To learn more contact Tim Blum,
Executive Vice President, Managing Director of Retail Division
at (312) 683-7256 or tblum@hsacommercial.com
The Retail Brokerage Division consists of the Retail Brokerage Group and the Retail Development Group. The Retail Division has worked closely with the Development Division in planning, developing and leasing more than four million square feet of retail space and has been one of the most active retail forces in the Midwest.
Professionals in the Retail Brokerage Group represent both owners looking to sell or lease their properties, as well as tenants looking to purchase or lease space on a national basis. During the last several years, we have sold shopping centers and retail investment properties totaling more than one million square feet valued in excess of $20 million.
HSA’s Retail Development Group has a unique ability for redevelopment projects. We know how to capitalize on the challenges presented when developing properties previously used for other purposes but have become physically undesirable for the areas in which they are located. In recent years, the Retail Development Division has specialized in transforming outdated, underserved retail centers by developing them into vibrant, marketable centers.
The Retail Division is led by Tim Blum, who transformed Orland Park Place, in Orland Park, Ill., by “de-malling” the center by making it user-friendly to customers and functionally workable for retailers. National retailers were immediately attracted to the new center and national tenants such as Sportmart, Barnes and Noble and Wickes Furniture signed on as tenants.
The Retail Division’s services and expertise include: