PERFECT Partnership Amy Malloy & Heather Personne Evolve Ventures
In March 2019, one year prior to the pandemic shutdowns, entrepreneurs Heather Personne and Amy Malloy started Evolve Ventures. “It is hard to believe it has been two years for our company,” says Personne. “Time has flown by, but our partnership feels like such a permanent fixture,” Malloy says.
STARTING POINTS
According to the most recent statistics from the National Association of Women Business Owners, “More than 11.6 million firms are owned by women, employing nearly 9 million people, and generating $1.7 trillion in sales.” Managing Partners Malloy and Personne have embraced the opportunity to build one of the Valley’s premier commercial real estate firms. “Evolve is focused on real estate development and advisory throughout Arizona and the Southwest,” says Malloy. “We really wanted to make sure that we would be providing a service that was needed and that we could find a way to start our own development projects,” says Personne. “We had wonderful development partners who gave us great advice and supported us out of the gate.”
BACKGROUND
In their respective 25- and 15-year careers in CRE, Personne and Malloy share one commonality: Evergreen Devco. “I was a principal there during part of my tenure from 19952015,” Personne says. “Interestingly though, I did not arrive at Evergreen until 2016,” says Malloy. And both took their own track before joining forces at Evolve. “Subsequent to
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Evergreen, I worked at ViaWest Group and Point B,” says Personne. “I spent 10 years at Macerich before arriving at Evergreen, and then some time at Pederson Group prior to teaming with Heather at Evolve,” Malloy says.
EVOLVE
Two years in, Evolve is gaining momentum with a pipeline of development and consultancy projects in retail, residential, health care, office, land planning, mixed-use and multifamily, according to the company’s website. “When we launched Evolve, we focused first on creating a successful advisory practice with a goal to begin pursuing our own retail and multifamily development projects within the first few years,” says Personne. “In 2020, we saw a need to move more quickly and to focus more specifically on multifamily in the near term. We were fortunate to team up with some fantastic partners to kick things off,” Malloy says.
APPROACH
Successful teams depend on a great mix of competencies and capabilities, and Personne and Malloy bring a diverse set of talents to their operation. “When we first began talking about © MPmedia, LLC 2021