A leading Boston-based tenant advisory brokerage will be absorbed into Newmark’s brokerage empire after 32 years under its previous ownership.

President Bill McCall co-founded brokerage Leggat, McCall and Wener in 1965 and later teamed up with the late David Almy to start up McCall & Almy in 1990 to focus on tenant advisory services and brokerage.

“Newmark is the right fit – our decision was about being in the right place with the right people – in lockstep with our culture,” McCall said in a statement.

McCall & Almy has completed over 5,000 transactions totaling over $50 billion in value since 1990. After more than two decades at 1 Post Office Square, the firm relocated in 2019 to new offices at 100 Federal St.

In a statement, Newmark CEO Barry Gosin said the acquisition is part of Newmark’s strategy of expanding in key U.S. gateway cities.

McCall & Almy’s tenant representation practice is led by partners McCall, David Richardson, Garrett Larivee, Lenny Owens and Neil Schneider. The real estate advisory practice is led by Jim Canfield, Julie Gray and Sandy Tierney.

Investment bankers BellMark Partners represented McCall & Almy on the transaction, while Morgan, Lewis & Bockius LLP acted as legal counsel for McCall & Almy.

Newmark Buys Tenant Rep Brokerage McCall & Almy

by Steve Adams time to read: 1 min