Clayton King grew up in a commercial real estate family, touring vacant spaces and meeting with tenants and property managers. After spending nearly 10 years in the industry as a broker, King now runs his own firm: King Capital Commercial Real Estate — a venture he launched in July.
The firm will focus on retail and land assets at first. But down the line, King hopes it could become a firm that could service all sectors of the commercial real estate industry.
As the firm’s initial team members, King Capital brought on Kyla Stoker from CBRE’s Albuquerque office and King’s former Base 5 Retail colleague David Fite.
When asked what Stoker and Fite bring to the team, King cited Stoker’s expertise when it comes to acquiring and leasing liquor licenses deals and Fite’s strong relationships with national and local restaurants, and retailers.
Business First reported Fite represented Domino’s and popular Albuquerque eatery Last Call in expansion deals over the past few years. Stoker brokered deals for the sales of Scarpas restaurants and Revel, the latter of which had a construction budget of more than $12 million.
“Retail, specifically, is the most dynamic and evolving real estate segment at this time in history,” King wrote in a statement to Business First. “…It is important to surround yourself with individuals who are regarded as best in the industry and can assist businesses and clients in what is currently happening in the marketplace and what the future models look like.”
King most recently worked as a retail broker with Albuquerque-based Base 5 Retail Partners, where he specialized in tenant representation for national tenants. He said his new firm has already put together tenant representation deals and a fast food restaurant sale in the Albuquerque metro area throughout its month in operation.
King Capital will operate out of an Uptown office at 8016 Pennsylvania Circle NE.
“I am excited for the challenge and believe there is an opportunity to thrive in New Mexico. It is incredibly unfortunate that New Mexico doesn’t currently have a robust younger population starting businesses,” King said. “I am extremely proud to be born and raised in New Mexico and look forward to continuing to build the commercial real estate landscape in this state.”