Steven Underwood, Senior Managing Director at Phoenix Commercial Advisors

Senior Managing Director

Steven Underwood

LinkedIn
Profile
Current listings
2
2
Current listings
$2.5B+
Firm: retail investment sales
430+
Firm: closings

About Steven

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.

Track record

Closed deals

  • Anthem Marketplace ShopsNEC Hunt Hwy & Merrill Ranch Pkwy, Florence, 01/16/2026 · 15,655 SF
  • San Tan Village III (Spencer's)NEC San Tan Village Pkwy & Market St, Gilbert, 09/08/2025
  • Plaza 32SEC 32nd St & Bell Rd, Phoenix, 07/26/2023 · 173,303 SF
  • Raising Cane'sN/NWC Signal Butte Rd & US Hwy 60, Mesa, 05/09/2023 · 3,267 SF
  • Shops at Mountain VistaNWC Signal Butte Rd & US Highway 60, Mesa, 11/15/2022 · 7,525 SF
  • Denny's LongbowSWC Recker Rd & Loop 202 Red Mountain Fwy, Mesa, 01/17/2022 · 4,331 SF

Closings PCA's records credit to Steven, newest first. Buyer and seller names are not published.