Mack-Cali strengthens management team

Mack-Cali Realty Corp. recently announced changes to its executive management team.

David J. Smetana has been named chief financial officer and Nicholas Hilton was named executive vice president of leasing.

Smetana will begin his role once Anthony Krug, the Jersey City-based firm’s current CFO, departs to pursue other opportunities. Krug will continue to serve as CFO during the transition period in the first quarter of 2018. Hilton will assume his role in February. Chris DeLorenzo, the current EVP of leasing, also will 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 20 years of (real estate investment trust) experience, and we believe that he will bring significant experience and leadership in his new role as chief financial 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,” said Michael J. DeMarco, Mack-Cali’s CEO.

Smetana has more than 20 years of experience in real estate. Most recently, he was managing director and REIT securities analyst on Morgan Stanley Investment Management Global REIT Securities team from 2001 to 2017. He was a REIT investment banker at Morgan Stanley.

Hilton was most recently senior vice president at CBRE.