WASHINGTON, DC–Native Washingtonian Marc Menick is joining KLNB as the firm's new president and COO, effective June 12, 2017. He succeeds Andrew Georgelakos who has been KLNB's managing partner for 17 years. Georgelakos will retire June 30, 2017.
As president and COO, Menick will be responsible for KLNB's operations, including tenant and landlord representation, leasing, investment sales, property management, financing, and appraisal and valuation services.
Menick has spent the last 19 years with Peterson Cos., where he most recently was vice president of retail leasing. Some of Menick's most notable contributions during his tenure there include the leasing and merchandising efforts on the National Harbor, Fairfax Corner, the RIO Washingtonian Center, Downtown Silver Spring and Virginia Gateway.
KLNB vetted more than 50 candidates, according to Michael Patz, a principal and broker at KLNB who is the head of the succession committee that selected Menick. It was a very in-depth, long and meaningful process, he said.
Menick's new position is clearly a change for him — he is no longer working as a representative for developer — as he himself noted in his statement. But perhaps that is suitable for an industry that is undergoing new developments as well.
“Business is changing and the commercial real estate landscape is changing — adapting to those changes is crucial as we look to the future of KLNB and the industry as a whole,” he said.
WASHINGTON, DC–Native Washingtonian Marc Menick is joining KLNB as the firm's new president and COO, effective June 12, 2017. He succeeds Andrew Georgelakos who has been KLNB's managing partner for 17 years. Georgelakos will retire June 30, 2017.
As president and COO, Menick will be responsible for KLNB's operations, including tenant and landlord representation, leasing, investment sales, property management, financing, and appraisal and valuation services.
Menick has spent the last 19 years with Peterson Cos., where he most recently was vice president of retail leasing. Some of Menick's most notable contributions during his tenure there include the leasing and merchandising efforts on the National Harbor, Fairfax Corner, the RIO Washingtonian Center, Downtown Silver Spring and
KLNB vetted more than 50 candidates, according to Michael Patz, a principal and broker at KLNB who is the head of the succession committee that selected Menick. It was a very in-depth, long and meaningful process, he said.
Menick's new position is clearly a change for him — he is no longer working as a representative for developer — as he himself noted in his statement. But perhaps that is suitable for an industry that is undergoing new developments as well.
“Business is changing and the commercial real estate landscape is changing — adapting to those changes is crucial as we look to the future of KLNB and the industry as a whole,” he said.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
