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Speakers and Panels

Talking Shop: State of the Retail Market

Capital, Investment, and Market Movements Shaping Commerce

Liz Holland

Liz Holland

CEO

Abbell Associates

Mike Hazinski

Mike Hazinski

Chief Investment Officer

FNRP

Adam Firsel

Adam Firsel

Managing Principal

Core Acquisitions

Deena Zimmerman

Deena Zimmerman

Principal

BaumRealty

Molly Phelan

Molly Phelan

Partner

Siegel Jennings

Andrew Hoppe

Andrew Hoppe

Project Executive

LG Group

Elizabeth Massaro
Moderator

Elizabeth Massaro

Partner

Husch Blackwell

Liz Holland

CEO

Abbell Associates

Elizabeth (Liz) Holland is the Chief Executive Officer of Abbell Associates, an

eighty- year old private real estate investment, development and management

company with an approximately 5.5 million/sf portfolio, comprised of shopping

center, office, and enclosed mall properties. Liz is responsible for overseeing all

business and legal matters, including development, financing, leasing, capital and

construction projects, and investor and tenant relations. Active in the International

Council of Shopping Centers (ICSC), Liz served as the worldwide Chairman (2016-

17). In addition to ICSC, Liz is also a member of the Urban Land Institute (ULI) -

Commercial & Retail Council - Blue.

Liz is a Trustee of Federal Realty Investment Trust (FRT) and a board

member of: VICI Properties, Inc. (VICI); Village Bank & Trust; and The James

Campbell Company, LLC.

Prior to joining Abbell, Liz was a Senior Staff Attorney with the National

Bankruptcy Review Commission, a Congressional commission charged with making

recommendations to amend the Bankruptcy Code. Previously, Liz was a

restructuring and business reorganization attorney with the law firm of Skadden,

Arps, Slate, Meagher & Flom in New York. Prior to becoming an attorney, Liz was a

fixed income portfolio manager at Brown Brothers Harriman & Co. in New York.

Liz currently serves on the board of The Primo Center for Women &

Children. She also served for many years on the boards of Lighthouse Academies;

Uptown United; and 1,000 Friends of Iowa.

Mike Hazinski

Chief Investment Officer

FNRP

Michael serves as FNRP’s Chief Investment Officer, utilizing his extensive background in institutional real estate investments to design and implement strategies to grow FNRP’s portfolio.

During his career, Michael has executed over $4 billion in closed transactions encompassing acquisitions, dispositions, debt financing and joint venture equity. Before joining FNRP, Michael was Senior Vice President, Director of Investments at Retail Properties of America, Inc. (NYSE: RPAI), where he served for fifteen years until its merger with Kite Realty Group Trust (NYSE: KRG). While at RPAI, Michael directed the asset management of institutional joint venture portfolios, before leading national acquisitions and dispositions for the company. Prior to RPAI, Michael worked as an asset manager for a portfolio of closed-end funds invested in retail and multifamily assets.

Michael received his B.S. in Finance from the University of Dayton and an M.B.A. in Finance and Economics from the University of Chicago Booth School of Business.

Adam Firsel

Managing Principal

Core Acquisitions

Adam Firsel is the founder and managing principal of Core Acquisitions. Adam started Core with the intention of creating a full service and fully integrated commercial real estate organization. With Adam’s storied career including investment banking, development, property management, and acquisitions, he brings a wide range of roles and diversity of experience to Core business and culture.

Adam graduated from the University of Wisconsin-Madison with a Bachelors of Business Administration majoring in real estate and urban land economics. After college, Adam was a real estate investment banker with GMAC Commercial Mortgage in Denver, Colorado. In 2003, Adam moved back to his hometown of Chicago to become the Director of Finance & Development for Mid-America Development Partners. Adam then joined Crossroads Development Partners as a Principal and subsequently became the Director of Acquisitions for Next Realty. In 2011, Firsel formed Core Equities, LLC which focused on property management, leasing, receiverships, acquisitions, and development. In 2014, Adam renamed the company to Core Acquisitions, LLC when he partnered with Core’s other Principal, Bradley Joseph, to

focus primarily on value-add acquisitions, property management, and development projects.

Through a career that has allowed Adam to succeed in many roles, he has focused expertise in development & construction management, project analysis, and asset management among other skill sets. Adam has been involved with the complete life cycle of many complicated and successful projects in all property types including retail, office, hotel, mixed-use, apartments, and industrial. The transaction types have been note purchases, auctions, joint ventures, public-private partnerships, and traditional arms-length transactions.

