NEW YORK, 2017-Apr-28 — /EPR Retail News/ — Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today (April 26, 2017) the appointment of industry veteran Vincent A. Corno as Executive Vice President – President, Midwest, effective May 8, 2017. As head of the Midwest region, Mr. Corno will have strategic and day-to-day responsibility for the leasing, value-enhancing reinvestment and ancillary income efforts for more than 20 million square feet of open-air retail properties. He joins a team of talented and experienced regional presidents, including David Vender in the North, Barry Rodenstein in the South and Matthew Berger in the West. Mr. Corno will replace Thomas Litzler, who is retiring next month, and will report to Brian Finnegan, Executive Vice President, Leasing.
“We are very excited to have Vince, a universally well-regarded and seasoned real estate executive, join our team and help us continue to unlock the growth opportunities embedded within the Midwest portfolio,” commented James Taylor, Chief Executive Officer and President. “We are also very grateful to Tom for his leadership and invaluable contributions to the Company over many years. We wish him and his family a happy and healthy retirement.”
“Vince brings the unique and valuable perspective of someone who has led real estate strategy for both institutional landlords, as well as large and successful retailers,” continued Mr. Finnegan. “I am thrilled and honored to have someone of Vince’s character and leadership ability join our team and help us continue to drive outperformance.”
Mr. Corno has more than 25 years of retail real estate experience and most recently served as Executive Vice President Leasing and Development of DDR where he was responsible for more than 100 million square feet of retail assets. Prior to joining DDR in 2016, he was the Senior Vice President Real Estate of Dick’s Sporting Goods, where he led its national real estate initiatives, including an annual new store growth program of 40 to 50 stores and 30 to 50 renewals per year. From 2008 to 2014, Mr. Corno was Senior Vice President Real Estate, Saks Incorporated where he oversaw new store development, expansions, remodels and the disposition of excess real estate. At Saks, he grew Saks Fifth Avenue OFF 5TH by over 50% in six years, including initiating its growth strategy outside of conventional outlet centers. He also previously held senior real estate positions at Forest City Enterprises and The May Department Stores Company. Mr. Corno is a member of the Illinois and Missouri Bar Associations, holds a Certified Public Accountant certificate and is a current trustee of the International Council of Shopping Centers.
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ABOUT BRIXMOR PROPERTY GROUP
Brixmor Property Group, a real estate investment trust (REIT), is a leading owner and operator of high-quality, open-air shopping centers. The Company’s more than 500 retail centers comprise 86 million square feet in established trade areas across the nation and are supported by a diverse mix of highly productive non-discretionary and value-oriented retailers, as well as consumer-oriented service providers. Brixmor is committed to maximizing the value of its portfolio by prioritizing investments, cultivating relationships and capitalizing on embedded growth opportunities through driving rents, increasing occupancy and pursuing value-enhancing reinvestment opportunities. Headquartered in New York City, Brixmor is a partner to more than 5,500 best-in-class national, regional and local tenants and is the largest landlord to The TJX Companies and The Kroger Company.
SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company’s filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
SOURCE: Brixmor Property Group Inc.