CHICAGO, Oct. 14, 2015 /PRNewswire/ -- Outlet industry veterans Lisa Wagner and David Hinkle today announced the formation of The Outlet Resource Group, LLC (TORG). The company will work with owners and developers to maximize performance of existing centers, develop new outlet center destinations and provide professional guidance on retail expansion.
Wagner and Hinkle will serve as principals, leading an all-star cast of senior executives including:
- Mitchell Brown – Chief Operating Officer and Senior Vice President of Marketing
- Ron Simkin – Senior Vice President of Leasing
- Marc Gurstel – Vice President of Leasing
TORG's senior management averages over 25 years of industry experience domestically and abroad.
"TORG's breadth of knowledge spans from international retail expertise to development and asset management," stated Lisa Wagner. "We have amassed an unparalleled group of experts wholly focused on maximizing value for our stakeholders."
"From leasing and marketing to development and acquisition advisory, our deeply experienced, innovative and insightful team applies its expertise to deliver sector-leading outlet centers and create sustainable value for investors, owners, retailers, shoppers and communities," said David Hinkle.
TORG has formed a partnership with Singerman Real Estate Services, LLC (SRE) to assist with the acquisition and financing of outlet centers. This partnership allows TORG to invest in projects, assist with recapitalization strategies and provide financial expertise to clients. Unique in the industry, the SRE alliance provides TORG with a strong strategic advantage.
"Singerman's confidence in our vision, our team and our platform underpins the foundation of our company," said Hinkle. "To have such a well-respected investor and partner enhances our service offer and provides credibility with clients and prospects."
TORG's best-in-class team is the only global alliance that delivers a truly comprehensive approach to outlet centers. TORG's service lines include:
- Comprehensive Leasing Services
- Strategic Marketing and Positioning (both B2B and B2C)
- Development Consultation
- Acquisition Advisory
- Tenant Representation
- Global Brand Representation
- Property Management (through a strategic alliance with Avison Young)
TORG is the only organization in the sector that has the background and experience to apply its approach not only to U.S. centers, but also to centers in Europe and across the globe.
TORG's roster of clients includes five operating centers and two development properties:
- Operating Centers
- Lincoln City Outlets – Lincoln City, Oregon
- Outlet Shops of Grand River – Birmingham, Alabama
- Outlets at Kittery – Kittery, Maine
- Outlets at Tuscola – Tuscola, Illinois
- Outlets at West Branch – West Branch, Michigan
- Development Properties:
- Outlets at Celebration Pointe – Gainesville, Florida
- Pinnacle Outlets – Bristol, Tennessee
"David and I are excited about the formation of the company and proud of the talent we have been able to assemble," stated Wagner. "The excellent reception we received at the recent VRN conference has been sustained, and we look forward to continuing to work to make our clients' centers the retail destinations of choice for shoppers around the world."
For more information, visit outletresource.com.
SOURCE The Outlet Resource Group, LLC