Two former lynchpins in Cresa’s greater Philadelphia operations have left the firm in recent months for jobs outside of the commercial real estate brokerage sector.
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Former Northeast Region Managing Principal Tony Juliano left in October and became the head of regional and indirect sales at Leo, a West Chester-based suite of facilities maintenance providers backed by Orion Services Group and Alpine Investments.
Juliano became Cresa's Philly market leader in 2021 and was promoted last April to the role overseeing the Notheast region.
“It’s cordial,” Juliano said of the departure.
“It was a rapidly evolving environment,” he added.
His close friend Freddy Vallecillo left Cresa in November and is now chief strategy officer at GT Telecom, a cabling and electrical company based in Bucks County. This came after a four-year stint at Cresa, where he was promoted to managing principal in 2024 and led a team of five construction managers.
Their departures, which haven't been previously reported, came before Cresa named a new CEO earlier this month: Ray Anderson.
Juliano and Vallecillo believe they made big contributions to Cresa’s growth and that this work raised their profiles in the industry, making them attractive hires for their new employers.
The brokerage tripled its Philly growth over four years and was starting to make similar inroads in New York and New Jersey ahead of Juliano’s departure, he said.
“I still have a great relationship with those guys,” said Vallecillo, whose Cresa email remains active as he wraps up some outstanding work from his previous position.
“A big part of me struggled with leaving my team behind,” he added.
Vallecillo said Cresa was “definitely transitioning from the entrepreneurial mindset” that underpinned its rapid growth during his tenure and was beginning to put more structured processes in place.
Cresa hasn't announced a new Northeast region head. A spokesperson for the brokerage declined Bisnow’s request for comment.
Vallecillo and Juliano said they are enjoying their new roles.
Juliano arrived at Leo before it debuted a unified facility maintenance platform for office, retail and industrial owners nationwide earlier this month. Leo affiliates provide everything from janitors and handymen to landscaping and snow removal.
Juliano is leading a sales team and is focused in part on expanding the company’s presence beyond its strongholds in the mid-Atlantic, Southeast and Dallas-Fort Worth Metroplex.
His years of CRE experience, which also included tenures with JLL and Liberty Property Trust, left Juliano with a strong understanding of Leo’s client base.
His new employer’s appeal to property owners is that they can tap one company for all their maintenance needs instead of independently procuring an array of providers, Juliano said.
“It’s really still about selling services and solutions to problems, which is not dissimilar from the brokerage world,” he said.
Vallecillo is busy learning everything he can about GT and electrical contracting as he pushes to expand his new employer’s established profile in greater Philadelphia and beyond.
Much of that work is centered on bridging the gap between the corporate real estate world, which Vallecillo came to understand well during his nearly seven-year tenure at Chubb.
“I also come from the end-user world, so I also know how an owner thinks,” he said.
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