SAN BERNARDINO, CA - Is Stater Bros. Markets on the hunt for ground on which to build new stores? With its latest promotion, one can only wonder. The privately-owned supermarket chain recently announced its promotion of Michael Reed to Senior Vice President Real Estate and Development.
Reed brings more than 18 years of retail real estate and development experience to his new position, five of which were spent with Stater Bros. He joined the company in 2014 as Senior Director of Real Estate; in 2016 he was promoted to Vice President of Real Estate and oversaw the company’s real estate and property management divisions. In his new position, he will continue to oversee these areas, in addition to the company’s refrigeration and maintenance departments, and Stater Bros.’ in-house construction company, Stater Bros. Development, Inc. He will report directly to President George Frahm.
“Mike is a well-respected and valuable member of our Stater Bros. ‘family,’” said Frahm in a press release. “His proven leadership and deep knowledge of the retail real estate and commercial development environment will continue to be instrumental to the company’s success.”
Reed graduated from Boise State University with a bachelor’s degree in Business Administration in Finance. He sits on the Board of Directors for the Air Conditioning Contractors Association and is a trustee for the Inland Refrigeration and Air Conditioning Trust Fund. He is also a member of the International Council of Shopping centers.
Congratulations to Michael Reed on this promotion, and stick with us to see the latest in Stater Bros. potential retail developments.
