Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)
Issue link: https://sct.epubxp.com/i/654213
A born entrepreneur skilled at adapting to changes in the industry, Herring developed some 30 major shopping centers in the U.S. and Mexico. His integrity, experience, hands-on style and industry con- nections helped pave the way for many of his ventures by drawing important retailers and prestigious joint partners. This gave his privately held firm a leg up in an era dominated by publicly traded REITs. "Buddy had entrepreneurship and creativity run- ning through his blood," said John H. Reininga Jr., CRX, CSM, president of San Francisco–based shop- ping center developer Reininga Corp. and an ICSC trustee and past chairman. "He loved people, and he loved talking deals. He was a student of the shopping center industry and developed great relationships over the years with tenants and lenders and others ac- tive within ICSC." Herring began his career in 1963 in retailing. In 1968 he joined The Rouse Co. as a mall manager in Houston. In 1970 he moved to Chicago to work as G. (BUddy) HERRInG Jr., founder of the dallas-based MGHerring Group, an ICSC past chairman and a leading shopping center developer whose career spanned some four decades, died March 2. He was 74. Herring was also one of the lon- gest-serving ICSC trustees and among the as- sociation's most active volunteers. a project director for Homart development Co., a shopping center development firm that was then a division of Sears, Roebuck and Co. In 1975 he returned to his birth- place, Meridian, Miss., to join shopping cen- ter developer Paul Broadhead & Associates as president and a general partner. Under his leadership the firm grew into one of the most prominent mall developers in the country. In 1982 Herring moved the company's headquarters to dallas; two years later he bought Broadhead's interest and changed the name of the company to The Herring Group. In 1989 he sold the company to a former venture partner, Marathon U.S. Realties Inc., and began anew by forming The MGHerring Group. In the early 1990s, Herring turned M. 58 S C T / A p r i l 2 0 1 6 Farewell to a trailblazer M.G. (Buddy) HerrinG BrouGHt innovAtion to tHe industry And to iCsC By Anna Robaton o b i T u a r y