Axiom Retail Advisors Joins National Retail-Focused Commercial Real Estate Platform
- Accomplished Retail Leasing Team Adds Strong Landlord & Tenant Rep Service Lines in Southern California Market
- Six-Member Team’s Career Transactional Activity Includes More Than 4,000 Lease & Sales, Valued at in Excess of $1.6 billion, Encompassing Roughly 80 million square feet of space
- Executed Retail Leasing Assignments for High-Profile Landlords, Owners and Developers, As well as Rollouts for Major Retail Brands
Phoenix & Los Angeles, August 16, 2022 – Axiom Retail Advisors, a retail brokerage group that has handled lease and sales assignments for just about every landlord, developer, as well as major retail brand, has joined X Team Retail Advisors as an affiliate of the leading national retail real estate advisory platform. Axiom is based in Southern California and its team brings 100 years of combined experience in the shopping center industry, having completed in excess of 4,000 lease and sales transactions valued at more than $1.6 billion and encompassing roughly 80 million square feet of space.
Established by Terry Bortnick, Paul Bartlett, Lea Clay Park and Stephanie Skrbin, Axiom is a boutique retail brokerage firm founded earlier this year. Additional leaders of the Axiom team include Preston Kim, while Michelle Meija heads up marketing for the group. Axiom operates four offices across the Greater Los Angeles region including in Irvine, El Segundo, Ontario and Solana Beach. Primarily focused on the dynamic Southern California markets, Axiom also has a wealth of experience in multiple regions and states across the country.
X Team’s President, Dave Cheatham, said, “Southern California is a massive and dynamic consumer market that demands retail experts who not only know a community inside and out, but can bring tenants and landlords together to execute a lease or sale transaction efficiently. We could not have found a better team than Axiom to continue growing X Team’s national platform in such a key market.”
Bartlett said, “First and foremost, this move to X Team will allow us to better serve client needs by drawing from the phenomenal expertise now housed under one roof. Whether it is a landlord relationship or tenant relationship, the national platform offers broad knowledge and a deep skill set. We’ve known and collaborated with members of X Team on deals for more than 20 years. We’ve referred business to them, as well as received business from members. That collaborative spirit makes this a perfect fit, and it is the perfect time for Axiom to join the X Team platform.”
Bortnick added, “Our team members have all worked “in house” for major landlords and tenants. We know how these companies function internally. We understand their proformas and challenges. Axiom was formed earlier this year with the goal of bringing our consultative approach to both sides of the deal. Joining X Team will take us to a whole new level. Being part of a respected resource network of highly skilled people across the U.S., will only benefit us over the coming 10 to 15 years as retail continues to evolve.”
The retail landscape has shifted following several years of economic uncertainty and that’s created opportunities for leasing experts. Bartlett said, “We are seeing retail tenants operate much leaner today than five years ago. Rather than hiring a leasing team in-house, retailers’ real estate departments are now supported with an array of consultants who bring a high caliber of expertise and decades of industry experience.”
Axiom offers good fluidity across an experienced team. It is strong on the landlord or agency front, as well as the tenant side, plus its deep consulting expertise delivers the right analytic and strategic insights corporations seek today. Clay Park said, “Being a part of the larger X Team fits well with what Axiom was doing on our own. Having managed national rollouts, we have worked with numerous members of X Team in the past. We knew and were comfortable with them. When the opportunity came to join to represent the platform in SoCal, it was a natural step for Axiom.”
Axiom anticipates adding value to the national network with a strong presence across Southern California and ability to represent both landlords and tenants on leasing, sales and consulting assignments. Being a part of X Team allows Axiom to source new business opportunities, as well as better serve its existing business. It can also tap into the colleagues across the country to collaborate on assignments and draw from the wealth of intellectual capital the platform offers.
Axiom members have executed assignments on behalf of numerous prominent landlords including Combined Properties, Red Mountain, Haagen Company, Kimco Realty, Macerich, Macy’s, CFT Developments, Brixton and Milan Capital. Tenant rep assignments include Hobby Lobby, Stater Bros., Dollar Tree/Family Dollar, BevMo, Carter’s, Hibbett Sports, Sprouts, Coffee Bean and Tea Leaf, Wendy’s and El Pollo Loco.
Clay Park concluded, “What cemented the move to X Team for me was seeing the goals and success the platform has achieved so far by combining brokerage with other service lines. Market optimization, site modeling, capital markets and an array of consulting services makes us unique in the market. We can offer a “soup-to-nuts” resource for tenants and landlords, rather than just being a network.”
This latest addition brings X Team’s national reach to more than 350 retail real estate affiliate specialists located in 40 markets across the U.S. The platform’s existing footprint encompasses experienced industry professionals with proven local market expertise. X Team offers a full and integrated slate of CRE advisory services to its clients, property owners and retail brands.
About X Team Retail Advisors
Phoenix-based X Team Retail Advisors is comprised of more than 350 retail real estate affiliate specialists located in 40 markets across the U.S. that are tied together into one dynamic and cohesive organization. X Team affiliates have completed hundreds of retail assignments for many of the world’s largest premier retail brands. Its Occupier Services Group introduced in 2022 expands the capabilities of the network, providing clients market intelligence, construction and development services, capital markets advisory, and more. The leading national retail real estate brokerage brings together local experts to handle assignments for the country’s premier retailers.
About Axiom Retail Advisors
Axiom Retail Advisors is a Southern California-based commercial real estate firm specializing in retail landlord representation, retail tenant representation and consulting services for retailers, landlords, developers and municipalities in the Southern California sub-markets of Orange County, Los Angeles County, San Diego County, Ventura County and the Inland Empire. In addition, the firm provides tenant representation and consulting services throughout the balance of California and 11 Western states. Axiom has more than 100 years of combined shopping center and commercial real estate experience in shopping center leasing, tenant representation, site selection, acquisitions/dispositions, asset management and implementing strategic plans for national, regional and local landlords, retailers, restaurants, entertainment, financial, medical tenants and other occupiers of customer-facing real estate.
