NEW YORK, April 26, 2017 /PRNewswire/ -- Brixmor Property Group
Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the appointment of industry veteran Vincent
A. Corno as Executive Vice President - President, Midwest, effective May 8, 2017. As
head of the Midwest region, Mr. Corno will have strategic and day-to-day responsibility for the leasing, value-enhancing
reinvestment and ancillary income efforts for more than 20 million square feet of open-air retail properties. He joins a team of
talented and experienced regional presidents, including David Vender in the North, Barry
Rodenstein in the South and Matthew Berger in the West. Mr. Corno will replace
Thomas Litzler, who is retiring next month, and will report to Brian
Finnegan, Executive Vice President, Leasing.
"We are very excited to have Vince, a universally well-regarded and seasoned real estate executive, join our team and help us
continue to unlock the growth opportunities embedded within the Midwest portfolio," commented James
Taylor, Chief Executive Officer and President. "We are also very grateful to Tom for his leadership and invaluable
contributions to the Company over many years. We wish him and his family a happy and healthy retirement."
"Vince brings the unique and valuable perspective of someone who has led real estate strategy for both institutional
landlords, as well as large and successful retailers," continued Mr. Finnegan. "I am thrilled and honored to have someone
of Vince's character and leadership ability join our team and help us continue to drive outperformance."
Mr. Corno has more than 25 years of retail real estate experience and most recently served as Executive Vice President Leasing
and Development of DDR where he was responsible for more than 100 million square feet of retail assets. Prior to joining
DDR in 2016, he was the Senior Vice President Real Estate of Dick's Sporting Goods, where he led its national real estate
initiatives, including an annual new store growth program of 40 to 50 stores and 30 to 50 renewals per year. From
2008 to 2014, Mr. Corno was Senior Vice President Real Estate, Saks Incorporated where he oversaw new store development,
expansions, remodels and the disposition of excess real estate. At Saks, he grew Saks Fifth Avenue OFF 5TH by
over 50% in six years, including initiating its growth strategy outside of conventional outlet centers. He also previously held
senior real estate positions at Forest City Enterprises and The May Department Stores Company. Mr. Corno is a member of the
Illinois and Missouri Bar Associations, holds a Certified Public Accountant certificate and is a
current trustee of the International Council of Shopping Centers.
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ABOUT BRIXMOR PROPERTY GROUP
Brixmor Property Group, a real estate investment trust (REIT), is a leading owner and operator of high-quality,
open-air shopping centers. The Company's more than 500 retail centers comprise 86 million square feet in established trade areas
across the nation and are supported by a diverse mix of highly productive non-discretionary and value-oriented retailers, as well
as consumer-oriented service providers. Brixmor is committed to maximizing the value of its portfolio by prioritizing
investments, cultivating relationships and capitalizing on embedded growth opportunities through driving rents, increasing
occupancy and pursuing value-enhancing reinvestment opportunities. Headquartered in New York
City, Brixmor is a partner to more than 5,500 best-in-class national, regional and local tenants and is the largest
landlord to The TJX Companies and The Kroger Company.
SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements
related to the Company's expectations regarding the performance of its business, its financial results, its liquidity and capital
resources and other non-historical statements. You can identify these forward-looking statements by the use of words such
as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "projects,"
"predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such
forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled
"Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2016, as
such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at
www.sec.gov. Accordingly, there are or will be important factors that could
cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be
construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release
and in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking
statement, whether as a result of new information, future developments or otherwise, except as required by law.
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SOURCE Brixmor Property Group Inc.