Savills has launched a United States retail advisory services platform to be led by three former executives of real estate firm CBRE.
The London Stock Exchange-listed global adviser said the service line will be spearheaded by Todd Siegel, who will be president, United States Retail. Siegel will focus on growing the retail advisory group across the country and will collaborate with Savills' global retail team, which is based in markets in Canada, Europe, the Middle East and Asia.
The move "reflects our continued investment in North America and commitment to bringing the full scale and sophistication of our global platform to clients here,” said David Lipson, chief executive, Savills North America in a statement. “With Todd and his team, we’re building on the Savills legacy of excellence while unlocking new opportunities for growth, differentiation, and value creation.
Siegel has led retail strategy and leasing for tenants across North America, including Eataly and Starbucks. He also worked on properties such as Willis Tower in Chicago, 730 and 980 North Michigan Avenue, 1221 Avenue of the Americas in New York, and 400 Post Street in Union Square in San Francisco.
Based in Chicago, Siegel joins with long-time colleagues executive managing director Phillip Golding and corporate managing director Kimberly Wiskup. The team previously worked together as part of Dallas-based CBRE’s urban retail group. Savills said they will focus on urban core, luxury, and Class A high-street retail in premier markets, including New York City’s Fifth Avenue, Los Angeles’ Rodeo Drive and Chicago’s Magnificent Mile.
“We’re building a people-led, insight-driven retail advisory that understands the nuances of how place, brand, and experience intersect,” said Sam Foyle, co-head of prime global retail. “Our boutique model allows us to stay agile and purposeful, while our global reach ensures clients benefit from synchronous thinking across markets.”
“This launch brings the full strength of the Savills global retail platform to the United States,” said Siegel. “Our focus is on advising owners and retailers that see real estate as an extension of their identity, where the right location can elevate a brand, define an asset, and shape a community.”
Headquartered on Margaret Street in London's West End, Savills is over 170 years old and employs 42,000 professionals collaborating across more than 70 countries and focused on commercial and residential real estate. It is one of the Unite Kingdom's leading retail real estate advisers.