I am using Arc Map 10.2 and I have a shapefile consisting of parcel data. I would like to create a shapefile/layer from the existing parcel shapefile by using a table that consists of a list of addresses that match up to the attribute associated with the parcel layer.
It sounds like all you need is a simple join. Use the join tool and use a common field to combine the table and shapefile together.
EDIT: I see now it is a new shapefile you want. In that case I would still do the join and then save the joined shapefile as a new shapefile.