PernaFrederick began in 2007 after Steve Perna and Matt Frederick launched the firm as a commercial real estate brokerage in Philadelphia. The company focuses on tenant representation, landlord representation, real estate investments, and consulting, with work centered on leasing, ownership, and investment assignments. PernaFrederick's business model emphasizes principal-to-principal brokerage relationships and personalized service for clients in the Philadelphia market and the surrounding region. The firm was formed by former Arden Group executives.