Ray Schupp

Ray Schupp

Meet Ray

Ray is native Washingtonian specializing in retail tenant and landlord representation in the Washington DC, Maryland, Virginia and West Virginia markets. Ray joined H&R Retail as a Principal in 2015 and currently leases over 3M SF of retail space for developers such as Kimco Realty, Boston Properties, MetLife, Acadia Realty Trust, Howard Hughes Corporation, Madison Marquette, Skanska, Foulger Pratt, SJC Ventures, and Inventrust Property Management. Some of Ray’s notable projects include the repositioning of Kentlands Market Square (Whole Foods Market and Cinepolis anchored), West Broad Marketplace (Wegman’s and Cabelas anchored), and Merriweather District, among others.

Ray facilitates store expansion strategies, site selection, acquisition, merchandising, securing anchor tenants and lease negotiation for tenants and developers. His broad experience spectrum stretches from suburban shopping centers to urban retail in mixed use developments. Ray has represented Restoration Hardware, Whole Foods Market, Target, Dave & Buster’s, PetSmart, BJ’s Wholesale Club, Weis Markets, Dick’s Sporting Goods, Field and Stream, Lowe’s Home Improvement, Golf Galaxy, Gabe’s, LA Fitness, iFly, JoAnn Fabric and Craft Stores, Michael’s Arts & Crafts, T Mobile, Merlin Entertainment (Legoland & Sea Life) and Ruth’s Chris.

Ray won the WBJ “Best Lease” of 2022 for Legoland Discovery Center in Springfield, VA.  Ray resides in Washington, DC with his wife and son.

Education, Affiliations & Achievements

  • B.A. Economics, Drew University
  • MPS Real Estate, Georgetown University
  • Winner, “Best Lease of the Year” by WBJ 2022
  • Runner Up, Retail “Deal of the Year” by WBJ 2011
  • CoStar Power Broker 2008, 2009, 2012, 2013, 2014, 2016, 2018, 2019, 2020, and 2022
  • Member, International Conference of Shopping Centers (ICSC)
  • Member, ChainLinks Retail Advisors
  • Board of Trustees, Washington Episcopal School


Ray has closed over 7M SF of anchor, restaurant and retail space during his career