Capital Markets Team

Delivering top results

Our team
Jeff Black
Executive Vice President

Jeff Black is an Executive Vice President and Partner on the Institutional Debt & Equity team for Colliers | Boston, one of the largest structured finance platforms in New England. His responsibilities include advising investors, developers, and landlords across the full spectrum of commercial real estate debt and equity transactions. In all, he and his team are responsible for capitalizing upwards of $1.5 billion annually of office, industrial/flex, retail and multi-family investment properties in the northeast United States.

Mr. Black's extensive clientele has included some of the region's most recognized real estate owners including AmCap Incorporated, Boston Properties, The Carlyle Group, CrossHarbor Capital Partners, Forest City, Nordblom Company, Post Road Residential, Rockpoint Group, Synergy Investments, and Trammell Crow Residential, among many others. Representative assignments include 100 High Street ($207.8MM Acquisition Financing), Pioneer Apartments ($90MM JV Equity & Construction Financing), The BEAT (Boston Globe) ($75MM Acquisition Financing), and 40 Lansdowne Street at University Park @ MIT ($65MM Leasehold Refinancing).  

Mr. Black was the #1 Debt & Equity Producer in the US in 2018 and is a perennial member of the Colliers International Everest Club, which recognizes top producers among the top 10 percent of Colliers brokerage, valuation and Corporate Solutions professionals across the Americas who demonstrate a dedication to service excellence, building longstanding and valued client relationships.

During his 13-year tenure with Colliers | Boston, Mr. Black’s industry successes have been recognized in the form of numerous awards and accolades from leading commercial real estate industry publications and organizations. In 2019, he was recognized as one of Real Estate Forum's Influcencers in Finance. Jeff has also been recognized as one of Real Estate Forum’s “50 Under 40” (2016) and was named a “New Leader” by Banker & Tradesman.

Mr. Black is a 2006 graduate of Providence College, where he received a Bachelor of Business Administration degree. He resides in Hingham, Massachusetts, with his wife Lauren and their daughter, Sienna.

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Patrick Boyle
Broker Associate

Mr. Boyle joined Colliers International in 2015 as part of the Capital Markets group.  Mr. Boyle’s responsibilities include sourcing, underwriting and originating debt and equity opportunities across all asset types, preparing offering documents, and working with clients and capital sources to arrange permanent, construction, bridge, mezzanine and equity funding. Throughout his career, Mr. Boyle has closed over $2.0 billion of commercial real estate debt transactions across all asset types including office, multifamily, hotel, industrial, retail, mixed-use and condominium projects.

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John Broderick
Senior Vice President

John Broderick joined Colliers International in 2003 as part of the Capital Markets group. John is involved in all aspects of real estate finance, including permanent, development, mezzanine, joint venture and equity placements. John has originated and closed in excess of $2.5 billion in debt and equity transactions since joining the firm.


Prior to joining Colliers International, John worked at Fantini & Gorga. Mr. Broderick earned his Bachelor of Science degree in finance at Bentley College.

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Sean Burke
Broker Associate

Since joining in 2015, I have worked on the Capital Markets | Debt and Equity team for Colliers International | Boston, one of the largest structured finance platforms in New England. I specialize in planning, advising, and execution of client capitalization strategies for all asset types. Leveraging an extensive network of capital sources, I have closed over $800 million in permanent, construction, bridge, mezzanine and joint venture equity funding.

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Jonathan Bryant
Assistant Vice President

Jonathan Bryant serves as an Assistant Vice President for the Multi-Family Investment  Group. In this capacity, Mr. Bryant is responsible for the execution of acquisition, disposition, and joint venture investment strategies in the Greater Boston area.

Prior to joining Colliers International, Mr. Bryant served as analyst at Boston Realty Advisors where he assisted the Capital Markets team with financial analysis, valuation, and coordination of due diligence materials.

