ShopOne, a vertically integrated U.S. shopping center investor, manager, and operator, has announced significant changes in its executive leadership team. John Roche, formerly Chief Executive Officer, has transitioned to the role of Chairman. Taking over as CEO is Chris Reed, who previously served as Chief Investment Officer. Additionally, Mike Makinen has been promoted to President and will also serve as Chief Operating Officer.
Roche, who joined ShopOne in 2017 as Chief Financial Officer and became CEO in 2019, has been instrumental in shaping the company’s strategic direction. Under his leadership, ShopOne expanded its portfolio of high-quality grocery-anchored shopping centers nationwide. His tenure included the establishment of a strategic joint venture partnership with Pantheon and a leading global institutional investor, resulting in significant acquisitions within the grocery-anchored sector.
Reflecting on his transition, Roche expressed gratitude for his time as CEO and confidence in Reed and Makinen’s abilities to lead the company forward. Reed, with over 15 years of retail real estate experience, joined ShopOne as Executive Vice President of Acquisitions in 2020 and quickly advanced to CIO. He played a pivotal role in enhancing the company’s asset value through strategic acquisitions and operational improvements, notably overseeing the successful joint venture initiatives.
Commenting on his new role, Reed highlighted the favorable industry trends and his commitment to driving growth alongside Makinen. Makinen, who joined ShopOne in 2021 with extensive retail real estate experience, will focus on operational excellence and advancing the company’s strategic initiatives.
Jim Sylvia, Independent Director on ShopOne’s Board, praised the leadership transition, affirming Reed’s qualifications and strategic vision for the company’s future growth. Makinen expressed enthusiasm for continuing to lead ShopOne’s operations under Reed’s leadership.
The leadership changes mark a pivotal moment for ShopOne as it positions itself for continued growth in the evolving retail real estate landscape.
