BH Properties Appoints Retail Expert Greg Sullivan to Managing Director, Retail Properties
Los Angeles—May 13, 2024– BH Properties, a vertically integrated, value-add real estate investment company has named retail expert Greg Sullivan Managing Director of the company’s Retail Properties Division. Sullivan comes to BH Properties from Brookfield Properties, where he was Vice President of Big Box Leasing / Development with a primary focus on large format entertainment, big box, junior anchor, restaurant transactions and vacant anchor store re-development. For the past six months, Sullivan has been operating as a retail consultant to BH Properties, advising the firm on several mixed-use retail acquisitions, most notably the 322,000-square-foot Anchorage Square on San Francisco’s famed Fisherman’s Wharf, and Lincoln Road, a 130,000-square-foot retail center in Miami’s south beach neighborhood. As the firm’s new Managing Director, Sullivan will spearhead the acquisitions, management, and leasing for the firm’s expanding retail portfolio.
“As commercial real estate’s retail sector continues to work through a challenging economy, we see a great opportunity to grow our presence in the marketspace. In so doing, we wanted to make a bold move and Greg’s experience and knowledge in both leasing and re-positioning gives us vital access to a national network of retailers and will help accelerate our retail efforts across the country,” said Jim Brooks, president of BH Properties.
With more than 30 years of experience working for two of the largest institutional retail real estate owners in the United States, Brookfield Properties and The Mills Corporation, Sullivan brings vast expertise in the development, management and leasing of regional malls, power centers, lifestyle centers, outparcels, and mixed-use development products.
At Brookfield, Sullivan regionally oversaw the leasing, merchandising, and lease negotiations for large retail spaces, closing nearly 300 lease/ sales transactions totaling more than 10 million square feet with national brands such as Dick’s Sporting Goods, REI, Costco, Trader Joes, Sprouts, The Fresh Market, TJ Maxx /Homegoods/Marshalls, Dave & Buster’s, The Main Event, Round1, Sony – Wonderverse, , LA Fitness, AMC, Regal, Cinemark, Barnes & Noble, Burlington, Ross Dress for Less, Best Buy, Ulta Cosmetics, Five Below, DSW, and The Container Store to name a few.
“Having worked closely with the BH team for the past six months, I am excited for the opportunity to take a leadership role and leverage my experience and expertise to help enhance the performance of our existing retail centers while helping to capitalize on new opportunities,” said Sullivan.
BH Properties’ current retail portfolio consists of 39 properties comprising more than 3.8 million square feet nationwide.
About BH Properties
Founded 30 years ago, privately held BH Properties (https://www.bhproperties.com) is a vertically integrated real estate investment company focusing on the acquisition and
management of a geographically and product diverse portfolio of assets. The Los Angeles-based company, with regional offices in San Francisco, Phoenix, Dallas, Houston and Seattle, continues to focus on value-add transactions, distressed debt, gap financing, and ground leases. Today the company owns and operates nearly 10 million square feet across 16 states.
