Western States
Ventura Place Shopping Center

UNDER CONTRACT - Bed Bath and Beyond Anchored and Trader Joe's co-anchored shopping center


Regional Mall Outparcel Strip Center

RECENTLY SOLD - Cottonwood regional mall outparcel strip center.

100% leased to Panda Express, SportClips, & ColdStone

Single Tenant NNN

FOR SALE - Kelly Liquors free standing single tenant absolute NNN, no landlord responsibilities. 9+ years remaining


$1,600,000 - 7.27 cap

Single Tenant NN - Albuquerque, NM

FOR SALE - Single Tenant NN TitleMax

$596,000 - 7.75 cap

Single Tenant NNN - Alamogordo, NM

FOR SALE - Little Caesars NNN investment opportunity

$1,060,000 - 7.00 cap

Single Tenant NNN - Albuquerque, NM

RECENTLY SOLD - Kelly Liquors free standing single tenant NNN in rapidly expanding area of the metro. Brand new ten year lease with annual increases.


RECENTLY SOLD - Trader Joe's NN leased. 

Top Sales & Leasing Firm in 2013

Also recognized individually:

Top Sales Broker

Alfredo Barrenechea

Top Retail Leasing Broker 

Mike Barker

Matt Reeves

Michael Reneau

Western States Retail is a boutique investment real estate firm specializing in acquisition, stabilization, and disposition of investment quality commercial real estate for private and institutional investors. We look forward to helping with your requirement.
About Us

Western States Retail & Investment, based in Albuquerque, NM and serving the entire western United States, is a client-focused boutique brokerage firm specializing in investment quality commercial real estate. Exceeding client’s goals and expectations is our number one priority.

Our firm focuses on the acquisition and disposition of net leased, shopping center, hospitality, industrial, multifamily and office investment real estate. Additionally, we offer select leasing and tenant representation services. The Western States team also provides complete developer services and can help developers through the entire process: from site identification to final disposition of the asset. 

We have the market knowledge to help our clients find real estate that best meets their goals. We have exceptional experience in identifying off market assets so our clients have the ability to buy comfortably without the additional pricing pressures of competing buyers. We are confident that no other firm offers the level of knowledge and experience of our team.

Using the latest technology and our team’s in-depth market knowledge Western States Retail & Investment has created the industry’s definitive investment sales platform. When it comes to selling investment assets, our system, tools, knowledge and experience result in maximum value and the fastest possible sale. With our simple listing service, you can save the negotiating for the buyer. The Western States team can sell your asset faster and for more money than any other firm in the market.

Western States Retail & Investment has extensive experience in the 1031 exchange process. Through our 1031 exchange program, we help our clients sell their investment real estate and exchange into an asset that better suits their goals, whether that be more income, more security, or both. Our clients often realize increases in NOI of 30% or more. No other brokerage firm can claim that level of service!

The Western States Retail & Investment team believes now is the time to help position our clients for a prosperous future in investing in commercial real estate. We look forward to working with you.

Alfredo Barrenechea

Alfredo Barrenechea is a principal and founding member of Western States Retail & Investment. With over 9 years of experience in commercial real estate as a developer, landlord and broker, Mr. Barrenechea has worked with nation’s top tenants such as McDonalds, Dunkin Donuts, Trader Joes, Little Caesars, Albertsons, and Subway as well as most of the country’s active REITs. After being the top producer for the year of 2013 at the largest brokerage firm in New Mexico, Alfredo, along with 3 partners,knew it was time to create an investment focused platform with the resources and agility required to best serve his clients in a rapidly changing marketplace. Thus, Western States Retail & Investment was formed.

Mr. Barrenechea specializes in the acquisition and disposition of net leased, shopping center, and hospitality assets. He also has in-depth experience in multi-family, office and industrial investment real estate. As a developer, Alfredo Barrenechea understands the development process. Alfredo & the Western States team are uniquely positioned to provide top quality service throughout the entire development process. Including site identification, entitlement, lease negotiation, construction and permitting, to disposition of the asset.

Michael Reneau

Following a distinguished 18 year career in executive sales and management with Fortune 100 companies in San Francisco, Dallas and Albuquerque, Michael spent3 years with NAI Maestas & Ward. While there, he was a top-performing broker in the areas of Investment and Retail leasing, earning the CoStar Power Broker award for 2012.

Having lived and worked in the western states of Texas, Colorado, New Mexico, Utah, Idaho and California, Michael has a keen understanding of the commercial real estate dynamics associated with the West and serves as President for the firm.


Matt Reeves

Matt started his career in real estate in the San Francisco Bay Area managing residential and commercial units throughout the South Bay and Peninsula. After successfully assisting in acquisition, renovation, and subsequent disposition of stabilized assets, Matt relocated to the Albuquerque area to manage a portfolio of more than one million square feet of retail, office and multifamily property concentrated in the metro but extending throughout New Mexico and into Nevada, Texas and Arizona. Building on that experience, he joined NAI Maestas & Ward, quickly becoming a top performing broker in the Retail Division. While with NAI, Matt was recognized as a CoStar Power Broker for retail leasing in 2012 and promoted to Senior Advisor.

