BALTIMORE, May 16, 2017 /PRNewswire/ -- KLNB today announced Marc Menick will be the firm's new president and COO, effective June 12, 2017. He succeeds Andrew J. Georgelakos who served 17 years as KLNB's managing partner and who will retire June 30, 2017. As president and COO, Menick will be responsible for all of KLNB's operations, including tenant and landlord representation, leasing, investment sales, property management, financing, and appraisal and valuation services.
"We are fortunate that Marc is joining KLNB and I'm happy to step into my retirement knowing that his capable hands will be taking the reigns," said Georgelakos. "Marc has a strong reputation of integrity in the marketplace, he knows the dynamics of the Washington-Baltimore real estate market and he's a collaborator who will not only help our team perpetuate the initiatives we've already put in place but also come up with new initiatives that will lead KLNB into the next phase of business growth. As I've said before, the success of KLNB is fueled by our employees who own the company. Marc understands that core value and its importance to our advancement."
Menick will join KLNB after 19 years with Peterson Companies, where he most recently served as vice president of retail leasing. There, Menick oversaw all facets of the retail, dining and entertainment leasing for the company's six million-square-foot portfolio. Some of Menick's most notable contributions during his tenure at Peterson Companies include the leasing and merchandising efforts on some of the region's most prominent retail projects, including National Harbor, Fairfax Corner, the RIO Washingtonian Center, Downtown Silver Spring, Virginia Gateway and numerous others.
During his time at Peterson Companies, Menick partnered with KLNB on dozens of deals. "KLNB always rises to the top," he said. "They're a talented group of brokers who are extremely well respected in our industry. Much like Peterson Companies, KLNB is a family. I'm honored and enthused to join this new family. I'm also incredibly thankful to Peterson Companies for 19 exceptional years and I look forward to continuing our work together for years to come."
He continued, "While I will be ceasing work as a representative for an owner and developer, joining the KLNB team as president and COO is providing me the tremendous opportunity to take an existing leader in the industry and find new ways to make it even better. 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."
Michael Patz, a principal and broker at KLNB who is the head of the succession committee that selected Menick, commented, "We did an exhaustive search for our firm's new president, vetting over 50 candidates. It was purposefully a very in-depth, long and meaningful process and especially important as we approach our 50th anniversary year in 2018. With Marc at the helm, we're confident in continuing KLNB's growth and success across all disciplines. He's the right leader to take us into the next 50 years."
Menick is a native to the Washington, D.C. metro area, growing up in Prince George's County, Md. and then Montgomery County, Md. before graduating from the University of Maryland Robert H. Smith School of Business. Menick lives in Potomac, Md. with his wife and two young boys.
KLNB is a leading provider of commercial real estate services throughout the mid-Atlantic region. A full-service commercial brokerage and real estate services firm, KLNB provides a variety of services including tenant and landlord representation, leasing, investment sales, property management, financing, and appraisal & valuation services. Headquartered in Maryland, close to 80 full-time brokerage professionals work across KLNB's five full-service offices located in Washington, D.C., Tysons and Dulles, Va.; and Columbia and Towson, Md.
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