Stuart Hutchison

Commercial Real Estate Consultant | Operations & Marketing at North Palisade Partners, LLC
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(386) 825-5501
Location
US

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5.0

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Jack Davidson

Stuart is a fantastic leader, an experienced real estate professional, and all around good person. I had the great pleasure of working within Stuart's SoCal division at PS Business Parks, and I could not be more grateful to have been a part of his team.

Craig Morrow

I had the good fortune to report to Stuart for many years and he is not only one of the finest managers I have ever worked for, but also one of the finest people I have known in my life. Stuart's humility and integrity make him easy to follow and I saw his commitment to the growth and development of his team play out again and again over the years as his team soared to great heights. Under his direction and mentorship I personally promoted three times and I was not unique in this regard. Stuart truly has the unique ability to spot a diamond in the rough and to help people achieve things they never imagined possible. I can still hear him saying "I don't want to give people a job, I want to give them a career!" If integrity, servant leadership and team building are important to you, Stuart is your man and I sincerely recommend him for your consideration.

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Experience

    • United States
    • Real Estate
    • 1 - 100 Employee
    • Commercial Real Estate Consultant | Operations & Marketing
      • Sep 2022 - Present

      North Palisade Partners LLC is a real estate development and investment firm focused on industrial and self-storage real estate in Southern California and select western markets. Two members of North Palisade Partners leadership — a former COO along with a CFO who I worked with previously and who respected my operations expertise — reached out to me to help with the company’s rapid growth. North Palisade Partners LLC is a real estate development and investment firm focused on industrial and self-storage real estate in Southern California and select western markets. Two members of North Palisade Partners leadership — a former COO along with a CFO who I worked with previously and who respected my operations expertise — reached out to me to help with the company’s rapid growth.

    • United States
    • Real Estate
    • 1 - 100 Employee
    • Divisional VP, Southern California & Greater Seattle | Commercial Real Estate, Operations & Leasing
      • Dec 2016 - Jul 2022

      PS Business Parks was a $7.6 billion publicly traded (NYSE: PSB) real estate investment trust that acquired, developed owned and operated commercial properties composed primarily of multi-tenant industrial, flex and office space as well as traditional industrial properties. It was purchased by Blackstone in July 2022.In 2016, I was promoted by the CEO to be the Divisional Vice President for the Southern California Division as well as the Seattle Region. I spearheaded all operational aspects of 5 million square feet of commercial and industrial properties comprised of 1250 customers.Responsibilities included: — Oversight of the leasing process — Asset management and property management of 20 business parks — Supervising a team of 20 leasing and property management professionalDuring this period, I was most proud of:► Overseeing the execution of approximately 700 lease transactions annually, leading to a 47% increase in NOI following my promotion to DVP ► Prioritizing Customer Service with my team, resulting in 75% customer retention for 2021► 100% employee retention for 24 months► Receiving the Division of the Year Award in both 2017 and 2020 based on outstanding leasing and operation results Show less

    • Assistant V.P. & Regional Manager | Commercial Real Estate, Operations & Leasing Expert
      • Mar 2004 - Nov 2016

      I was promoted by our new CEO to oversee operations and leasing across the Southern California Division. As part of the promotion, I oversaw the leasing and operations for our San Diego and Greater Phoenix area Regions at different times during this period.In 2014, the COO gave me the opportunity to be an interim Divisional Manager for our Seattle Region, where I directly reported to him. This was a stand-alone region consisting of 1.3 million SF of Industrial and multi-tenant flex properties.During this period, I was particularly proud of:► Increasing occupancy in a 955,000SF industrial park from 88% to 100% in 18 months► Successfully managing the Seattle region remotely Show less

    • Portfolio Manager | Commercial Real Estate, Operations & Capital Improvements
      • Oct 2000 - Feb 2004