All said, Adam has been the managing principal on over 25 projects in the last 6 years, and in his career has been involved on the principal side in over one hundred projects totaling over two billion dollars of project cost and millions of square feet of real estate.

Molly Phelan

Partner

Siegel Jennings

Molly is a partner in the Chicago Office of Siegel Jennings, a national property tax law firm. As a litigator and trusted advisor, she collaborates with Owners, Asset Managers, Acquisition teams and Tax Departments to identify, create and execute property tax reduction strategies. She becomes a member of her clients’ management team. Her goal is to maximize and protect the full potential of real estate assets, minimize related tax liabilities, and resolve disputes with tax authorities and government entities.

Molly’s client experience ranges from family owned 1031 portfolios to national commercial investment funds, including special use properties such as hospital campuses to multi-million-dollar manufacturing facilities.

Her comprehensive understanding of the commercial real estate market was developed in part through her time as a real estate broker in the Chicago area prior to starting her legal career. Molly regularly represents clients in hearings before review boards, local assessors’ offices, the

Illinois Property Tax Appeal Board, and the circuit courts.

Andrew Hoppe

Project Executive

LG Group

Andrew brings 19 years of commercial construction experience to the company with a background in Tenant Improvement and renovation projects both in Chicago and Nationally. He supports the growth of the company’s commercial construction group in and outside of Chicago, with a focus on office retail interiors by leading business development, pre-construction planning, and project execution.

Andrew has lived in and around Chicago for 21 years and working in the construction industry for 27 years, beginning in high school framing single family homes in Missouri. He graduated from the University of Missouri with a degree in Business Administration. His education and love for being involved in building something tangible and special brought him to Chicago to pursue a career in commercial construction. In his free time, Andrew enjoys playing golf and doing just about anything with his wife and two children.

Suburban Vs. Urban Retail

Key differences and areas of overlap across varied retail experiences, as told through operational best practices

Adam Tritt

Adam Tritt

Chief Development Officer

Brookfield

Ramzi Hassan

Ramzi Hassan

President

Edwards Realty Company

Jim Harris

Jim Harris

Vice President of Tenant Partnership & Engagement

Navy Pier

Sam Whitebread

Sam Whitebread

VP, Development & Tenant Coordination

Centennial

Andy Schnack
Moderator

Andy Schnack

Vice President, Sales

Zentro

Adam Tritt

Chief Development Officer

Brookfield

As Chief Development Officer, Adam Tritt spearheads our portfolio of development projects and oversees the construction, design, development, tenant coordination, and CAD teams. In this role he is responsible for the company's long term development pipeline in excess of $3 billion, leading strategies to achieve $200 million in capital growth.

Adam previously served as the Executive Vice President of Development for Brookfield Properties' retail group. He began his career with the company in 1999 as an analyst in the development group.

Adam earned a bachelor's degree in engineering from the University of Pennsylvania as well as bachelor's degrees in real estate and finance from The Wharton School of the University of Pennsylvania.

Ramzi Hassan

President

Edwards Realty Company

Ramzi Hassan is the President of Edwards Realty Company, a leading Commercial Development and Property Management firm based in Orland Park, IL.

Hassan has completed over $250M in retail and mixed-use projects since 2003, finding significant opportunity and upside in distressed assets. Hassan’s keen sense of how community drives commerce, combined with his involvement in the music and fashion industry have helped inform his real estate strategy. Edwards Realty Company owns and manages more than one million square feet of commercial real estate property in the midwest. The firm is actively investing in new mixed-use properties in key growth markets.

Hassan earned a Bachelor of Science Degree in Finance with a concentration in Real Estate from DePaul University. He is an active member of the International Council of Shopping Centers (ICSC) and President-Elect of the Orland Park Area Chamber of Commerce and a Member of the Economic Development Committee (EDC) in the Village of Burr Ridge. Ramzi holds his managing broker license in Illinois, Missouri and Michigan.

Opening Remarks

Mayor Gary Grasso

Mayor Gary Grasso

Mayor

Burr Ridge Village Hall

Tony Schiappa

Tony Schiappa

Economic Development Committee Chair

Burr Ridge Village Hall

Mayor Gary Grasso

Mayor

Burr Ridge Village Hall

Mayor Grasso has a long history of public service, serving two tenures as Mayor (2005-12; 2019-present) as well as two terms on the DuPage County Board (2012-18). While on the County Board, he served as Chairman of the 911 Emergency Telephone System Board and led efforts to build two state-of-the-art call centers. Mayor Grasso also previously served on the County Board of Health for 13 years.

