Phoenix, Arizona – Velocity Retail Group announces two industry veterans have joined the firm’s Investment Advisory Group. Greg Abbott, Vice President, formerly with CBRE has 27 years of Metro Phoenix retail real estate industry experience. Mike Duffy, Vice President, most recently with ORION Investment Real Estate has 25 years of experience. Working in partnership, the team will utilize their deep industry experience, superior knowledge of the Arizona retail market and extensive industry relationships in order to achieve market leading results for owners of shopping centers and retail buildings that they represent. Combining Abbott and Duffy’s track record of investment sale success with Velocity Retail Group’s best in class team of outstanding retail professionals will create a unique platform for the team to offer owners the ability to achieve maximum pricing and greater efficiency in the investment sale process.
Greg Abbott brings a valuable multi-layered retail brokerage skill set to the team. His successful background includes both leasing and investment experience which, combined with a highly analytical approach provides a critical contribution to their team. His experience includes over $500 million in transactions totaling over 3 million square feet.
Mike Duffy’s background includes all facets of acquisition, disposition and leasing of retail properties. While serving as president and managing partner for a Denver, Colorado development company Mike gained experience in project development, construction management and finance. This unique background provides their clients an added benefit when evaluating properties for repositioning or redevelopment. He is a dedicated professional that provides best-in-class customer service while bringing considerable knowledge of the industry into every transaction.
Long-time friends, the duo has come together and built a market differentiating business plan that connects their unique strengths and experience. “The innovative platform at Velocity Retail Group provides the ideal springboard for Greg and Mike to launch their partnership and help broaden our investment sale platform. They are a perfect complement to our office culture, and their experience and skill sets blend well with our existing sales expertise and client base,” said Eli Castronova, Senior Vice President with Velocity Retail’s Investment Advisory Group.
“We are excited that Greg and Mike have joined our firm. Individually they have outstanding reputations and are known for their intelligent approach to the business, strong character and superior customer focus and service. Together, their business model and partnership will prove to be very beneficial for property owners wanting to achieve maximum value for their properties with seamless execution,” added Dave Cheatham, President of Velocity Retail Group.
About Velocity Retail Group
Headquartered in Phoenix, Arizona with an office in Tucson, Velocity Retail Group (www.velocityretail.com) provides a full range of commercial real-estate services including leasing and selling of shopping centers, tenant representation, land advisory, consulting, investment consulting, capital market solutions, development to retail tenants, and redevelopment to owners of retail real estate throughout the West. Velocity Retail Group is a member of X Team Retail Advisors a platform of 400 retail professionals in 38 offices nationwide. For more information, visit www.xteamretail.com