PHILADELPHIA, PA – HFF announced today that it will expand its presence in the Mid-Atlantic states by opening its 22nd office in the U.S. in Philadelphia, Pennsylvania, with an immediate focus on investment sales, equity placement and debt placement.   
Day-to-day operations of the Philadelphia office will be led by Mark Thomson and Zachary Pierce, who will co-head the office as senior managing directors.   Senior managing director Mark Popovich, a member of HFF’s Leadership Team and the co-office head of the Pittsburgh office, will provide assistance and oversight to help strategically grow the Philadelphia office to encompass all of the firm’s lines of business and product specialties in order to better serve its existing and future clients.
Thomson and Pierce, formerly directors of Marcus & Millichap’s national multi-housing group, specialize in the sale of multi-housing assets in the Philadelphia MSA.  During the past 12 months, their group was the highest producing multi-housing team in the Mid-Atlantic region for Marcus & Millichap closing more than 3,000 multi-housing units.  Notable recent transactions include: the 641-unit Marquis Apartments in King of Prussia, PA; the 535-unit Colonade Apartments in Jenkintown, PA; and the 502-unit Charter Court Apartments in Philadelphia, which is under contract with a non-refundable deposit.
"We are extremely excited to begin the next chapter of our careers by leading the new Philadelphia office of HFF.  HFF has a truly unique culture, and its open platform of sharing information and resources is centered on putting the client’s interest first, which we believe sets it apart from other competitors in the market.  Its national fully integrated capital markets platform and unparalleled access to domestic and foreign capital sources will add tremendous value for our clients," said Thomson and Pierce.
Also joining Thomson and Pierce at HFF are Steve Rutman and Carl Fiebig, both former associates at Marcus & Millichap and Heather Pushinsky, the team’s marketing director.
“Over the years, we have consummated a number of high profile transactions in the Philadelphia market without having a physical office presence in the market.  Given our past successes in the market, as well as the fact it is one of the top 10 major MSA’s in the U.S., we had been actively seeking to open an office here since 2010.
The opening of the Philadelphia office follows a similar pattern of opening offices in other major markets, such as our San Francisco, Denver, Tampa, Austin and Orlando offices, where we had consummated high profile assignments for clients without a physical presence, and then opened an office after successfully recruiting individuals who had the best reputations in their respective markets, who exhibited great work ethic, and most importantly, ascribed to our culture of high integrity and always putting the client’s interest first.  Mark and Zac’s integrity, work ethic, reputations and experience in the Philadelphia market were what attracted us to them and led to the opening of HFF’s 22nd office in the U.S.,” said Mr. John H. Pelusi, Jr., executive managing director and managing member of HFF, and the CEO and Vice Chairman of HFF, Inc.
“We are excited about the opportunity to better serve our existing and future clients in the Mid-Atlantic region with Zac and Mark and the rest of their team, as well as the numerous future opportunities they will create with their physical presence in this market.  As with our recently opened offices in Denver, Austin, Tampa, and Orlando our goal is to strategically build-out the full platform of services and product specializations in our new Philadelphia office by hiring and retaining associates who have the highest ethical standards and the best reputation in the industry,” said senior managing director Mark Popovich.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.  For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.