Business Details
36 Years
experience
Your Trusted Partner for Commercial Real Estate Solutions
Established in 1990, Glenwood Development has built a reputation as a leader in commercial real estate development, acquisition, and management. Headquartered in Mesa, Arizona, our team brings over 60 years of combined experience in delivering investment-worthy opportunities across the Southwestern United States. We specialize in single-tenant net lease development and suburban retail acquisition, leveraging disciplined strategies to reposition assets and maximize value. Our focus on long-term relationships, integrity, and performance has enabled us to complete nearly $250 million in projects, serving clients with tailored solutions that align with their goals.With expertise in land acquisition, entitlement, leasing, and construction management, we ensure every project benefits from strategic oversight and operational excellence. Our commitment to innovation and client satisfaction drives our approach to creating sustainable value in commercial real estate.
Services
Commercial Real Estate Development
Retail Property Acquisition
Investment Management
Property Management
Land Acquisition
Details
- Year established: 1990
Highlights and features
- We have over 60 years of combined real estate experience.
- Our team has completed nearly $250 million in acquisition and development projects.
- We specialize in suburban retail acquisition and single-tenant net lease development.
- Our disciplined approach ensures investment-worthy opportunities with upside potential.
- We focus on long-term relationships and the highest standards of performance.
Services
Commercial Real Estate Development
We specialize in ground-up development of retail properties, including build-to-suit projects for quick-service restaurants and suburban shopping centers. Our process integrates market analysis, entitlement, and construction management to create value-driven assets. With decades of experience, we deliver high-quality developments that enhance local economies and meet investor goals.
Retail Property Acquisition
Our acquisition strategy focuses on suburban retail properties with potential for repositioning and leasing optimization. We target assets between $500,000 and $15 million, prioritizing locations in growing trade areas. By leveraging market insights and partnerships, we identify opportunities that align with long-term investment objectives.
Investment Management
We manage commercial properties to maximize profitability through active leasing, tenant relations, and operational efficiency. Our team oversees daily operations, ensuring assets perform to their full potential while maintaining investor alignment. This approach sustains long-term value and client returns.
Property Management
Our property management services include leasing, maintenance, and financial reporting for retail and office assets. We prioritize tenant satisfaction and proactive asset care to minimize vacancies and enhance property performance. This comprehensive oversight ensures consistent returns for stakeholders.
Land Acquisition
We identify and secure land parcels for development projects, focusing on strategic locations in high-growth markets. Our team evaluates zoning, infrastructure, and market demand to ensure sites align with development goals. This expertise enables efficient project execution from acquisition to completion.
People
Bob Klepinger
Principal
Founding principal with over 20 years of experience in retail development and leasing. Oversaw 2.0 million square feet of commercial projects. Holds a BA in Finance from Arizona State University.
Jeff Kost
Principal
Director of Development since 1999, managing over 1 million square feet of projects. Expertise in entitlement, construction, and investor relations. Certified Construction Manager from Arizona State University.
Brad Forsgren
Principal, Designated Broker
Integral in finance, project analysis, and investor relations. Graduated with honors from Arizona State University's W.P. Carey School of Business with advanced accounting degrees.
Tyler Klepinger
Principal, CFO
Chief Financial Officer with experience in accounting, investor reporting, and tax strategy. Holds advanced degrees in Accountancy from Idaho State University and Brigham Young University-Idaho.
Carson Klepinger
Land Acquisition and Leasing Manager
Specializes in site acquisition and leasing. Graduated with a BA in Finance from Arizona State University. Joined Glenwood in 2020 to support land procurement efforts.
Questions
What types of properties does Glenwood specialize in?
Glenwood focuses on retail properties, including single-tenant net leases, suburban shopping centers, and build-to-suit developments for quick-service restaurants and dollar stores.
In which regions does Glenwood operate?
We primarily serve the Southwestern United States, including Arizona, California, and New Mexico, with a focus on high-growth markets.
How does Glenwood approach property acquisition?
We seek investment-worthy suburban retail properties with potential for repositioning, leasing optimization, and management-driven value creation.
What experience does Glenwood's team have?
Our leadership team has over 60 years of combined real estate experience, including development, acquisition, finance, and property management expertise.
