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TSCG EXPANDS TO CALIFORNIA
- January 5, 2015
- Our Company
FOR IMMEDIATE RELEASE: CONTACT: Jenn Weyand
December 10, 2014 email@example.com 678.290.1460
TSCG expands to california
Firm now poised for west coast expansion strategy, offers coast-to-coast retail services.
ATLANTA – The Shopping Center Group, the largest privately owned retail real estate advisory firm in the eastern United States, announces its continued expansion with the addition of a California brokerage team of industry veterans. The move across the Mississippi River marks the firm’s first foray into western United States but, according to Chairman and Co-CEO David Birnbrey, it won’t be the last. Located in Santa Barbara, the new office opened December 1.
“The acquisition of this team is a big step in The Shopping Center Group’s pursuit of a national footprint,” explains Birnbrey. “We recognize this is only the first of many steps that will be part of a carefully thought-out expansion strategy that ultimately enables us to serve our clients from coast to coast.”
The California-based group is led by Mike Hieshima and Philip Kyle, retail real estate experts respected by and working with some of the most notable retailers, landlords and developers. Hieshima has represented Starbucks in their expansion since 1989 making him the company’s longest standing real estate representative in the country. Kyle is the top leasing agent in California’s central coast representing more than four million square feet of assets for some of the largest institutional companies including Kimco Realty Corp. (NYSE: KIM) and Regency Centers (NYSE: REG) and other popular California mainstays such as Donahue Schriber and Schottenstein. Hieshima currently serves as Chairman of the Board and President of Chainlinks Retail Advisors, North America’s largest retail-only real estate services network. With The Shopping Center Group its largest member, the Chainlinks networks includes over 50 offices covering the country’s top 50 markets. Last year, the organization was responsible for over 5,000 transactions (sales and leases) that include over 40 million square feet for a total value of $5 billion.
“Mike and Phillip are well-known and well-respected in the western United States,” explains Sam Latone, president and co-CEO, The Shopping Center Group. “They bring a high-profile client list and veteran competencies that complement our existing team that already covers the entire Eastern seaboard. As colleagues, we established a mutual respect a number of years ago that makes this partnership an opportunity to continue to validate on our commitment to servicing our clients coast to coast.”
About The Shopping Center Group
Founded in 1984, The Shopping Center Group, with 23 offices in 16 states, is a retail real estate advisory firm respected for its analytical approach, wide-ranging resources and industry leading results. The firm delivers “best in class” service in tenant representation and surplus disposition, project leasing, property management and construction supervision, investment advisory services, capital markets and location analytics to retailers, landlords, developers, investors and financial institutions throughout the Eastern United States. In 2014, The Shopping Center Group will facilitate over 1,500 transactions totaling nearly $2 billion. The firm’s third-party portfolio includes exclusive leasing assignments for over 800 retail centers totaling 55 million square feet and management agreements for over 11 million square feet of retail property. The firm also represents nearly 400 national and regional retailer and restaurant operators. For more information, visit www.theshoppingcentergroup.com.