To the clients and friends of Summit:

By Dave

The WBJ story had some errors, inaccuracies and quotes taken out of context which we would like to clarify:

In late December 2012, the WBJ implied in a non-Summit specific story that one of our valued clients has ownership in Summit – completely untrue. Certain Summit members are the only shareholders / owners of the company
Summit’s commission revenue for 2012 was $5,833,123.41
This 2012 revenue was based upon completed leases with an aggregate value of $122,111,320.00 and completed sales with a value of $75,475,000.00
John Duffy and Paul DeFilippes started and founded Summit – along with Duke Brannock but did not “join up with Duke’s new venture later” as stated in the print edition article
Taken out of context and not reported correctly – Summit does not specialize in deals in the “7,000 to 12,000 rsf range” – the Principals of Summit have represented several different tenants / clients in numerous lease and sales transactions in the 40,000 to 250,000 rentable square foot range – as well as many small transactions.

In addition new team members to bolster Summit’s tenant representation squad include:

Jim Layton joined as Principal April 2012 – came over from Newmark Grubb Knight Frank
Wesley Herr joined as Principal August 2012 – came over from Newmark Grubb Knight Frank
Sean Balile joined as First Vice President October 2012 was formerly with The Meyer Group
Allan Willsey joined in September 2012 as Senior VP – 22 years experience – previously been affiliated with Shannon & Luchs Commercial, CB Richard Ellis, and most recently served as Regional Director with Los Angeles based SCI Real Estate Investments
Young rising stars include John Hannon Vice President and Scott Fetterolf Vice President

Thank you,

Paul DeFilippes
Managing Principal
SUMMIT Commercial Real Estate
1705 DeSales Street, NW
Suite 400
Washington DC, 20036

Summit Commercial Real Estate