Mr. Bryant has been involved in over 60 transactions with an aggregate value in excess of $1 Billion.

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Maggie Collins
Senior Marketing Specialist

Maggie Collins joined Colliers International in 2016 and serves as the Sr. Client Services Specialist for the Multi-Family Advisory Group.

In this capacity, Ms. Collins is responsible for presentation and document preparation, marketing and proposal production, project research, sale comps, database tracking, and correspondence monitoring.

Prior to joining Colliers, Ms. Collins served as brokerage coordinator at Boston Realty Advisors where she was responsible for coordination of brokerage activities & marketing distribution for the Multi-Family Advisory Group.  Ms. Collins also served as senior membership & events coordinator at the Greater Boston Real Estate Board, focusing on membership & events coordination for two commercial real estate associations.

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Adam Coppola
Senior Vice President

Adam Coppola joined Colliers International in 2004 as an analyst in the firm’s Capital Markets group. He is involved in the analysis, underwriting and placement of commercial mortgage loans on office, industrial, retail and multifamily residential properties with life insurance companies, CMBS lenders (conduits), credit companies, banks and other lending institutions. Adam works closely with clients and capital sources in arranging permanent, construction, bridge, mezzanine and equity funding. Prior to joining Colliers International, Adam spent four years as a senior fund accountant with State Street Corporation in Boston.

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John Flaherty
Broker Associate

After graduating from Merrimack College in 2016, I joined Colliers International Boston as an intern with the Urban Brokerage leasing team. Based on strong performance in that role, I was hired shortly thereafter and devoted most of my time representing tenants throughout the Boston and Cambridge markets. My time with the Urban Brokerage team helped me build a strong foundation and understanding of the complexity of the Boston marketplace as well as the commercial real estate industry as whole. In 2018, I transitioned from the leasing arena to the investment sales side of the business with a focus on the disposition of multi-family assets in and around Greater Boston.

As a member of the Multi-Family Advisory Group, I work with a variety of clients, including national developers, high net worth family businesses, and local owners and operators. No matter who our team is representing, we strive to provide our clients with the highest level of customer service, from valuation, through the marketing process, and up to and beyond the successful disposition of the asset.

Outside of the office, I enjoy golf, basketball, spending time on Cape Cod, and of course, rooting for our local Boston sports teams.

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Stephen Horan
Senior Vice President
Stephen Horan joined Colliers International in 1975 in the Valuation & Advisory Services group. For two years, Steve conducted analyses of industrial, educational, retail and residential properties. He then spent five years in the Brokerage group, handling the leasing and sale of office, industrial and institutional properties. In 1982, Steve joined the Capital Markets group where he now specializes in placing debt and equity in commercial and residential real estate.Steve  is a senior vice president and a shareholder in the firm.
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Caleb Hudak
Senior Vice President

As Senior Vice President on the Capital Markets Team, I provide service to a diverse mix of developers, landlords and investors in the Greater Boston market. Working on their behalf in the disposition and/or acquisition of office, flex and industrial properties, I approach each assignment by putting myself in the position of the client and advise accordingly. I believe that understanding all of the sides to a transaction and shifting the focus from transaction-centric to business decision-centric has resulted in much stronger and more meaningful client relationships, rooted in honesty and loyalty.

My exposure to and interest in real estate began immediately after graduating from Tufts University, when I was hired by another real estate brokerage firm to focus on the Route 128 leasing market, specifically the central Mass Pike territories in and around Waltham. After learning the business and spending time in the market, I could identify the aspects that most interested me and that could offer meaningful opportunities for my career long term. I knew that I enjoyed having the foundation of traditional leasing as my day-to-day activities but was simultaneously intrigued and motivated by creative sale and redevelopment opportunities. In an effort to find that along with the necessary work-life balance, I made the move to Colliers International and transitioned from the well-established and more institutional central 128 market to the south and west markets. This territory offered a unique diversity of assignments, affording me more exposure to different building types, distinct industries and clients, and often unveiling those opportunities for creative repositioning, be it through a redevelopment or sale that had piqued my interest early on. This prior experience has provided an ideal foundation for my most recent transition to the investment sales side of the business.

