BGC Partners Inc. has acquired Smith Mack. The acquisition of Smith Mack, a partner of Newmark Grubb Knight Frank (NGKF) since 2009, enhances NGKF's dominance in the region. Financial details of the transaction were not disclosed.

Smith Mack's founding partners Sidney (Sid) Smith, Jeff Mack and Reid Blynn have been named executive managing directors of Newmark Grubb Knight Frank. The team will be accompanied by virtually all of Smith Mack's existing brokerage and advisory professionals who will occupy offices in downtown Philadelphia; Wayne, Pa.; Wilmington, Del.; and Marlton, N.J., with the NGKF professionals. The Philadelphia region of NGKF is managed by industry veteran J. Robert Clements, executive vice president and managing director. Mr. Clements, alongside the Smith Mack partners and the legacy Grubb team are eager to embark upon the next phase of growth and consolidate their hold as a dominant player in the greater Philadelphia market.