Lia Armstrong is the newest addition to King Capital Commercial Real Estate.
King Capital announced Tuesday that Armstrong, a 17-year veteran of the real estate industry, and most recently the former first vice president with CBRE’s Albuquerque office, joined the firm as a senior advisor.
“I am elated to announce that I will be joining King Capital Commercial Real Estate, a boutique retail real estate company that has cutting edge technology, is nimble, amazing talent, and energy that will blow your socks off,” Armstrong said in a statement. “Clayton King is building what I believe to be the best retail brokerage firm in New Mexico, and I am grateful and delighted to be a part of the team.”
During her career in the industry, Armstrong has worked project leasing at Unser Pavilion, Alameda West Shopping Center and others. She considers her specialty to be developing or rehabilitating underutilized shopping centers, including the West Central Plaza, which now includes national tenants like Conn’s, Burlington and Dunkin’. She’s also worked with national brands like Whataburger and Starbucks during her career.
In 2010, Armstrong was named Realtor of the Year by the Commercial Association of Realtors New Mexico.
“[Armstrong] has built a reputation of integrity and ingenuity, which is in direct alignment with our company culture and vision,” King said in a statement. “In conjunction with Lia’s experience and relationships, she offers our company further competitive advantage in the marketplace. We are elated to have her part of our team and look forward to seeing her grow and succeed both professionally and personally.”
In August, after spending nearly 10 years in the industry as a broker, King launched King Capital, Business First reported. Armstrong joins King, David Fite, Diane Kappus and her former CBRE colleague Kyla Stoker at King Capital.
Armstrong and her King Capital colleagues are tasked with challenges in the retail industry, which she said includes e-commerce versus brick-and-mortar, the cycle of old brands versus new ones, as well as the Covid-19 pandemic.
“When Covid-19 came in like a hurricane and disrupted the entire world, it especially took a toll on the retail real estate world,” Armstrong said. “With every disruption there is opportunity, and like many retailers these days I wanted to adapt with the future align with the best.”
Source: ABQ Journal – Author: Ron Davis