      A former colleague informed me about an opportunity at PS Business Parks. I met with the CEO who was excited about my ability to oversee capital improvements but was concerned that I had not yet managed a team. Since the company had just acquired a portfolio that was in dire need of capital improvement work, the CEO made me a deal: if I helped him execute the capital work, he would give me the opportunity to manage the small team in the Cerritos office.In this role I successfully:► Spearheaded all the capital work and completed on schedule► Appointed to a team to launch a joint venture with GE that included the disposition of a portfolio with 9 industrial buildings (approximately 200,000 SF)► Worked with the acquisition team to acquire and reposition a 436,000 SF park in Santa Ana and a 107,000 SF park in the City of Orange► Recognized as the 2002 MVP based on my achievements as the interim regional manager for both LA & Orange County where I led occupancy and NOI growth Show less

    • United States
    • Real Estate
    • 700 & Above Employee
    • Portfolio Manager | Lease Negotiation & Managing Construction Projects
      • Jan 2000 - Oct 2000

      When the Voit Company acquired the Fujita portfolio the close of 1999, it had already arranged for the former FPM employees to manage the Fujita properties as employees of Transwestern. Initially under Transwestern I continued to lease and manage my prior portfolio. During this brief period, I successfully: ► Negotiated 35 new commercial real estate leases and 44 renewals ► Continued to manage Tenant Improvement projects Ultimately the properties in my portfolio were being sold, so I started exploring other leasing and management opportunities in Southern California. Show less

  • Fujita USA
    • Orange County, California
    • Commercial Real Estate Portfolio Manager | Lease Negotiation & Construction Management
      • Feb 1995 - Dec 1999

      Fujita USA was a Japanese owned company that specialized in commercial real estate with a focus on multi-tenant office and industrial properties. I was hired by FPM’s managing Director, who was a former colleague that I had worked with in the brokerage industry. He recruited me to join Fujita’s existing team based on my leasing expertise. At the time, Fujita was bringing one of its commercial portfolios in-house that been previously managed by a third-party company. I was responsible for the management and leasing of a commercial real estate portfolio consisting of 4 multi-tenant properties for a total of approximately 535,000 SF and 250 customers. In this role I successfully: ► Negotiated 138 new commercial real estate leases and 178 renewals ► Managed 60 construction projects that varied from re-roofing & repainting buildings and replacing asphalt and HVAC units to tenant improvements. The Voit Company, a commercial real estate owner and developer, purchased the Fujita portfolio in December 1999. Show less

    • United States
    • Real Estate
    • 1 - 100 Employee
    • Property Coordinator | Commercial Real Estate, Leasing Expert
      • Feb 1994 - Dec 1994

      Catellus Development Corporation was a real estate developer founded in 1884 to be the real estate division of Santa Fe Pacific Corporation. The company developed and owned industrial and multi-tenant flex buildings. I was referred to Catellus by a former colleague who learned that they were looking for an experienced person who could help lease their multi-tenant flex properties while gaining additional experience in property management. Catellus Development Corporation was a real estate developer founded in 1884 to be the real estate division of Santa Fe Pacific Corporation. The company developed and owned industrial and multi-tenant flex buildings. I was referred to Catellus by a former colleague who learned that they were looking for an experienced person who could help lease their multi-tenant flex properties while gaining additional experience in property management.

    • United States
    • Leasing Non-residential Real Estate
    • 100 - 200 Employee
    • Marketing Associate
      • May 1990 - Jan 1994

      Voit is a full-service real estate brokerage company operating primarily in Southern California. At the time I really wanted to get into real estate. Since I’m naturally a self-starter I was selected to be the runner for one of the top industrial brokers in Orange County. Within my first 2 months on the job, I sourced a 25k SF, 3-acre industrial site, which sold for over $3M. Voit is a full-service real estate brokerage company operating primarily in Southern California. At the time I really wanted to get into real estate. Since I’m naturally a self-starter I was selected to be the runner for one of the top industrial brokers in Orange County. Within my first 2 months on the job, I sourced a 25k SF, 3-acre industrial site, which sold for over $3M.

Education

  • University of Southern California
    1983 - 1987

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