Kohl’s real estate head joins CBRE’s retail group
The head of real estate at Kohl's has departed the company.
Scott Schnuckel, who joined Kohl’s as a financial planning analyst in 2006 and rose to head the chain’s real estate operation, has been named managing director at global retail services CBRE company. He will support Laura Barr, CBRE’s director of Americas Retail, in executing her growth plan for the unit.
As VP of property development and head of real estate at Kohl's, Schnuckel led all functions of its real estate operation, focusing on new locations, relocations, redevelopment, lease restructuring and capital markets. During his tenure, he directed dozens of Kohl's store openings across multiple formats and achieved more than $300 million in disposition proceeds and over $200 million in value creation through lease restructuring, CBRE stated in a release.
"Scott’s strategic mind, industry respect, and insightful understanding of the future of our industry are invaluable assets to CBRE Retail,” Barr commented. “His addition will enhance our team’s impact both internally and externally, and we are confident his leadership will help elevate our platform to ‘a new best,’ producing exceptional outcomes."
Schnuckel was deeply involved in the formation and execution of Kohl’s partnership with Sephora, focusing on store selection methodology, sales forecasting, and new store planning.
Sephora’s 750-sq.-ft. shops — which feature a curated assortment of top beauty products in makeup, skin and hair — are currently found in 1,000-plus Kohl’s nationwide.
“I'm thrilled to join the CBRE team and be part of the incredible innovation happening here,” Schnuckel said. “This role feels custom-built for my experiences and passion for building exceptional programming that drives results. I can't wait to dig in with this industry-leading team to grow the business and exceed client expectations.”
Schnuckel holds an MBA in Financial Strategy and a BBA in Finance & Accounting from the University of Wisconsin-Milwaukee. He is also a trustee board member and 4 Under 40 Award Recipient from ICSC, and an adjunct instructor of Real Estate at Marquette University.
