Horvath & Tremblay Expands Again With Philly Acquisition

Horvath & Tremblay is adding another piece to its Northeast expansion.

The Boston-based investment sales firm acquired Philadelphia-based SCOPE Commercial Real Estate Services in a deal announced on Tuesday. The move brings SCOPE and its founder, Phil Sharrow, into Horvath & Tremblay’s national brokerage network.

Sharrow, who launched SCOPE in 2019 after leading Marcus & Millichap’s top-performing Philadelphia multifamily investment sales team, will help shape the firm’s Mid-Atlantic growth strategy as it expands deeper into Pennsylvania, South Jersey and Delaware.

The acquisition gives Horvath & Tremblay a dedicated Philadelphia office at 1650 Arch Street, extending a regional footprint that already includes New York, New Jersey and Washington, D.C.

For SCOPE, the move swaps an independent regional platform for access to a national investor network, centralized marketing, proprietary transaction data and expanded capital markets capabilities.

The boutique brokerage carved out a niche in middle-market multifamily, mixed-use and development deals.

The acquisition underscores the continued consolidation playing out across commercial brokerage as firms look to expand geographic reach and diversify service offerings while transaction volumes remain uneven. Rather than relying solely on organic hiring, many brokerages have turned to acquisitions of established local teams with deep client relationships to accelerate growth in strategic markets.

Horvath & Tremblay has been particularly aggressive on that front. The firm, headquartered in Boston, operates 17 offices nationwide with nearly 200 brokers and says it has completed more than 3,000 transactions totaling more than $10 billion.

Just last month, veteran broker Paul Massey sold his eight-year-old firm, B6 Real Estate Advisors, to the Boston-based brokerage. The deal came after B6 faced significant financial challenges, including tax liens and difficulty paying rent, which Massey attributed to New York’s rent law changes and market downturns, though he stated the company had stabilized prior to the acquisition.

While it built its name in investment sales across multifamily, retail and industrial properties, Horvath & Tremblay expanded into capital markets and appraisal services last year in an effort to become a full-service investment advisory platform.