---
title: "Steven Underwood, Senior Managing Director | PCA"
url: "https://newphoenixcommercialadvisors.com/team/steven-underwood/"
description: "Steven Underwood, Senior Managing Director at Phoenix Commercial Advisors, Arizona retail real estate."
publisher: "Phoenix Commercial Advisors"
generated: "11/10/2026"
---

# Steven Underwood

Senior Managing Director, Phoenix Commercial Advisors

- Phone: 602-288-3477
- Email: use the contact form or ask the office
- Office: 602-957-9800, 3131 E Camelback Rd, Suite 340, Phoenix, AZ 85016
- Team: brokerage and investment sales

## About

Steven Underwood has worked in several aspects of the commercial real estate field over the past 37 years. He started his career in commercial real estate brokerage at Coldwell Banker Commercial Real Estate where he spent his first ten years in the business focusing on tenant and landlord representation as well as investment sales of distressed properties. During the next ten years, Steven became a partner with one of the largest franchisees in the country for Wendy’s, KFC and Taco Bell, and Chili’s restaurants, and developed and acquired more than 220 restaurants. In 2009, Steven and his family moved back to Phoenix where he joined Phoenix Commercial Advisors. At PCA, he specializes in the sale of shopping centers and net-leased investments. A partial list of Steven's clients includes VEREIT, Pacific West Land, De Rito Partners, Kitchell, Vestar, Vintage Partners and WDP Partners. Steven is originally from Midland, Texas, and graduated with a degree in International Business and Economics from University of Texas at Austin. Outside of work, Steve is involved in several community organizations and spends time with his wife and two sons.

## Current listings (2)
- Loop 202 & Baseline Rd | SSWC (For Sale, Laveen): https://newphoenixcommercialadvisors.com/properties/s-swc-loop-202-and-baseline-rd-laveen/
- Crossroads at Tolleson (99th Ave & McDowell Rd | SEC) (For Sale, Tolleson): https://newphoenixcommercialadvisors.com/properties/crossroads-at-tolleson-tolleson/

## Recent closing announcements (2)
- 09/24/2025: San Tan Village Shopping Center Successfully Sold for $26.25M: https://newphoenixcommercialadvisors.com/news/san-tan-village-shopping-center-sold/
- 04/29/2025: Phoenix Commercial Advisors Closes on 20.9 Acres in Laveen: https://newphoenixcommercialadvisors.com/news/20-9-acres-in-laveen/