After a quarter-century tenure, the leader of one of CBRE’s most successful retail investment teams plans to exit the company at the end of the year.
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Philip Voorhees will leave CBRE and join Bison Partners as a partner in the Southern California-based retail investment firm. He will oversee acquisitions and capital markets for the firm, launched in 2022 by Brad Rable and Wil Smith, Shopping Business Center reported.
Voorhees started his career with K&G Equities in 1999 before joining CBRE in 2001, according to his LinkedIn page. He formed the firm’s National Retail Partners-West team in 2007 and was named CBRE's top retail investment broker nationally in 2015.
Voorhees was promoted to vice chairman, the firm’s highest producer title, in 2018, and his team closed $1B that year.
His teams did more than 1,000 deals with a total value of more than $15B during his tenure with CBRE, Shopping Business Center reported.
“I am extremely grateful for my time at CBRE, where I built lasting client relationships and gained a mastery of capital markets and retail investments,” Voorhees said in a statement to Connect CRE. “Joining BISON Partners represents an exciting opportunity to leverage that experience and help accelerate BISON’s growth.”
CBRE didn’t immediately respond to a request for comment on Voorhees’ impending exit.
Voorhees’ experience with acquisitions and capital markets is expected to help grow Bison’s retail portfolio. The firm targets retail properties in the southwestern U.S. and spent $38M on the 139K SF Bernal Plaza shopping center in San Jose, California, at the end of the third quarter as part of an off-market deal.
Bison intends to invest in renovations of the property and improve its tenant mix and merchandising plan, according to a JLL press release.
Bison didn’t respond to a request for comment prior to publication.
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