CBRE has announced that Shane Stephens has joined the firm’s Retail Services Group in Phoenix, Ariz., as a vice president. Stephens, who is one of the top emerging retail professionals in the Phoenix commercial real estate industry, will partner with Vice President Traci Russell to form a new team that will focus its attention on retailers and retail developers looking to capture opportunities in the greater Phoenix marketplace.
”Shane is a wonderful complement to our team of best-in-class retail professionals,” said Craig Henig, CBRE’s senior managing director and Arizona market leader. “His experience, gained while working with notable local companies RED and Evergreen, will expand CBRE’s reach and strengthen our capabilities to serve the diverse needs of our retail clients throughout the Phoenix area.”
Prior to CBRE, Stephens worked for RED Development, where he was the top senior leasing associate for the major development, management and acquisition firm. In 2013 alone, he was honored by Cole at 2013 RECON for most transactions in their portfolio and led the RED Arizona team with number of transactions for the year. Prior to that, he was a leasing manager for Evergreen Devco, Inc. With Arizona’s retail market continuing to improve post-recession and consumer and retailer confidence continuing to strengthen, strategic hires like Stephens will help CBRE expand its retailer practice in Arizona and across the southwestern United States.
CBRE Retail Services Group represent clients worldwide, providing integrated products and services that include strategy development, management, finance, corporate services, consulting and leasing. Whether serving the retailer or the retail property owner, the division’s professionals act as advisors and become an invaluable part of clients’ decision-making processes.
Stephens holds an M.S. in economic management and policy from the University of Strathclyde in Glasgow, Scotland, and a B. S. in economics from Oklahoma State University in Stillwater, Okla.
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