In 1990, Phillips joined Hock Development, Inc. where he structured development programs for medical office buildings throughout the Southeast. The companys position in the marketplace increased remarkably with his leadership.
It was at Hock Development, Inc., under the tutelage of his mentor and the principal, Gary Hock, that he learned the inner workings of corporate real estate structure.
Following his departure from Hock Development, Inc. in 1994, his first transaction was the Triangle SportsPlex, an 82,000 square foot facility combining an Olympic-size aquatic center, hockey rink and public concession area. The transaction, which occurred in North Carolina, was an IRS 63-20 bond (a nonprofit, single purpose entity issuing a non-rated, tax exempt bond through private placement) offering for $10.6 million.
Phillips has been the driving force behind the upscale residential and mixed-use developments of PDR. Most recently, he has been recognized for work underway in St. Petersburg and Tampa, FL and for past projects such as Phillips University Center in Charlotte, N.C., Phillips International in Tampa, FL, Phillips at McKinney Ranch in Texas and the one-million- square foot, mixed-use project in Houston known as Mosaic.
In 2003, Phillips relocated the PDR headquarters from Raleigh to Tampa, Fla. Since then, he has continued to build a legacy representing quality and integrity in the industry, and his work has captured the attention of leaders throughout the state.