URGENT UPDATE: Hilco Global has just announced the appointment of Mitch Friedel as executive director, aiming to enhance its prowess in retail development and mixed-use projects. This strategic move is set to significantly bolster Hilco’s capabilities in guiding “owners and developers” to navigate the evolving landscape of modern retail environments.
Neil Aaronson, president of Hilco Global, Americas, stated, “Mitch brings a history of successful outcomes for some of the most healthy and vibrant large-scale retail and mixed-use developments in numerous high-growth North American markets.” His extensive experience spans over 30 years, leading high-profile projects such as the iconic Time Warner Center in Manhattan and the $1 billion redevelopment of Disney Springs in Orlando.
Friedel expressed enthusiasm for joining Hilco, describing it as “an organization with significant retail experience and momentum.” He emphasized the firm’s unique platform, which integrates professional services with capital solutions, positioning it to effectively create long-term asset value for its clients.
In a critical move for retail growth, Hilco became a subsidiary of Orix Corp. USA last year, a diversified financial services company. This backing enables Hilco to directly lend to clients aiming to expand their brick-and-mortar retail presence, a vital strategy as many retailers adapt to changing consumer behaviors.
This announcement is particularly relevant as the retail sector continues to face significant challenges and transformations. The integration of Friedel’s expertise is expected to lead to innovative solutions and strategies that will reshape retail landscapes across North America.
As Hilco moves forward with Friedel at the helm of its real estate advisory, stakeholders will be keenly watching for the impact of this leadership change on upcoming projects and partnerships. The retail industry is on high alert for fresh developments from Hilco Global as it seeks to redefine the future of retail spaces.
