Spokane real estate broker opens Prudential office here

Journal of Business, May 17, 2007 by McLean, Mike

Shaun M. Meeds, a commercial real estate manager here, has opened a new brokerage called Prudential Commercial Real Estate Solutions of Spokane.

Prudential CRES provides commercial, industrial, and investment real estate services for companies needing to lease, buy, or sell real estate, says Meeds, who owns the brokerage.

He and an associate broker are working out of a 1,200square-foot leased office space in the HBM building, at 1717 W. Northwest Blvd., and Meeds says he intends to hire eight agents.

The Northwest Boulevard office is Prudential CRES' first entry into the Spokane real estate market.

Meeds says he owns the franchise rights for the Prudential CRES network to all of Spokane County, and plans to expand in the future.

"I plan on having three offices within the next couple of years," he says, adding that he expects each office to have about 10 employees.

He says his goal for Prudential CRES of Spokane is to have a sales volume of at least $30 million in its first year.

Before opening his own brokerage, Meeds says he was the commercial real estate manager for five years at Coldwell Banker Northwest Group, in Spokane, where he started as an agent a year before that. Meeds says he owned a grocery store in Wilbur, Wash., for three years before starting his real estate career.

He says he obtained the Prudential CRES franchise because Prudential is a global company that didn't have a commercial real estate presence in Spokane. Prudential CRES is an affiliate of Newark, N.J.-based Prudential Financial Inc., which was founded in 1875.