Business Details
36 Years
experience
Your Partner for Southwest Commercial Real Estate
Established in 1990, Glenwood Development has built a reputation as a leader in commercial real estate development, acquisition, and management. Headquartered in Mesa, Arizona, we specialize in creating investment-worthy opportunities through ground-up development of retail properties, suburban neighborhood shopping centers, and strategic repositioning of existing assets. Our team leverages decades of combined experience to deliver value-driven results for investors and tenants across the Southwestern United States. With over $250 million in completed projects, we focus on single-tenant net lease developments and suburban retail acquisitions. Our disciplined approach combines market expertise, financial acumen, and operational excellence to enhance local business climates and create lasting value.We maintain the highest standards of performance and integrity while fostering long-term relationships with partners and clients. Our expertise spans entitlement processes, construction management, leasing, and property management, supported by a team with deep roots in real estate development and finance. Through strategic partnerships and active asset management, we maximize returns while maintaining a commitment to ethical business practices. Our track record of success reflects our ability to identify emerging market opportunities and execute complex projects with precision. As industry innovators, we continue to raise the bar for commercial real estate solutions in dynamic growth areas.
Services
Ground-Up Development
Build-To-Suit
Redevelopment
Acquisition
Investment Management
Leasing
Property Management
Construction Management
Site Acquisition
Asset Repositioning
Details
- Year established: 1990
Highlights and features
- We have completed $250 million in commercial real estate projects since 1990
- Our team brings 60+ years of combined real estate development expertise
- We specialize in Southwest US market opportunities with local knowledge
- Our disciplined acquisition criteria ensure investment-worthy properties
- We offer full-cycle project management from entitlement to leasing
Services
Ground-Up Development
We specialize in developing retail properties from raw land, focusing on quick-service restaurants and neighborhood shopping centers. Our process includes site selection, entitlements, construction management, and tenant coordination. With over 30 years of experience, we create value through strategic location development that meets market demands.
Build-To-Suit
We deliver tailored commercial spaces designed to meet specific tenant requirements. Our build-to-suit solutions include site acquisition, architectural planning, and construction oversight. This approach ensures optimal functionality while maximizing investment returns through long-term lease agreements with creditworthy tenants.
Property Acquisition
We identify and acquire suburban retail assets with value-add potential. Our criteria focus on properties between $500,000-$15,000,000 that offer repositioning opportunities through leasing optimization and management improvements. This strategy creates stable cash flow and appreciation potential for our investors.
Investment Management
We actively manage commercial properties to maximize returns through strategic leasing, operational efficiency, and capital improvements. Our team oversees financial performance, tenant relations, and property maintenance across 1.5+ million square feet of retail space in growing trade areas.
Construction Management
Our experts oversee all aspects of commercial construction projects, ensuring timely completion within budget. Services include contractor coordination, quality control, and compliance with regulatory requirements. This expertise guarantees high-quality developments that meet both investor and tenant expectations.
People
Bob Klepinger
Principal
Founding principal with 30+ years of retail development experience, overseeing 2+ million sq ft of projects. Former regional manager at HSW Investments and real estate manager at Cardon Investments. Arizona State University finance graduate (1983).
Jeff Kost
Principal
Director of Development since 1999 with 1+ million sq ft of managed projects. Certified Construction Manager through ASU. Former Edwards Theaters operations manager. Specializes in entitlements, leasing, and investor relations.
Brad Forsgren
Principal, Designated Broker
Designated broker since 2002 with expertise in finance, accounting, and investor relations. Holds dual accounting degrees from ASU's W.P. Carey School of Business. Manages Glenwood's financial operations and project analysis.
Tyler Klepinger
Principal, CFO
Chief Financial Officer with extensive accounting and real estate finance experience. Former Ernst & Young tax associate and Wolff Company financial analyst. Holds accounting degrees from Brigham Young University-Idaho and Idaho State University.
Carson Klepinger
Real Estate Manager
Specializes in leasing and site acquisition since joining Glenwood in 2020. Arizona State University finance graduate. Focuses on strategic property positioning and tenant placement for optimal investment returns.
Questions
What types of commercial properties do you develop?
We specialize in retail properties including quick-service restaurants, dollar stores, and neighborhood shopping centers across the Southwestern United States.
Do you work with investment partners?
Yes, we form strategic partnerships with quality investors for our retail acquisitions and developments through LLCs or tenants-in-common structures.
What is your acquisition criteria?
We target suburban retail properties between $500,000-$15,000,000 with value-add potential through repositioning, leasing, and management improvements.
How much commercial space do you manage?
Our portfolio includes over 1.5 million square feet of commercial properties across Arizona and the Southwest region.
What areas do you serve?
We focus on commercial real estate opportunities throughout the Southwestern United States, with primary operations in Arizona markets.
