December 15, 2013

BIO J. Richard (Rick) Hill

Overview Rick Hill has been an influential leader in the real estate industry for over thirty-five years. He is known as an innovator in the planning of retail marketplaces. His experience includes all aspects of retail real estate strategy development and implementation with a focus on market research and retail sales forecasting, strategic planning, concept development, site planning and design direction, leasing, development management, and consumer marketing.

Mr. Hill has been deeply involved with the numerous transformative real estate developments. He has masterminded many of the nation’s pioneering retail developments including lifestyle, entertainment, resort, town centers and mixed-use developments.

He is a much-sought-writer, lecturer, and speaker on shopping center formats and the consumer distribution channel. He has been a contributing writer to over a dozen published articles, and speaks extensively on shopping center formats, retail goods distribution channel, and the changing consumer. He achieved the honor of being in the first group of Senior Certified Leasing Specialists (CLS) by the International Council of Shopping Centers (ICSC) and served on a committee to write test questions for subsequent years and has been the recipient of several international awards from the ICSC (best consumer marketing campaign, best grand opening, and best redevelopment) and the Urban Land Institute (best redevelopment).

He began his career with national mall developer, The Rouse Company of Columbia, Maryland, where he spent eight years directing the marketing, research, leasing, management and redevelopment of enclosed malls. He founded Hill Partners, Inc. in 1983, a national property management company with a concentration on specialty centers in large metropolitan markets. In 2001 he sold the management portion of his business to focus on providing market research, strategic planning, and development services for retail and mixed-use focused properties.

Projects/Clients

Noted projects directed by Mr. Hill include the redevelopment of the Jackson Brewery located on Jackson Square in New Orleans; the redevelopment of Fashion Island and creation of the retail strategy for the Village at Gulfstream Park in Miami, FL; the development of Barefoot Landing in Myrtle Beach, SC; and the merchandising strategy for the redevelopment in New York’s Coney Island.

Outside of the shopping center industry he has created strategic plans for such notable non-traditional retail environments as the Sears Tower in Chicago, 14 luxury hotels, indoor water parks, train terminals, the Sponsor Pavilions for the 1996 Atlanta Olympics, 11 U.S. National Parks. Hotels and resort properties include Doral Country Club, Silver Star Casino, La Costa Resort, Four Seasons Punta Mita, Four Seasons Maui, Ritz Carlton Half Moon Bay, and Ritz Carlton Laguna Nigel.

Public sector work include the Plaza-Midwood District, Charlotte, NC; Fairlie-Poplar District, Atlanta Georgia; The Chairman’s District adjacent to Tiananmen Square in Beijing China; Pellissippi Town Center, Oak Ridge, TN; Litchfield Park Village Center, Phoenix, AZ; and Sun Valley Research Institute, Haley, ID.

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His clients have included the public sector, institutional owners, and private owners such as New York Life, Teachers Insurance, Stanford University Pension Fund, Magna Entertainment, Sterling Capital, Strategic Hotels & Resorts, City of Atlanta and City of Beijing, China.

Leasing

Throughout his career, Mr. Hill has leased well over 5,000,000 square feet of retail space including obtaining the commitment of IKEA enter the United States and open their first store in Plymouth Mall in Philadelphia. He has concluded lease transactions with all retail, entertainment and restaurants types.

EXPERIENCE OVERVIEW

Produced strategic plans that created the concept and lease strategy for 146 properties covering virtually every major market in the U.S.

Planned, developed, redeveloped, leased and operated more than 30,000,000 square feet of shopping center space.

Successfully serviced an extensive list of institutional clients including Aetna Life Insurance, Liberty Mutual, TIAA-CREF, New York Life, Stanford University Pension Fund, GE Investments, and Wells Fargo Bank.

Concluded lease transactions with a wide variety of retailers including fashion, lifestyle, off-price, restaurants, entertainment, and major anchors representing over 5,000,000 square feet.

Highly knowledgeable in all retail property types including regional malls, fashion centers, lifestyle centers, traditional main streets and town centers, urban neighborhoods, entertainment districts, and luxury resorts.

Created strategic plans for such notable non-traditional retail environments as the Sears Tower in Chicago; the Northwest Atrium, Chicago’s busiest commuter train terminal; Sponsor Pavilions of the 1996 Olympics; and 11 National Parks (i.e. Zion, Bryce, Yosemite, and Mesa Verde National Parks)

SUMMARY OF ACCOMPLISHMENTS

Created, built and managed a highly successful third party property management team that operated approximately 10,000,000 square feet of retail space.

