BOSTON--(BUSINESS WIRE)--Cresa, the world’s largest corporate real estate advisory firm exclusively representing tenants, has announced that a new CEO and Chairman were recently elected by its Board of Directors at the firm’s annual meeting.
Richard M. Rhodes will serve as CEO while he continues as Managing Principal of the firm’s Washington, DC, office. Rhodes, Cresa’s Chairman since 2013, succeeds Jim Leslie, former President of the Staubach Company, who had served as the firm’s CEO since 2012.
Matthew Feeney, the firm’s new Chairman, continues as Managing Principal at Cresa Philadelphia. He was formerly Vice Chairman of the Board.
Joining Rhodes and Feeney on the Executive Committee are the firm’s re-elected Vice Chairman, Matthew Miller, Managing Principal of Cresa Los Angeles, and Judi Hilton, who was named Chief Operating Officer and is based at the firm’s corporate office in Boston. The Executive Committee collectively manages the firm and provides stability and continuity as Cresa has maintained its independence and expanded over the years.
Other newly elected members of the Board are Brant Bryan, Principal of Cresa Capital Markets in Dallas; Bill Lichwalla, CPA, Managing Principal, Cresa Detroit; and Jeff Manley, Principal, Cresa Orange County.
The team plans to accelerate the firm’s dramatic recent success, projecting 20% growth in personnel and revenue over the next five years.
“Rich, Matt, and Matthew are the logical choices to take us to the next level,” said Bill Goade, who co-founded Cresa in 1993 and continues as an advisor to the Board. “They have been with Cresa since our inception, have terrific track records, and are passionate client advocates who exemplify Cresa’s values, including our collaborative culture and philosophy to ‘do the right thing.’”
“This is a wonderful opportunity to further Cresa’s niche as the largest tenant/occupier-only real estate advisory firm,” said Rhodes. “Our non-biased, integrated approach continues to gain traction nationally and globally, and we are poised to build on our momentum and serve the interests of more clients.”
Feeney said Cresa’s success is tied to hiring the industry’s “best and brightest” who are attracted to the firm’s independence, equity-sharing model, strong financial stability, and collaborative culture.
Last year, the most successful in the firm’s history, Cresa opened offices in London, Brussels, and Amsterdam. This spring, Cresa aims to open eight new offices in Europe, Asia, Australia, and New Zealand.
