Brixmor Property Group, a leading New York City-based owner and operator of high-quality, open-air shopping centers, recently revealed that appointment of William (Bill) L. Brown as Executive Vice President, Development and Redevelopment. Brown will have strategic and day-to-day responsibility for the company’s expanding redevelopment program.
According to a prepared statement, the redevelopment program is focused on reconfiguring and improving older, well-located shopping centers to better serve their local communities and deliver compelling returns.
“With over 25 years of redevelopment and development experience, primarily in the shopping center space, Bill’s expertise and oversight will help us accelerate the tremendous value-creation opportunities within our portfolio. His proven leadership and execution capabilities from project conception to completion are a strong addition to our best-in-class leasing, operating and construction teams,” says James Taylor, Chief Executive Officer and President.
Brown most recently served as Executive Vice President of Development for Equity One Inc., where he built a $1 billion ten-year vertically integrated, multi-use redevelopment pipeline. From 2004 to 2015, he was a Regional Vice President, Development and former President – KDI for Kimco Realty Corp., where he managed more than 50 development projects, including overseeing highest-and-best-use analysis, underwriting and the entitlement and governmental approvals processes. He also previously held senior real estate positions at Schnitzer Northwest Inc. and Myers Development Co.
The REIT currently has more than 500 retail centers comprising 85 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.