Successfully redeveloped 33 retail properties which obtained sales, rents, occupancies, and internal rates of return substantially exceeding national averages.

Widely recognized as a leading retail real estate innovator. Recipient of international awards from the International Council of Shopping Centers and the Urban Land Institute.

PROJECT SUMMARY

Urban Mixed-Use: Bridges of Saint Paul, mixed-use office, residential, and retail development anchored by AMC Cinema and Westin Hotel (500,000 square feet of retail, restaurants, and entertainment), St. Paul, MN; Peachtree Center, mixed-use development totaling 4,500,000 square feet anchored by the Marriott Marque Hotel, Hyatt Regency Hotel, and Hard Rock Cafe (180,000 square feet of retail and restaurants), Atlanta, GA; Hoboken Cove, a mixed-use office, residential, and retail development on the Hudson River overlooking New York City (60,000 square feet of retail and restaurants), Hoboken, NJ; and Miami World Center, a 12,000,000 square foot office, convention center, three hotels, residential and retail development anchored by Macy’s and Bloomingdales (1,200,000 square feet of department stores, street retail, restaurants, and entertainment), Miami, FL.

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Entertainment: Village of Gulfstream, a thoroughbred race track, casino, and lifestyle and entertainment center (400,000 square feet of retail, restaurants, and entertainment), Hallandale, Fl; Coney Island, a historic amusement park, boardwalk, circus, indoor water park, hotel, residential, cinema and retail development (500,000 square feet of retail, restaurants, boardwalk shops, and entertainment), Brooklyn, NY; Glacier Village, a 400 room hotel, three indoor water park, and specialty retail village (120,000 square feet of retail and restaurants), Wisconsin Dells, WI; Waveyard, an extreme water sports, hotel, residential and retail development (350,000 square feet of retail, restaurants and entertainment), Mesa, AZ; and Barefoot Landing, 100 shops, restaurants, and entertainment boardwalk development (350,000 square feet), anchored by House of Blues, Alabama Theater, and Alligator Adventure.

Main Streets and Villages: Shops of Primrose Brook, Bernardsville, NJ; Plaza-Midwood District, Charlotte, NC; Fairlie-Poplar District, Atlanta Georgia; Kentlands, Gaithersburg, MD; North Miami; Sun Valley Institute, Hailey ID; Pellissippi Town Center, Oak Ridge National Laboratory, Oakridge, TN; and Shops of Malibu, La Paz Ranch, Malibu, CA

Resorts and Hotels: Isla Moda – Viceroy Hotel (Dubai, United Arab Emirates); Desert Ocean (La Quinta, CA); La Costa Resort & Spa (Carlsbad, CA); Del Coronado Hotel & Resort (Coronado Beach, CA); Four Seasons Resort (Punta Mita, Mexico); Four Seasons Resort (Maui, HI); Ritz Carlton Resort (Half Moon Bay, CA); Ritz Carlton Hotel (Laguna Nigel, CA); Saint Francis Hotel (San Francisco, CA); Fairmont Miramar Hotel (Santa Monica, CA); Fairmont Princess (Scottsdale, AZ); Fairmont Hotel (Chicago, IL); Intercontinental Hotel (Chicago, IL); Intercontinental Hotel (Miami); and Lowes Hotel (Santa Monica, CA).

Lifestyle Centers: Clay Terrace (450,000 square feet of retail, restaurants, and entertainment), Carmel, IN; Westport Village (280,000 square feet of retail and restaurants), Louisville, KY; Promenade (400,000 square feet of retail, restaurants, and entertainment), Catonsville, MD; The Meadows (400,000 square feet of retail, restaurants, and entertainment), Castle Rock, CO; Colorado Crossing (400,000 square feet of retail, restaurants, and entertainment), Colorado Springs, CO; and San Francisco Inner Harbor, a mixed-use hotel and retail development (400,000 square feet of retail, restaurants, and entertainment), Redwood City, CA.

AWARDS ULI Award for Design and Development Excellence (Fashion Island) ICSC Award of Merit (Fashion Island) SADI Award (Fashion Island) ICSC Maxi Award for Consumer Marketing (Worthington Square) ICSC Maxi Award for Best Grand Opening of an Urban Retail Development (Cityfair) ICSC Maxi Award for Consumer Marketing (Newmarket) EDUCATION ICSC Senior Certified Leasing Specialist (CLS) Licensed Real Estate Broker North Carolina, South Carolina and Kentucky 1983-2010 Stanford University – Palo Alto, CA Executive Entrepreneur Program, 1994 University of Kentucky – Lexington, KY Bachelor of Arts, 1974

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