Leadership Changes at Marcus Partners
- Apr 07, 2016
By Keith Loria, Contributing Editor
Boston—Marcus Partners has bolstered its executive team with the promotions of Frank Wuest to the newly created role of company president, and Peter Cameron to the role of principal.
“Our company is in a great spot and we have a wonderful group of people, a number of whom have been working together for quite some time—they’re really creative, have strong integrity, and a really strong track record in investing,” Wuest told Commercial Property Executive. “My job is to help the company grow further and help us serve our investor clients. I’m looking forward to implementing our plan.”
Wuest, formerly a principal of the firm, was promoted after just a year on the job. He will continue leading the firm’s Boston-area efforts and will also share in overall firm management responsibilities and decision-making with Paul Marcus, Marcus Partners’ CEO.
“I had known Paul and a number of other principals for quite some time and that helped me make the initial decision to join Marcus Partners,” Wuest said. “I’ve been very fortunate in my career to work with great people, and I thought coming in, based on what I knew about the people, there was a strong skill-set and I have been even more impressed working with them day to day.”
A 30-year industry vet, Wuest has been responsible for the acquisition, development, sale or financing of more than $8 billion of real estate throughout his career. Previously, he held the title of president of the Boston office and Science and Technology Group of Forest City Enterprises, plus senior level positions at both AEW Capital Management and Copley Real Estate Advisors.
Cameron, formerly the firm’s senior vice president of asset management, will continue to oversee all of Marcus Partners’ Boston-area asset and property management efforts, while simultaneously contributing his considerable experience as a new member of the firm’s leadership team.
With the firm for eight years, Cameron previously served as project director at Corcoran Jennison and director of leasing and asset management at the Nelson Companies.
During his career, he has led the development and leasing of over 1.5 million square feet of office, laboratory, and residential property.
“I am delighted to welcome both Frank and Pete into their new, senior leadership roles,” Paul Marcus, Marcus Partners’ CEO, said in a prepared release. “Both are well-respected real estate industry veterans with broad skillsets, demonstrated leadership qualities, unwavering integrity, and steadfast commitment to serving the needs of our investors. They will both make significant contributions as we continue to grow Marcus Partners.”