Team

The management team brings over 70 years of experience to the leasing, management and development process. They combine cutting-edge innovation with a conservative management style and proven success in all types of business environments.

Liz Holland

Liz Holland

direct (312) 528-7930 Email Me

Liz Holland

Chief Executive Officer

Liz Holland is the Chief Executive Officer and General Counsel of Abbell Associates. Liz is responsible for overseeing all business and legal matters, including development, financing, leasing, capital and construction projects, and investor and tenant relations.

Active in the International Council of Shopping Centers (ICSC), Liz served as the first Vice Chairman (2015-2016) and Chairman (2016-2017). In addition to ICSC, Liz is also a member of the Real Estate Roundtable and the Urban Land Institute (ULI) - Commercial & Retail Council - Blue. In February 2017, Liz became a Trustee of Federal Realty Investment Trust (FRT). In January 2018, Liz joined the Board of VICI Properties, Inc. (VICI), a gaming and hospitality real estate company.

Liz is also the CEO of Consortial Technologies, a real estate tech company. Please see layercake.com for more information.

Joe Sauer

President of Retail & Technology

Joe Sauer is currently the President of Retail & Technology at Abbell Associates. A licensed real estate broker for over 15 years, Joe, navigates leaders through urban and suburban environments, working with everyone from Fortune 100 companies to rapidly expanding retail chains. His goal is to build dynamic teams and help them reach their full potential.

With Joe’s partner, CEO Liz Holland, they developed a way to streamline how real estate executives make site selection decisions. Called LayerCake, this interactive proprietary software layers all of the key data retailers and real estate developers need to make site analysis and tenant conversations easier and more persuasive. As President of Consortial Technology, LLC, which developed LayerCake, Joe enjoys working with key decision-makers to strategically approaching a company’s growth initiatives, helping them understand the competitor landscape and find the right locations.

Joe is also an active member of the International Council of Shopping Centers (ICSC) and support the Eisenberg Foundation. When not finding the next perfect site for a client, you’ll find Joe reading, spending time with his family, or watching ice hockey every chance he gets.

Liz Holland

Joe Sauer

direct (312) 528-7920 Email Me
Jim Sutphen

Jim Sutphen, CRRP, CDP, CSM

direct (312) 528-7960 Email Me

Jim Sutphen, CRRP, CDP, CSM

Partner - Director of Development & COO

Jim Sutphen currently serves as Partner, Director of Development and COO for Abbell Associates. Jim is responsible for overseeing all in-house and third-party development and construction activities as well as day-to-day property management services for a 3MM square foot portfolio of retail and office projects in the Midwest. Current third-party development and construction projects include the complete redevelopment of a large industrial building in Chicago into 65 individual for-lease prep kitchens along with the redevelopment of a large retail shopping center in Burbank, Illinois. Other development and construction projects include the continued redevelopment of a super-regional mall in Des Moines, Iowa and a large retail and office project in Toledo, Ohio.

Over the past 33 years, Jim has held a variety of positions within the real estate industry. Prior to his current role at Abbell, Jim served as Vice President of Construction for the Midwest for Regency Centers Corporation, a publicly traded REIT, and oversaw all regional design and construction activity for the company. In his role with Regency, Jim oversaw the development and construction of several million square feet of new developments and re-development projects in the Midwest.

Before joining Regency, Jim served as Vice President of Construction and as Vice President of Property Management for Joseph Freed and Associates, a large privately held real estate development company based in Chicago. In multiple roles, Jim oversaw all day-to-day property management functions for the company’s multi-million square foot portfolio and then oversaw all design and construction activities for several million square feet of retail and mixed-use developments in Illinois, Michigan, and Colorado.

Jim is a 1986 graduate of the University of Illinois and received his CSM designation in 1995 and his CDP designation in 2010 from the International Council of Shopping Centers (ICSC). In addition, over the last 7 years, he has served on the ICSC Centerbuild Conference Program Committee.

Maureen Grove, CPA, MBA

Chief Financial Officer & Director of Accounting

Maureen Grove is a highly-talented, professional CPA specializing in commercial real estate. She has 30 years of hard-won and unique experiences as a detail-oriented, accountability-driven forensic analyst with a passion for strategy and an eye for future economic development and technological trends.

Over the course of her career, Maureen has been a key player in the acquisition, disposition and refinancing of transactions totaling over $2.5 billion in real estate assets and $2 billion in loans. Maureen has closed on some of the largest, record breaking transactions in Chicago, including the Citigroup Center/Ogilvie Transportation Center, Hyatt Hotel-100 West Monroe, Northern Trust Headquarters 181 West Madison, and the Chicago Motor Club.

Maureen is a licensed real estate broker, and belongs to the American Institute of CPAs, Financial Executives International (FEI), and Commercial Real Estate Executive Women (CREW). She is the past President of the Board of Directors for Chicago Youth Programs and continues as a board member.

Maureen Grove

Maureen Grove, CPA, MBA

direct (312) 528-7950 Email Me
Tom Walsh

Tom Walsh, CLS, CRX

direct (312) 528-7940 Email Me

Tom Walsh, CLS, CRX

Partner - SVP Leasing & Managing Broker

Tom Walsh serves Abbell Associates as Partner, SVP Leasing, and Managing Broker, overseeing all internal and third-party retail leasing activity. Tom is a highly accomplished leasing veteran, with extensive industry relationships, and far reaching experience developing and executing leasing plans for open air, lifestyle, urban, mall, and mixed-use properties throughout the country, including re-development and ground up developments.

Tom has worked with a broad spectrum of national tenants, such as retail anchors: Target, Ross, TJX, Zara, Petco, PetSmart, Fresh Thyme Market, Bob’s Furniture, Ashley Homestore, Burlington, Five Below, Old Navy, Michael’s, DSW, among others. Specialty retail activity includes Ann Taylor, Eileen Fisher, Disney, LBrands, Hot Topic, Gap, Skechers, Puma flagship, Sola, Steve Madden and many more. Restaurant and entertainment work includes brands such as Flix Brewhouse, Starbuck’s, Jamba Juice, Flat Top Grill, Max & Erma’s, Long Horn Steakhouse, California Pizza Kitchen, Putting Edge and Laser Quest to name a few. Tom also has deep experience working with emerging local brands in the retail and hospitality secctor.

Prior to joining Abbell, Tom spent 20 years with Joseph Freed and Associates, coordinating the Leasing activities of a portfolio that grew to 6 million square feet, including both ground up projects, existing property re-developments and urban re-developments such as the historic Sullivan Center re-development on State St, with City Target and DSW. Prior to joining Freed, Tom leased properties for developers Bronson & Hutensy in Hartford, CT, and Zaremba Midwest in Chicago, and started his real estate career at commercial brokerage firm Sheldon Good & Company in Chicago.

Tom is a graduate of Drake University, holds the Certified Leasing Specialist (CLS) and the Certified Retail Property Executive (CRX) designation from the International Conference of Shopping Centers, and is the Managing Broker for Abbell Associates, LLC.