Shopping Centers Today

DEC 2018

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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92 S C T / D E C E M B E R 2 0 1 8 developing retail real estate opportuni- ties to expand the company's portfolio of open-air centers and mixed-use developments throughout the East Coast. His focus will be on existing center acquisitions where Wilder can apply its expertise in reinvigorating centers through redevelopment, remerchandising and introduction of such uses as entertainment, residential, office, and hospitality. Before joining Wilder, Cosentino worked on the transactions team at UBS Realty Investors, in Hartford, Conn., closing more than $1.5 bil- lion in transactions across the com- mercial and residential spectrum. And before that, he worked in vari- ous acquisition capacities at the Bos- ton office of CBRE Global Investors and the Connecticut office of Hart Realty Advisers.† He received a Mas- ter of Business Administration from the University of Connecticut and W hitney Livingston has joined Centennial — a national owner of major shopping, dining, entertainment and mixed-use destinations — as the COO of proj- ects, a newly created role. "I'll design and facilitate communi- cation and collabora- tion between depart- ments; spearhead asset repositioning efforts; and take the lead role on certain projects, overseeing all phases of development planning from pre- development through construction comple- tion," Livingston said. She will also oversee investor relationships and work with Steven Levin, Centennial's founder and CEO, to advance the company. "As we have seen across the coun- try, there has been a seismic shift in retail real estate and the shopping center industry in general," Livingston said. "Changing consumer trends coupled with a wave of national store closures compel us to take a closer look at how to reinvent and reimagine these centers to better serve and suc- ceed in their marketplace." Next year half of Centennial's portfolio will be under redevelop- ment, accelerated by a recent spate of department-store closures, she says. "The sheer volume of projects, as well as plans for growth and acquisitions, prompted a need to create this position."† Redevelopment projects include MainPlace Mall, in Santa Ana, Calif., where Centennial is spending roughly $400 million on upgrading over 1 million square feet of retail space, as well as adding a mix of residential, office and hotel. Projects in the Chicago area include Hawthorn Mall, in Vernon Hills and Fox Valley Mall, in Aurora. Previously, Livingston worked as head of retail management services at Madison Marquette and as director of marketing at The Mills Corp. Livingston says that ICSC has been a critical resource for professional development and growth from the very beginning. "I attended several John T. Riordan School for Profession- al Development sessions, read several of the ICSC textbooks and attended as many local educational events as possible. Additionally, this is a rela- tionship business, and ICSC has been an incredible networking resource for me not only as I entered the industry, but throughout my career." Livingston is currently the state director for Texas (2018–2020); a past chairwoman of the Texas Convention (2017); and serves on the inaugural planning committee for the upcoming Red River States Convention. She has spoken at many ICSC events on trends in the indus- try, and moderated the Asset Man- agement Symposium last month. She also serves as a mentor to students and young industry professionals, and teaches at Urban Land Institute's Center for Leadership. †Q N E W S M A K E R S Whitney Livingston takes on a new role at Centennial By Misty Milioto Acceleration ahead This is a relationship business, and ICSC has been an incredible networking resource BRIANCOSENTINO WHITNEY LIVINGSTON

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