Ken Stern is a Senior Vice President of Retail Leasing Services at CBRE and is a leader of the firm’s Restaurant Practice Group.
Prior to joining CBRE, Ken was with DDR Corp. (NYSE: DDR) for 23 years. Most recently, he was Senior Vice President of Peripheral Development, where he was responsible for managing, supervising, and strategically planning the entire U.S. platform of DDR’s peripheral land opportunities, which at its peak had over 700 retail properties comprising nearly 200 million square feet. Ken has negotiated over 600 transactions totaling $1 billion dollars in realized income value. He has implemented leasing strategies, and ultimately analyzed, negotiated and executed leases in power centers, community centers, specialty centers, and lifestyle centers. Ken’s hands-on approach was instrumental in leasing over 30 ground-up shopping center developments and numerous re-developments throughout DDR’s portfolio where he also contributed to design, layout, financial budgeting and financial feasibility analysis in order to maximize returns for the developments.
In his 23 years at DDR, Ken established extensive national restaurant and entertainment relationships, brought in some the nation’s most recognizable chains as junior anchors, and has provided these clients with a platform for national expansion throughout the DDR portfolio. Ken has also negotiated land sales with many other types of users, including many well-known banks and hotels.
Ken has been identified by nationally recognized restaurant chains in creating and implementing their national platform in divesting of underperforming or closed units vis-a-vie lease assignments or asset sales. Additionally, Ken was overseeing the leasing and strategic planning of the Food and Beverage component for 7 nationally located malls owned by QIC Properties, Inc.
Pro Affiliations / Accreditations
- International Council of Shopping Centers (ICSC) - Executive Board for the Food for Thought Committee
- 2020 CoStar Power Broker Award Winner
Entertainment Experience
- Main Event
- Pinstripes
- Alamo Drafthouse
- i-FLY (Master Broker)
- Bowlmor
- Legacy Food Hall
Hotel Experience
- Comfort Inn
- Hilton
- IHG
- Marriott
- Starwood
- Summit Hotel Properties
Retail Experience
- Nordstrom Rack (Ohio)
- Cigars International
- Planet Fitness
National Restaurant Assignments
- Macaroni Grill – 22 Units
- Joe’s Crab Shack, Champps,
- Brickhouse Tavern & Tap – 24 Units Grill Concepts – 5 Units
- Sullivan’s Steakhouse (Master Broker)
- Eddie Merlot Steakhouse (Master Broker) Red Robin – 15 Units
- RBI – Burger King/Tim Hortons – 12 units
Significant Shopping Center Transactions
- Ridge Hill
Yonkers, NY
1,200,000 SF
-
Riverdale Village
Coon Rapids, MN
1,000,000 SF
- Hamilton Marketplace
Hamilton, NJ
970,000 SF
- Belgate Shopping Center
Charlotte, NC
800,000 SF
- Shoppers World
Framingham, MA
785,000 SF
- Merriam Town Center
Merriam, KS
750,000 SF
- Ahwatukee Foothills
Phoenix, AZ
700,000 SF
- Centerton Square
Mt. Laurel, NJ
700,000 SF
- The Village at Stone Oak
San Antonio, TX
650,000 SF
- The Shoppes at Midtown Miami
Miami, FL
645,000 SF
-
Flat Acres Marketplace
Parker, CO
600,000 SF
-
Killeen Mall
Killeen, TX
555,000 SF
-
Meridian Crossroads
Meridian, ID
530,000 SF
-
Gateway
Port Chester, NY
500,000 SF
-
The Pike Outlets
Long Beach, CA
400,000 SF
-
Lee Vista Promenade
Orlando, FL
400,000 SF
-
Freehold Marketplace
Freehold, NJ
360,000 SF
-
Gateway Center
Everett, MA
355,000 SF
Landlord Representation
- Blackstone
- Concord Hospitality
- DRA Advisors
- Four Corners Property Trust
- Glimcher Group
- Industrial Commercial Properties (ICP)
- Kohan Retail
- Lanoha Real Estate Company
- Leon Capital
- M&J Wilkow
- Madison Capital
- Meritage Hospitality Group
- MetLife
- Ohio State Retirement Pension
- QIC
- Raider Hill
- Sansome Pacific Properties
- ShopCore Properties
- State of Utah Pension Funds
- Tanger Outlets
- TLM Realty
Restaurant Representation
- Another Broken Egg
- BJ’s Restaurant & Brewhouse
- Buffalo Wild Wings
- Chick-fil-A
- Chili’s
- Chipotle
- Dave’s Hot Chicken
- Dutch Bros.
- Firebirds
- Five Guys
- Hangry Brands
- In-N-Out Burger
- K-Pot
- Kinya Ramon
- Lazy Dog
- Longhorn Steakhouse
- McDonald’s
- Miller’s Ale House
- Naf-Naf Grill
- Olive Garden
- Outback Steakhouse
- Panda Express
- Panera Bread
- P.F. Chang’s
- Portillo’s
- Raising Cane’s
- Red Robin
- Rock & Brews
- Rosa Mexicano
- Storming Crab
- Texas Roadhouse
- Twin Peaks
