On the heels of his election to the post last month, Brad Hutensky, president and principal of Hutensky Capital Partners has officially taken over the role of chairman of the International Council of Shopping Centers. He assumed the role from Kimco’s David Henry Monday at the ICSC’s RECon convention in Las Vegas.
“Being named chairman of ICSC is the ultimate honor and I promise to work to the best of my abilities to carry out those duties,” Mr. Hutensky said. He went on to touch upon some of the challenges facing the retail industry today—high unemployment, the deficit and the uncertain future of tax policy.
“A the same time, our industry has done an excellent job at developing the shopping centers needed by most communities and is now entering a period when redevelopment and repositioning of existing centers will no doubt outstrip new development,” he continued. “We are entrepreneurs and have always adapted, and I believe developers and retailers will again adapt to the challenges and opportunities presented by second-generation space and in-fill locations as new development becomes less prevalent.”
Mr. Hutensky joined the Hutensky Group, a Hutensky Capital Partners affiliate, in 1989. The later is a real estate fund management group which was founded by his father and which provides capital to, and repositions, underperforming shopping centers.
For the latest from RECon, follow reporter Dan Geiger’s posts or Twitter feed from the event here on The Commercial Observer website or on Twitter at @dangeiger79.
CGaines@observer.com
