SquareFoot Announces Appointment of Michael Colacino, Commercial Real Estate Veteran, as President

SquareFoot, a new kind of commercial real estate company, today announced that Michael Colacino has joined in the role of president - a first for the company. Colacino previously served as president of Savills from 2002 to 2018 and was instrumental in a 2014 merger that led to the formation of real estate powerhouse Savills Studley. The news comes mere weeks after SquareFoot's recent announcement of a $16 million Series B financing round that will go toward further investments in technology, marketing, personnel, and new market expansion. SquareFoot has completed over 1,200 deals to date and has doubled its revenue each of the past two years. Initially approached to be a strategic adviser as part of SquareFoot's financing round, Colacino suggested that he could offer greater value in a more formal position by shepherding the next stage of growth for the business.