November 2, 2009
Wayne, PA: Smith Mack entered into a formal partnership with Newmark Knight Frank, bringing Smith Mack’s four-office, 55-person operation under Newmark Knight Frank’s global umbrella. Our name has changed, however our people, our focus and our commitment to our clients will only be strengthened with our new partnership. We will continue to provide the same service excellence that our clients have come to expect from Smith Mack and Co. over the past twenty-five years. While the company will be doing business as Newmark Knight Frank Smith Mack (NKFSM), the ownership will remain unchanged.
NKFSM is a regional commercial real estate firm operating in Center City, Philadelphia, Suburban Philadelphia, Wilmington, Delaware, and Southern New Jersey. Since its inception in 1984, Smith Mack has secured a leading position in the Greater Philadelphia commercial real estate market.
“Regional firms such as ours realize that in order to accommodate our larger global clients, it is important to be part of a worldwide platform that provides additional infrastructure and support,” said Reid Blynn, managing partner of Smith Mack and a significant member of the Greater Philadelphia commercial brokerage community for over twenty-five years. “As the fourth largest real estate services firm in the world, Newmark Knight Frank’s global expertise in brokerage, property and facilities management, project management, consulting, financing and investment sales is a perfect fit for our firm.”
“We will be able to leverage their vast resources,” said partner and co-founder Sidney V. Smith, Jr., a veteran of nearly three decades in the Philadelphia area commercial real estate market. “We are very excited to join Newmark Knight Frank.”
“We have worked together for years, and this partnership is a natural extension of our long-time relationship,” said Barry Gosin, chief executive officer of Newmark Knight Frank. “We have a very high regard for their professionalism and we will be able to leverage their knowledge of the market as well as their relationships.”
Founded in 1984, Smith Mack is a regional commercial real estate firm with offices in Center City Philadelphia, Suburban Philadelphia, Delaware and Southern New Jersey. A leader in the Greater Philadelphia Region’s commercial market, the firm’s services include tenant and owner representation, corporate real estate, property management, and investment sales. Other key executives of the firm include founding partner Jeffrey E. Mack and partners Neal F. Dangello, William (Wills) Elliman, Keri Lorenson, and James P. Mullarkey, Esq. Visit our website at www.NewmarkKFSM.com.
Newmark Knight Frank
Newmark Knight Frank is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark Knight Frank and London-based partner Knight Frank operate from over 200 offices in established and emerging property markets on six continents. Last year, transactions were valued at more than $32 billion with annual revenues of over $811 million. With a combined staff of more than 6,300, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For further information, visit www.newmarkkf.com.
Marlene K. Sahms
Director, Marketing Communications and Research