Newswire Agents of Tech

SquareFoot Appoints Colacino as CEO

Michael Colacino (Photo courtesy of SquareFoot)

SquareFoot, the tech-based commercial real estate brokerage and marketplace, has appointed Michael Colacino as chief executive officer. Colacino will take the helm from founder Jonathan Wasserstrum, who led the company for a decade.

Colacino joined SquareFoot in 2019 as president. Prior to SquareFoot, he served as president at Savills Studley, where he led and created teams doing large-scale tenant representation, capital markets and construction project management. He has more than three decades of experience in executing transactions, hiring and training brokers and bringing technology solutions into commercial real estate.

“I am excited to lead SquareFoot as CEO as we jump to the next level of scale and revenue,” Colacino said. “SquareFoot has a unique ability to aggregate tenant demand. Our position allows us to serve office space users as they adapt to the new world of office work.”

Colacino’s goals for SquareFoot are to enhance the user experience by evolving the platform and to recruit experienced brokers across the country. SquareFoot will employ the equity and debt capital recently raised to hire brokers who have a clear vision of the industry’s future.

“Michael is a highly-respected colleague I have long admired,” said SquareFoot Founder Jonathan Wasserstrum. “I can’t think of a better person to lead SquareFoot through its next phase of growth and pave the way for the future of commercial real estate.”

Wasserstrum will assume the role of chairman.