Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-The Staubach Co. has named its first development director for the recently formed Velocity Development Services, drawing on the Dallas/Fort Worth ranks of retail tenant reps to fill the post.

The job change for Patrick Sauer, who spent the past five years with CB Richard Ellis Inc. as a senior account manager, delivers a seasoned developer with a prized black book of clients. “CB’s a great company, but for what we do on the tenant side of the retail business, it made a lot of sense to come to Staubach,” he tells GlobeSt.com.

Staubach set up Velocity Development Services earlier this summer, naming well-known Arizona broker, David Cheatham, as president of the group based in Staubach Retail’s West region in Phoenix. Sauer will continue to use Dallas as his operating base. “It makes sense for me to be centrally located,” Sauer says, adding more regional development directors will be hired as the Velocity group gains ground.

Sauer, also given a vice president’s title, came on board with projects in the pipeline and a client roster that includes CVS/Pharmacy, Smart & Final, Citibank, Havertys Furniture, Bridgestone Firestone, Sleep Experts and Floors Today. He says Velocity’s upcoming projects are single and two-tenant buildings under 15,000 sf and scattered across the US. Several projects are in escrow, he adds.

Prior to his stint with CBRE, Sauer was vice president and development director for the Dallas-based US Restaurant Properties Inc. He also spent more than 10 years with Mobil Oil Corp., specializing in new store development in the US. CBRE’s policy is not to comment on exits.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.