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 including 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 a 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.
Commercial Properties Incorporated, Tempe, recently brokered six leases totaling almost 36KSF at Red Rock Business Plaza in the Chandler Airpark.
Black Diamond Advanced Technology, a division of Roper Industries, took 24,196 SF of flex industrial shell space. Chris McClurg with Lee & Associates and Eric Ramer with ICON Commercial Interests out of Atlanta represented the Tenant. The built to suit space will be delivered to Black Diamond in “turn key” condition by Mark IV Capital in early 2014.
Black Diamond valued the high building standards of Red Rock Business Plaza as well as the great San Tan Freeway Corridor location as deciding factors. Other lease transactions with Generations Physical Therapy, Express Interlock, BBJ Rentals, Aptech Systems, and HSP Corporate Arizona have brought the occupancy rate at Red Rock up to over 75%. Red Rock Business Plaza, part of the Mark IV Capital portfolio, was built in 2008 and is comprised of three, single-story buildings, totaling 134,478 RSF of office/showroom/warehouse space just south of the San Tan Loop 202 and east of Crossroads Towne Center on Gilbert Road.
Sarge Glenn and John Hart, with Commercial Properties Incorporated, represented the Landlord, Mark IV Capital. Mike Gilbert and Justin LeMaster with Cassidy Turley represented Express Interlock. Tricia Gumulka with Newmark Grubb Knight Frank represented BBJ Rentals. Josh Wyss with Cassidy Turley represented Aptech Systems, and Russell Gould with StoneCrest Properties represented HSP Corporate Arizona.
More than ever companies are taking the steps to creating a sustainable business; however, changing your business from “regular” to “green” can be costly and take time.
But there are banks that can help: green banks — specific banks designed to aid environmentally-conscious businesses and consumers with better incentives and loan rates. Despite the changes in our economic system in business caused by the housing market, these banks are willing to work with companies who want to empower sustainability.
New Resource Bank is a small commercial bank established with the sole mission of serving the particular needs of green entrepreneurs and sustainable businesses. The model “rethink, rebuild, renew” has a vast appeal to the bank because they want to educate with programs, reduce consumption and challenge other companies to do the same.
Not only is this bank lending funds to help other companies go green, they are walking the walk themselves. The bank is reducing their environmental footprint by using renewable energy and buying re-manufactured toner cartridges and chlorine-free paper products. The Values in Action Committee monitors the bank’s performance and pledge to promoting a global well-being for future generations.
Sustainability Certifications and Awards
Certified B Corporation
San Francisco–certified Green Business
LEED Gold headquarters
Green-e certified offsets
Outstanding Achievement 2009, U.S. Environmental Protection Agency, Pacific Southwest region
New Resource Bank accepts applications from businesses in every state as long as you are a green business or committed to turning their business green.