With a strong background in both investment acquisition, location intelligence in the Southwest, and a proven track record in lease-up/asset stabilization, Matt is a strong fit for the culture and goals of the firm. He serves as Qualifying Broker in the state of New Mexico.

Mike Barker

Mike joined Western States Retail & Investment as a founding member in January 2014. Previously he served as a Senior Advisor at NAI Maestas & Ward where he was an integral part of the retail team with a primary focus on leasing and sales. While at NAI, Mike worked with many local and National brands helping them procure strategic space designed to facilitate future growth and success. He brought value-add to his clients by utilizing his in depth market knowledge to help his clients achieve their goals.

Since beginning his career in 2009 as a leasing agent and director of marketing at Coe and Peterson, LLC, Mike has executed more than 250 commercial lease and sale transactions. In addition to his leasing and sales activities at Coe and Peterson, Mike was responsible for all marketing functions including website development, online media promotions, and marketing collateral production for property flyers, banners and signage.

From 2003 to 2008, Mike was a principal at Prestige Mortgage Group Inc. in Albuquerque. He managed the training and development of loan officers and staff; provided support to current employees for mortgage origination and guideline compliance; originated personal loans through wholesale investors and private lenders; and assisted in the development of a business plan and infrastructure for the company’s start-up.

His exceptional communication skills and in-depth knowledge of finance and commercial real estate allow him to create effective strategies to meet his customers’ needs and objectives. Having owned and operated his own companies, Mike is proficient in all aspects of successful business operations including financial management, contract negotiation and administration, and organizational policy and procedures. A team player with excellent people skills, Mike seeks to build strong relationships and deliver quality service in every transaction. He graduated Cum Laude with a Bachelor of Arts in Business Management and Communications from Concordia University in Indiana.



  • Realty Income

    Realty Income is a 44-year old, publicly traded real estate company dedicated to paying monthly dividends to its shareholders. The revenue to pay these dividends is generated from over 3,800 commercial properties in 49 states and Puerto Rico that we own under long-term leases, primarily with large commercial enterprises that operate multiple locations. Our shares are listed under the ticker symbol "O" on the New York Stock Exchange. 

  • Passco Investments

    PASSCO Companies, LLC owns and manages over $1.8 billion and 19 million square feet of land and class A & B commercial investment property in 20 states.

  • Tabani Group

    Tabani Group is a leading opportunistic, hands-on, real estate investment firm.  We acquire underutilized properties to bring them to their full potential by leveraging relationships and internal capabilities.  Our performance and transactional expertise is built upon our reputation for creativity, judgment, timeliness, and integrity.  Our company owns more than 5 million sq. ft. of properties in multiple markets throughout the United States.

  • Sizzling Platter, LLC

    Sizzling Platter, LLC operates 5 national brands across the western United States and Mexico.  Western States Retail & Investment works as site selection and development coordinators throughout NM and the southwest.

  • SportClips

    Sport Clips is headquartered in Georgetown, Texas and was established in 1993 by founder and CEO Gordon Logan. The sports-themed haircutting franchise, which specializes in haircuts for men and boys, is ranked by Entrepreneur Magazine as one of the top 20 "Fastest-Growing Franchises," and in the top 10 percent of the "Franchise 500."

  • Subway

    As Subway's partner in New Mexico, Western States identifies and facilitates new store expansion and strategic relocation to better serve dense metro, rural and freeway traffic stops throughout the state. Subway has over 39,000 locations surpassing McDonald's as the world's largest fast food chain.

  • Dominos Pizza

    Domino’s Pizza is the 2nd largest pizza chain in the United States and the largest worldwide chain with more than 10,000 corporate and franchised stores.  Western States Retail & Investment is a strategic partner that works with corporate and local franchisees to scout new sites and territories for expansion and relocation. 

  • Dunkin Donuts

    Western States Retail & Investment worked hand in hand with Dunkin Donuts on strategic site selection for future expansion into the Albuquerque metro market.

  • Meineke Car Care Centers

    Meineke Care Care Centers currently operates over 900 locations throughout the United States.  Western States Retail & Investment is a strategic partner that works with Meineke on site selection and territory expansion.  

  • Pizza 9

    Western States Retail & Investment facilitates all new site and territory acquisitions for Pizza 9 directly through their corporate office.  As an exclusive partner for Pizza 9, Western States has helped the brand expand and become the fastest growing pizza chain in New Mexico.  Further expansion into Texas and Colorado is expected soon.

  • Kelly Liquors

    Kelly Liquors is the largest independent liquor store chain in New Mexico.   Western States Retail & Investment is a partner with Kelly’s in their new site acquisitions and real estate dispositions.   Kelly Liquors currently has 18 locations in New Mexico.  

Contact Us
7770 Jefferson NE, Suite 430
        Albuquerque, NM 87109