JERSEY CITY, NJ—Mack-Cali Realty Corporation named David J. Smetana as chief financial officer and Nicholas Hilton as executive vice president of leasing.
Smetana, who was most recently a managing director and REIT securities analyst on Morgan Stanley Investment Management’s Global REIT Securities Team, will replace Anthony Krug, who will be leaving Mack-Cali to pursue other opportunities. Krug will continue to serve as chief financial officer during the transition period in the first quarter of 2018.
Hilton will replace Christopher DeLorenzo in the leasing role. DeLorenzo will also depart after a transition period.
“We are excited to add further depth to our executive management team. David’s extensive knowledge of the real estate industry includes over twenty years of REIT experience, and we believe that he will bring significant experience and leadership in his new role as chief financial officer,” says Michael J. DeMarco, Mack-Cali’s chief executive officer. “Nicholas, who we’ve had the opportunity to work with while he was at CBRE, is one of the most talented brokers I’ve had the pleasure of working with. He is extremely knowledgeable about the waterfront and the New Jersey office markets and will help lead and enhance our leasing efforts across all of our office markets as we work to increase occupancy.”
Smetana has more than 20 years of real estate experience across a variety of roles. He holds a bachelor of business administration degree in accounting from the University of Wisconsin-Madison and is a CPA in Virginia.
Hilton was most recently a senior vice president at CBRE, where he had worked for more than 13 years with firms like Mack-Cali, Bentall Kennedy, Royal Bank of Canada, Ernst & Young and The Boston Consulting Group. He holds a bachelor of arts in English from Rutgers University.
“I would like to thank Tony and Chris for their tremendous hard work and contributions to the strategic repositioning of Mack-Cali,” DeMarco says. “Our success to date has been a team effort in which they played an integral part. They will both remain not only colleagues but close friends, and I wish them all the best in their future endeavors.”