REBNY winner Patrick Smith leaves SRS Real Estate for JLL

Hire is first of several to come as firm increases retail presence

New York /
Oct.October 26, 2015 05:25 PM

Veteran retail broker and past “Ingenious” award recipient Patrick Smith is departing SRS Real Estate Partners for suddenly retail-hungry JLL.

After more than 15 years with SRS, Smith will join JLL on Wednesday as vice chairman, the New York Observer reported.

“We’ve had a gap here,” Phil Palmer, director of office and retail brokerage in New York for JLL, told the newspaper. “Seven retail brokers is not a large team of retail brokers.”




Behind the story:
JLL

Palmer added that the firm is looking to hire five to 10 more retail brokers within the next 12 months. It’s not clear if Smith’s current clients, which include Duane Reade and Walgreens, will move to JLL with Smith.

Smith, along with SRS colleague Matt Ogle, took the second-place prize at the Real Estate Board of New York’s annual Ingenious Deal awards in the summer. The duo brokered a handful of deals that totaled 160,000 square feet of retail space at a trio of Equity Office Properties buildings near Bryant Park.

SRS Real Estate ranked 10th in The Real Deal’s analysis of Manhattan’s top retail brokerages in 2013, with 110,566 square feet worth of new leases or renewals signed. JLL did not make the list. [NYO]Rich Bockmann


Related Articles

arrow_forward_ios
Clockwise from top left: 312 West 34th Street, 61 North 9th Street, 639 Classon Avenue, and One Fulton Square (Credit: Google Maps)
These were the top 10 NYC retail leases in July
These were the top 10 NYC retail leases in July
Ricky's at 830 Broadway (Credit: NYC Go)
Ricky’s, iconic NYC beauty shop, faces
more closures
Ricky’s, iconic NYC beauty shop, faces
more closures
From top, clockwise: Cushman & Wakefield's Joanne Podell, Showfields' Amir Zwickel, Appear Here's Josh Yentob, Brookfield Properties's Mark Kostic (Credit: Getty, LinkedIn)
When it comes to retail, “real estate in New York is fundamentally broken”
When it comes to retail, “real estate in New York is fundamentally broken”
Donald Trump and Alex Adjmi (Photos via Getty; GOSO NYC)
Real estate investor Alex Adjmi receives presidential pardon
Real estate investor Alex Adjmi receives presidential pardon
Brock Emmetsberger and B6 CEO Paul Massey (Photos via JLL; Massey via Axel Dupeux)
Veteran broker Brock Emmetsberger joins B6
Veteran broker Brock Emmetsberger joins B6
JLL CEO Christian Ulbrich, Trump International Hotel in Washington DC and Donald Trump (Getty; Trump Hotels)
JLL backs out of selling Trump’s DC hotel
JLL backs out of selling Trump’s DC hotel
Clockwise from left: 475 Clermont Avenue, 5200 1st Avenue and 445 Albee Square West in Brooklyn (Google Maps; StreetEasy)
Here are Brooklyn’s top retail leases of 2020
Here are Brooklyn’s top retail leases of 2020
(Getty, iStock)
New York’s Covid-fueled retail apocalypse hits condo and co-op owners
New York’s Covid-fueled retail apocalypse hits condo and co-op owners
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...