Richard F. Smith, Jr.
Acquisitions, Sales and Leasing
Richard F. Smith, Jr., principal of Avir Realty Group, Inc. of Pennsylvania, has served multi-market corporate clients in the North American marketplace from a base in suburban Philadelphia for 17 years. Recently, Mr. Smith has represented national clients in 23 states with over one million SF of transactions.
Prior to forming Avir Realty Group of Pennsylvania, he spent 17 years as a top suburban broker beginning with the Jackson-Cross Company.
After achieving significant market share based on his production in the Philadelphia suburbs, Mr. Smith was promoted to Vice President in 1994.
In 1998 he received further recognition of his high level of production when Liberty Property Trust named him “Broker of the Year.”
Among his recent transactions is the sale of the 860,000 SF Honeywell Building, believed to be the largest single building transaction in the Philadelphia suburbs within recent memory.
Through his brokerage work, Mr. Smith has gained unique insight into building values which has enabled him to purchase a variety of buildings for Avir’s account. As he observes: “Who knows a better value in my market than me?”
A graduate of St. Joseph University, Mr. Smith holds real estate licenses in Pennsylvania and New Jersey, and he is a member of the Society of Industrial Realtors (SIOR) and the Urban Land Institute.
George Gowen went into the commercial real estate business in 1984, starting as an industrial sale and leasing broker at Jackson Cross Company. Since becoming a partner at Avir Corporation in the early 90’s, his roles have included acquisitions dispositions, analysis, debt origination and the full range of asset management, leasing and property management.
Ivan Stern founded Avir Corporation in 1967 to provide scientific and engineering consulting services to government and industry. Starting in 1973, he changed Avir’s focus to investment and development of commercial and residential real estate. Since then, the firm acquired and developed 22 properties for a total investment of $117 million.