Though real estate has certainly taken shape in my life as much more than just a nine-to-five job, I do make time for the activities that I find most fulfilling, such as skiing, going to concerts, and especially spending time with my wife and four children.

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Jared Lebowitz
Analyst, Debt & Equity Capital Markets

As a Debt & Equity Analyst for the Capital Markets group at Colliers International Boston, I have the pleasure of working with some of the most talented people within the greater Boston commercial real estate industry. As an analyst, my primary responsibility is to support other members of the Capital Markets group in the modeling, presentation, and execution of capital strategies so they can, in turn, maximize our clients’ satisfaction with our services. The transactional-based nature of our business requires detailed expertise and nimble solutions, and the excitement of successfully executing a strategically beneficial deal for our clients is a prospect that motivates both me and the Capital Markets team.

I joined Colliers International a year after graduating from Middlebury College in Vermont, during which I interned with two different commercial real estate asset management companies. The first was Legacy Real Estate Ventures, LLC in Waltham, which specialized in Class B office/industrial space spread throughout the greater Boston area. The second was AEW Capital Management, LP in Boston, an institutional asset manager with a global portfolio, wholly owned by the French bank Natixis. I became familiar with a broad range of commercial real estate investments within these two roles and was excited to join the fast-paced transactional environment at Colliers.

Prior to transferring to Middlebury, I played football at University of Nevada Las Vegas (UNLV) for two seasons before seeking a more demanding academic setting. In my spare time, I am an avid skier, chess player, golfer, and cook.

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Bruce Lusa
Vice President

Mr. Lusa joined Colliers International in 2018 and serves as the Vice President of the Multifamily Investment Sales team. In this capacity, he specializes in the valuation, marketing and sale of multifamily investment, land and development properties throughout New England.

Prior to joining Colliers, Bruce focused on the sale of commercial property, including office, industrial, shopping centers, urban retail and land sites in New England, while a Vice President on the Capital Markets team at CBRE/New England. 

Prior to rejoining CBRE/New England in 2012, Bruce served in acquisition and asset management roles with Northland Investment Corporation, a private real estate equity firm, and Heritage Property Investment Trust (NYSE: HTG), one of the nation's largest shopping center REITs.

Bruce began his career in 2001 at CBRE/New England as a member of the Retail Investment Sales team assisting in the sale of retail properties of all types, including institutional, private capital, shopping centers, mixed-use, malls and high street retail.

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Frank Petz
Managing Director Investment Sales

Mr. Petz joined Colliers International in 2019 and serves as managing director of investment sales within the Capital Markets team. He brings with him deep experience in the disposition of core trophy assets, as well as a diverse mix of urban/suburban, office, industrial, life science, and land development assets.

Immediately prior to joining Colliers, Mr. Petz led the growth of JLL’s overall capital markets business in New England. Prior to JLL, he served as director of capital markets activity at both Eastdil and CBRE, and ultimately built his capital markets foundation on the buy-side at AEW Capital Management for the first 15 years of his career.



  • 131 Dartmouth Street, Boston | $315M
  • 18 Tremont Street, Boston | $103M
  • Ballardvale Office Park, Wilmington | $86M
  • 99 Bedford Street, Boston | $51M


  • FedEx, Boylston, MA | $94M
  • Franklin Light Industrial Portfolio | $77M
  • Boston Business Industrial Park | $64M
  • Clarion Distribution, Bridgewater | $28M


  • Hayden Research Park, Lexington | $245M
  • Hartwell Innovation Campus, Lexington | $228M
  • 27 Drydock Avenue, Boston | $147M
  • Blackstone Science Square, Cambridge | $80M


