Longtime Phoenix-based property management and commercial real estate investment firm, Hannay Realty Advisors, has opened an office in Colorado to expand presence.

To take the lead of the new office, Denver-based commercial real estate executive Bruce Backstrom has been brought on as senior vice president and manager of the Hannay Realty Advisors’ Colorado office in Denver. Backstrom will be involved in establishing a larger presence for Hannay Realty Advisors as the company continues their expansion across the Western U.S.

Backstrom’s background includes 26 years in the commercial asset management and leasing industry where he held top level positions with some of the nation’s leading real estate firms, including CBRE and the Trammel Crow Company. His experience includes managing office, retail, industrial and medical office portfolios, and he is highly adept at receiverships for distressed properties and has been responsible for 15 receiverships in the past 24 months.

Backstrom has worked with top players in the commercial real estate industry, such as Morgan Stanley, Principal Real Estate Investors, Invesco, CW Capital, TIAA-CREF and LaSalle Investment Management, among others. Backstrom has been involved in numerous professional commercial real estate organizations, including being a former board member of BOMA/Denver, member of the National Association of Industrial and Office Properties (NAIOP). He is a Certified Shopping Manager (CSM) awarded by the International Council of Shopping Centers (ICSC). Bruce is the licensed employing broker in Colorado.

“We are very excited to have Bruce join our organization and are confident that we have the right person in place to help us become a major player in Colorado,” said Craig Hannay, president of Hannay Realty Advisors. “Bruce has an impressive background and has in depth knowledge of the Colorado market. This is just the first step in our strategic growth plan that we foresee for 2012.”

For more information on Hannay Realty Advisors, visit hannayrealtyadvisors.com.