Savills Hires CBRE Execs To Launch U.S. Retail Advisory Platform
Savills is beefing up its retail services and has hired Todd Siegel to lead the effort.
Siegel, who most recently spent 20 years at CBRE, joins Savills as president of its new U.S. retail advisory services platform, Savills announced. He plans to grow the brokerage’s retail offerings nationally and collaborate with the global retail team across Canada, Europe, the Middle East and Asia.
“The launch of Savills Retail in the U.S. reflects our continued investment in North America and commitment to bringing the full scale and sophistication of our global platform to clients here,” Savills North America CEO David Lipson said in the press release.
Based in Chicago, Siegel joins the firm with longtime colleagues Phillip Golding and Kimberly Wiskup, who will be executive managing director and corporate managing director, respectively. The team was previously part of CBRE's urban retail group.
Siegel has led retail strategy and leasing for tenants and properties including Eataly, Starbucks, Willis Tower, 1221 Avenue of the Americas in New York and 400 Post St. in Union Square, San Francisco.
The team will operate as a boutique consultancy with a focus on urban core, luxury and Class-A retail in markets including New York City's Fifth Avenue, Los Angeles' Rodeo Drive and Chicago's Magnificent Mile.
“In addition to this new leadership role, I’ll continue to focus closely on our client business — ensuring we deliver best-in-class strategy, execution, and innovative solutions,” Siegel said on LinkedIn.
London-based Savills is also getting a new CEO at the start of next year, as Mark Ridley plans to retire and Chief Financial Officer Simon Shaw is in line to take over. In the U.S., Savills has seen growth this year from its August acquisition of Hoffman, a relocation management consultancy.
Savills launched a Salt Lake City office in May, the same month it hired James Otto to head its Chicago life sciences division. Otto also spent two decades at CBRE.
