Our founder, Ted Frumkin is a strategic, well connected real estate professional with 40+ years of experience in strategic market planning, new store development, construction project management, procurement, property management, and financial analysis. Ted is a results-oriented leader with a strong background in leading diverse teams resulting in over 900 new stores across the United States providing over $1 billion in EBDITDA. He is recognized within the industry for a collaborative leadership style, proactive approach, and keen ability to translate complex strategies into executable plans. Ted is a proven leader with a strong executive presence, capable of blending big picture viewpoints with tactical considerations to inspire, build trust, and achieve record growth for his clients.

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We know that finding the right consultant to help take your real estate strategic planning and execution is a choice not to be taken lightly. That’s why we offer free consultations to understand your needs and the scope of your goals.

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Professionals

president/ceo

Ted Frumkin

My dad was finding sites for corporations when I was four years old. I guess it stuck.

I’ve spent my career in-house, building and running real estate and development teams for Taco Bell, Rubio’s Coastal Grill, Office Depot, Staples, Walmart, Sprouts Farmers Market, The Fresh Market, Cardenas Markets and Heritage Grocers Group. Along the way my teams opened more than 900 locations and closed at least one deal in all 50 states.

A few highlights:

• Sprouts Farmers Market (2012 to 2020): As Chief Development Officer, built the development function from the ground up and added 239 stores during the company’s biggest growth years.

• The Fresh Market (2021 to 2022): Rebuilt the real estate team and site process. The pipeline and white space strategy was presented to Cencosud during acquisition diligence.

• Cardenas Markets and Heritage Grocers Group: Built a customer-profile-driven site strategy and a national white space plan.

• Staples: Personally completed 159 openings and $3.2M in rent savings through lease restructuring.

• Rubio’s Coastal Grill (1996 to 2001): Built the development team and process, opening 120 restaurants.

• Walmart: Sold 43 properties and subleased more than 500,000 square feet.

In 2020, I started TBF to bring that in-house experience to growing brands, private equity portfolios, REITs and developers. Today I’m helping Action, the European discount retailer, enter the U.S. market, and advising companies from Groundworks to national grocers.