ShopOne Centers REIT Announces Leadership Transition
Slice of Retail Team
07/06/2024
Key Highlights:
- John Roche transitions from CEO to Chairman.
- Chris Reed named new CEO of ShopOne Centers REIT.
- Mike Makinen promoted to President.
- ShopOne has a strategic joint venture with Pantheon.
- Focus on grocery-anchored shopping centers.
Source (Business Wire)
Quotes
“ “It has been an absolute honor to serve as CEO of ShopOne and oversee a strategy that has resulted in significant value for our institutional partners and the communities we serve.” ”
John Roche, Former CEO at ShopOne Centers REIT
Our Take:
ShopOne Centers REIT's recent leadership transition reflects a strategic move to leverage the extensive experience and expertise of its key executives. With John Roche's shift to Chairman, the company will continue to benefit from his strategic vision. Chris Reed’s appointment as CEO marks a continuation of his successful tenure at the company, promising a focused approach on enhancing portfolio value and expanding their grocery-anchored centers. Mike Makinen’s promotion to President further solidifies a leadership team poised to navigate and capitalize on favorable market conditions. This transition underscores ShopOne's commitment to sustained growth and value creation for its institutional partners and the communities it serves.
