BREAKING: Hilco Global has just announced the appointment of Mitch Friedel as Executive Director, a significant move aimed at boosting expertise in retail development, mixed-use projects, and real estate advisory. Friedel’s role will focus on collaborating with “owners and developers seeking to strategically expand or reposition modern retail-driven environments,” according to an official statement from Hilco.
Neil Aaronson, President of Hilco Global, Americas, emphasized Friedel’s impressive track record, stating, “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.” This new leadership marks a pivotal moment for Hilco, which aims to capitalize on emerging opportunities in the retail sector.
With over 30 years of experience, Friedel has spearheaded iconic projects including the Time Warner Center in Manhattan, CityPlace in West Palm Beach, and the transformative $1 billion redevelopment of Disney Springs in Orlando. His extensive background positions Hilco to enhance its market impact significantly.
Friedel expressed enthusiasm about joining Hilco, describing it as “an organization with significant retail experience and momentum.” He added, “My clients will welcome Hilco Global’s expertise in long-term asset value creation, which uniquely combines professional services, principal investing, and capital solutions.” This strategic alignment is set to redefine retail landscapes, offering clients innovative pathways to growth.
In a notable context, Hilco became a subsidiary of Orix Corp. USA, a diversified financial services company, last year. This partnership empowers Hilco to directly lend money to clients aspiring to enhance their brick-and-mortar retail presence, enhancing its competitive edge in the industry.
As the retail landscape continues to evolve, the hiring of Mitch Friedel is poised to be a game-changer. Stakeholders and industry observers will be keenly watching how his leadership translates into actionable strategies that drive growth and innovation in retail environments across North America.
This development comes at a crucial time as businesses navigate post-pandemic recovery and seek to attract consumers back into physical retail spaces. Friedel’s appointment signals a strong commitment from Hilco to adapt and thrive in the changing market.
Expect further updates as Friedel settles into his role and begins to implement new initiatives that could reshape the future of retail development.