Prior to living in Burr Ridge, Gary served for several years on the Thomas Ford Library Board, and then on its foundation, while also being elected by parishioners to the St. John of Cross Parish Council and School Board. After moving to Burr Ridge in 1995, Gary served on the Village’s Environmental Quality Commission, was then elected as Trustee, and finally became Mayor in 2005.

Mayor Grasso boasts a 40-year career as an attorney and litigator, representing clients in cases related to real estate, commercial transactions, and business reorganizations. His current practice focuses on attorney malpractice issues. Gary has been selected as one of Illinois’ Leading Lawyers three times. Gary has lived in Burr Ridge for almost 30 years and is married to former Trustee Janet Grasso, while also has six children and six grandchildren.

Tony Schiappa

Economic Development Committee Chair

Burr Ridge Village Hall

Trustee Schiappa has been a Burr Ridge resident for more than 30 years and is in his second term as Trustee. He serves as the chair of the Economic Development Committee and works on the Streets Policy Committee, Personnel Committee, and the Environmental Quality Committee. He is also the acting liquor commissioner.

Trustee Schiappa's broad career expanded from investment brokerage to banking and ultimately to entrepreneurship. He then went on to work in the banking industry by helping small to mid-size business owners achieve their financial goals. Trustee Schiappa recently started and operated two small businesses: a print shop and a property management firm. After making the print shop operational and profitable, he eventually sold it to a strategic acquirer. Trustee Schiappa has also helped start and grow a non-profit organization that serves underprivileged Chicago residents by helping prepare their tax returns.

Trustee Schiappa's experience has allowed him to provide creative solutions to complex challenges. He is a seasoned executive with experience in sales, negotiation, and operations, as he has personally taken a company from inception to sale.

Trustee Schiappa is a father, husband, marathon runner, and voracious reader. He loves to read about the history of successful businesses and business executives.

Why You Should Buy What We're Selling

We'll Cover:

  1. The State of the Market

    • How are retail operators working to stay competitive in a challenging economic landscape so often stacked against them?

  2. Experiential Retail

    • In a digital age, what sorts of unique retail experiences are getting people in the door?

  3. Destination Placemaking

    • The evolving relationship between multifamily, retail, and recreation, and the role the intersection plays in defining a modern shopping experience.

  4. Construction and Development

    • Building and developing modern storefronts

  5. Architectural and Design Practices

    • Designing for the modern patron

How You'll Do More Business From Attending This Summit:

Driven by sector challenges and a wealth of opportunities, this year’s Chicago Retail event finds itself in an elevated role and expanded format as we take a more in-depth look at how key trends in tourism, downtown development, and municipal incentives are shaping the asset class. We’ll hear from the region’s key owners, operators, and experiential leaders on how they’re combating a complex economic environment and a changing technology landscape to make brick and mortar retail a continued destination for local and out of town visitors alike.

Join Bisnow in conversation with the region’s leading CRE experts as they explore a submarket rife with potential.

Projects to be Discussed:

-Oakbrook Center

-Burr Ridge Downtown Redevelopment

-Navy Pier Summer Plans

-Vernon Hills Hawthorne Mall

Who You'll Network With At This Discussion:

Owners, developers, investors, brokers, business consultants, architects, engineers, designers, lawyers, accountants, bankers and city and government officials.

Why You Should Attend This Session: 

Bisnow events convene the biggest power players in the industry to help you grow your business across a complex market. With engaging discussions, exclusive networking opportunities and the largest and most equipped audience in the field, Bisnow’s unique perspective on the challenges and opportunities of the market makes attendance a value add for any CRE professional. 

Questions about your ticket purchase or interested in sponsoring? Reach out to customerservice@bisnow.com for customer support. For questions, recommendations, comments or press inquiries please email our Chicago event producer Will Follett at will.follett@bisnow.com. To request disability-related accommodations, please contact janet.fernandez@bisnow.com no later than seven business days prior to the event.

Venue

Pella Signature
720 Village Center
Burr Ridge, IL 60527


Free Self-Parking

Get Directions

Agenda

Time Activity
1:00 PM
2:00 PM
Breakfast and Networking
2:00 PM
3:00 PM
Talking Shop

Finance, Development, and The State of the Modern Retail Market

3:00 PM
3:45 PM
Suburban Vs. Urban Retail

Regional competition, supply and demand, and construction challenges

3:45 PM
4:30 PM
Closing Networking

Sponsors

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