By Ron Davis  –  Reporter, Albuquerque Business First

Longtime Albuquerque broker Gannon Coffman joined Allen Sigmon Real Estate Group as its director of development.

For Gannon Coffman, an end game for him has long been to get into commercial real estate development. He is now doing just that with Allen Sigmon Real Estate Group.

After years working as a commercial real estate broker, Coffman joined Allen Sigmon as its new director of development in July.

Years back, Coffman and Clayton King had company principals and founders Brad Allen and Lance Sigmon on their podcast: the CRE Project. Allen and Sigmon talked about their experience on starting the firm and getting involved in commercial development.

“These guys have been doing development for 10 years, they have a lot of momentum, they’re at a really good point where they’re ready to scale the business,” Coffman said of his new firm. “I’ve always had a passion for all things real estate. I love the development side of the business, deal structuring, talking with people about possibly raising money for deals.”

A big attraction for Coffman is that the firm is open to expanding its portfolio and reputation. Coffman’s role will be in project management, looking at new acquisitions and determining what is the best use of time and assets, among others.

“I’ve got a lot of arrows in the quiver and to be able to have the track record and the balance sheet that Brad and Lance bring to the table is not only going to lead the development team but procure new opportunities and bring a fresh perspective to the table,” Coffman said.

Coffman comes to Allen Sigmon by way of Marcus & Millichap‘s New Mexico office. Before that, he spent the past few years with Pegasus Retail and NAI Maestas & Ward, now known as NAI Sun Vista. Over his time at Pegasus, Coffman worked on deals to bring Dunkin’HomeSmartLerner & Rowe and Unleashed Sports Nutrition and several others to the area.

Coffman has shared he’s wanted to into the development and in a principal, ownership role. When the opportunity presented itself to work in that role with Allen Sigmon, he departed Marcus & Millichap from his role as a commercial real estate agent. He started with Marcus & Millichap in May, Business First reported.

“We are so excited that Gannon is joining the Allen Sigmon Real Estate team. He has a tremendous amount of commercial real estate knowledge, especially on the development and acquisition side,” said Sigmon in a statement to Business First. “His being here to help streamline processes, and contributing to our company, is going to be a great benefit. Gannon is going to help us push our projects past the finish line quickly and more efficiently. It’s hard to overstate how important that is for us.”

Over the past few years, Business First reported on Allen Sigmon‘s development side purchasing the Uptown Tower office building, a Los Lunas shopping center and building the Home2Suites by Hilton in Alamogordo. Earlier this month, Business First reported on Allen Sigmon‘s Thomas Mortensen brokering a deal for RISE Basketball School’s first full-time location at 9664 Eagle Ranch Road NW.

Allen Sigmon ranked No. 7 on Business First’s List of Commercial Real Estate Firms after posting $33.93 million in commercial transaction volume in 2020.

Originally reported on ABQ Biz First:

Allen Sigmon Real Estate Group is a full-service commercial real estate company based in Albuquerque with an expertise in acquisitions, brokerage, development, and property management. As a local company, we pride ourselves in our knowledge of the New Mexico commercial market and the relationships we are able to foster compared to larger national firms. Our office works with every kind of commercial property; including office, industrial, retail, land, and multifamily.

Our understanding of client needs and concerns not only comes from our experience as an office but also as owners and investors of commercial property ourselves. We have an excellent team in place that is eager to work on your behalf; our results speak for themselves.