NEW YORK--(BUSINESS WIRE)--ShopOne Centers REIT Inc. (“ShopOne” or the “Company”), a leading owner, operator and manager of high-quality, grocery-anchored shopping centers, today announced it has hired established retail real estate professional Chris Reed as Executive Vice President of Acquisitions. Mr. Reed, who comes to ShopOne after serving as Vice President, Acquisitions and Development for Brixmor since 2015, will begin his new position on August 1, 2020.
“We are very pleased to have Chris join our team, especially at a point in time where we believe there will be significant opportunities to acquire assets at substantial discounts due to the dislocation and illiquidity in the current environment,” said John Roche, CEO and CFO of ShopOne. “Chris has inherent familiarity of and cultivated strong relationships throughout the Northeast and Mid-Atlantic regions, and we look forward to leveraging his knowledge and connections as we actively look to grow our portfolio.”
At Brixmor, Mr. Reed was responsible for overseeing the acquisition and disposition investment platform in the Northeast and Mid-Atlantic, driving the region’s pipeline of deal flow and the process surrounding originations, including identifying and qualifying target markets, formulating investment strategies and leading the underwriting and due diligence process for prospective acquisitions. In his time at Brixmor, he has led more than 35 investment transactions with an aggregate value of more than $650 million. Prior to Brixmor, Mr. Reed served as Director of Capital Transactions at WP Realty, where he was responsible for the sourcing, underwriting and financing of all prospective acquisitions, as well as the evaluation and completion of debt and equity transactions for a retail portfolio totaling nearly 8 million square feet.
Mr. Reed commented, “I’m excited to join ShopOne and work closely alongside a talented, experienced and highly respected executive team. The opportunity to join a well-capitalized company with an institutional-quality platform was very enticing, and I look forward to playing a key role in helping ShopOne strategically enhance its portfolio in fundamentally strong markets across the country.”
Mr. Reed is a graduate of Temple University, where he received a BBA in Finance, and Villanova University, where he earned his MBA, with concentrations in Real Estate & Finance. He is actively involved with the DiLella Center for Real Estate at Villanova University and is a frequent guest speaker for Undergraduate and MBA level classes focused on real estate investment and redevelopment. Mr. Reed is also an active member of the International Council of Shopping Centers (ICSC).
ShopOne Centers REIT is a leading owner, operator and manager of high-quality shopping centers. The Company’s retail centers are located in established trade areas and are supported by a diverse mix of non-discretionary, value-oriented and grocery retailers. ShopOne is committed to maximizing the value of its portfolio by capitalizing on embedded growth opportunities through driving rents, increasing occupancy and pursuing value-enhancing redevelopment opportunities. To learn more about ShopOne, please visit www.ShopOne.com.