NEW YORK, April 26, 2017 /PRNewswire/ -- Brixmor Property
Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today
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.
CONNECT WITH BRIXMOR
- For additional information, please visit www.brixmor.com;
- Follow Brixmor on Twitter at www.twitter.com/Brixmor;
- Find Brixmor on LinkedIn at
www.linkedin.com/company/brixmor.
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.
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SOURCE Brixmor Property Group Inc.