  • NorthPoint/Cambridge Crossing, Cambridge/Somerville | $295M
  • Gillette/Channelside, Boston | $218M
  • Suffolk Beacon Hill, Boston | $58M
  • Portland Gateway, Portland, ME | $21M


  • 125 Summer/745 Atlantic, Boston | $392M
  • Fenway Centre Development, Boston | $260M
  • Gutierrez Industrial Development, Northborough | $82M
  • Novaya high-bay distribution, Industrial Portfolio | $73M


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Kevin Phelan

Mr. Phelan is co-chairman of Colliers International’s Boston office, a full-service commercial real estate firm providing Brokerage, Development & Consulting Services, Valuation & Advisory Services, Capital Markets, and Real Estate Management Services to a broad range for clients.  Mr. Phelan joined the firm in 1978 to create the Capital Markets group, which is now one of the two largest in the region.  He was appointed president in 2007 and then co-chairman in 2010.  Over the course of his career, Mr. Phelan has been involved in several billion dollars in financings across the United States, representing all property types.

The Capital Markets group represents nearly 20 institutions as their New England correspondent. Additionally, the Capital Markets group maintains a servicing portfolio valued in excess of $1 billion.

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John Poole
Senior Financial Analyst

Mr. Poole joined Colliers International in 2015 as an associate in the firm’s Capital Markets group. He works closely with Investment Sales, Multi-Family Advisory, and Debt & Equity specialists. Mr. Poole manages the Capital Markets analyst pool responsible for the analysis, underwriting, and content creation for the group’s offering memorandums.

Prior to joining Colliers International, Mr. Poole spent two years as a commercial real estate appraiser with Keystone Consulting Group in North Attleboro.

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Lynn Scarbo
Senior Vice President

As head of Mortgage Servicing for the Boston Capital Markets team, I handle all aspects of loan servicing for our clients, which includes collections, borrower requests, property inspections, and fiscal year-end analysis.  What I enjoy most about my role is that no two days are alike. My position allows me the opportunity to development relationships with lenders, borrowers, analysts, property managers and accountants to name a few. As the saying goes, “the devil is in the details”, and I enjoy digging in to provide thorough reporting.

Prior to joining the Capital Markets team in 2006, I was a property manager for Meredith & Grew (now Colliers International) with a 22-year career in the industry.  My experience as a property manager segued nicely into my current role as a loan servicer since I possessed all of the fundamental skills to perform my new role.

While I like the changing New England seasons, my favorite season of the year is summer.  If I am not at the office, you can find me at the beach, swimming, kayaking and relaxing.  I have a fondness for Welfleet and the Jersey Shore, particularly Long Beach Island where the water is warm, and the waves are big.  LBI is my go-to destination for friends and family vacations.

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Christopher Sower
Senior Vice President

Christopher Sower joined Colliers International in 2016 and serves as the Senior Vice President for the Multi-Family Advisory Group. In this capacity, Mr. Sower is dedicated to the creation and execution of acquisition and disposition strategies, and joint venture opportunities in middle-market multi-family investments on behalf of clients throughout the Northeast.

Prior to joining Colliers, Mr. Sower served as Managing Director & Senior Partner at Boston Realty Advisors, where he focused on the valuation, marketing, and sale of multi-housing properties throughout the Northeast.

Mr. Sower has also held positions at Cushman & Wakefield, CB Richard Ellis | New England, and Boardwalk Properties.

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Thomas Welch
Senior Vice President

Thomas Welch joined Colliers International’s Capital Markets group in 1998.  He is a senior vice president and a shareholder of the firm, specializing in up front consulting and planning for client capitalization strategies and “hands-on” package-to-close execution of debt and equity financings.  Tom has participated in transactions totaling over $3 billion.

Prior to joining Colliers International, Tom was employed by Kirk & Company as a commercial real estate appraiser and David A. Welch Custom Built Homes, a developer of single-family homes.

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