Karen BuSteed
SVP, Retail Real Estate Advisor, Capacity Commercial Group LLC
Portland, OR 97205
Specializes in Retail Commercial Real Estate
Phone (503) 517-9876
Mobile (503) 380-8448
Specializes in Retail Commercial Real Estate
Specialties
Landlord Rep (Retail), Tenant Rep (Retail)
Property Types
Office, Retail, Flex, Sports & Entertainment, Specialty, Multi-Family, Health Care
Markets
Portland, Seattle/Puget Sound
Languages
English
Bio
Ms. BuSteed specializes in retail tenant representation and transaction management nationally in mall locations and regionally in the Pacific Northwest markets. Karen specializing in national roll-outs, regional expansions, and existing store portfolio optimization and management. This includes negotiating renewals, relocations, store closures, new site acquisitions, and conducting portfolio reviews with all the major REIT’s on enclosed properties. Karen’s strong relationships, transaction experience with the REITs and relationships in the regional real estate community benefit retailers in identifying and secure optimal locations to reach their customers and drive value for their organizations.
In 2013 Karen identified a shift in business strategy which posed an $8.6M operational costs increase to the client in percentage rent. Karen was successful in negotiating the removal of percent rent from over 400+ leases over a 12 month period for an estimated cost savings of $70M+ in the next 5 years.
In 2009 Karen succeeded in creating a strategic plan, initiating negotiations and coordinating openings of replacement stores for a retail client faced with a crisis situation when their largest partner was failing and preparing to close 400 stores around the country. The negative impact was estimated to be $10M per month in lost revenue. The client maintained the revenue stream of the previous 400 locations with the strategic placement of only 278 new leases at far lower rents and realized a rent and operational savings of $7.3M.
Prior to her position at Capacity Commercial Group and JLL, Ms. BuSteed was the Director of Real Estate/Vice President and Partner at a local pizza chain, Pizza Schimizza, Inc. Her additional experience includes working as a Project Manager for National Real Estate/Dant Real Estate Services and as a Director of Market Research for Norris Beggs & Simpson and Cushman Wakefield.
