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Richard Frolik

Richard A. Frolik

Executive Vice President

Property Sales

Richard A. Frolik Executive Vice President
Property Sales
Oak Brook 700 Commerce Dr
Suite 450
Oak Brook, IL 60523

Professional Experience

Mr. Frolik is a senior partner of the National Retail PartnersMidwest, recognized as CBRE’s leading national retail investment property sales team, and the founding member of CBRE’s Value and Outlet Centers group. The team has sold over 1,045 assets comprised of over 150 million square feet of retail properties valued in excess of over $15.4 billion. Focusing on national retail assets ranging from development/redevelopment to institutional projects, Mr. Frolik has worked extensively with owners in the formulation of strategic disposition initiatives and marketing campaign execution. He joined CBRE in March 1992 as a Senior Financial Analyst and assisted in underwriting over 300 different retail, office, multifamily and industrial transactions in excess of $1.5 billion in consideration. 

 

Professional Affiliations/Accreditations

 
  • International Council of Shopping Centers
  • Illinois Real Estate Broker License

Achievements


  • Top 10 Chicago Investment brokers | 2016-1998
  • CBRE Top Brokers Nationally | 2017-2011, 2007-1998
  • Investment Team of the Year Finalist (Greater Chicago Food Depository Real Estate Award) | 2010, 2004, 2003, 1998
  • Colbert Coldwell Circle Member | 2005, 2004, 2003
  • Rookie of The Year Award—Eastern Division | 1997


Education


  • DePaul University, Masters of Business Administration (MBA)
  • University of Illinois, Bachelor of Science; Accounting, Finance

 

Volunteer Activities

  • Commissioner, City of Elmhurst Zoning & Planning Board
  • Visitation School Board Member
  • Visitation School Basketball Coach, 5th–8th Grade


Partial Transaction List


  • The Outlets at Oklahoma City, OK | $130,00,000
  • Tanger Outlet Portfolio | +/–$200,000,000
  • TH Real Estate & Kite Portfolio | Confidential
  • McDonald's Excess Real Estate Portfolio, 68 properties nationally | Confidential
  • Legends Outlets, Kansas City, KS | $131,500,000
  • Rockvale Square Outlet Center, Lancaster, PA | $71,000,000
  • Gettysburg Village, Gettysburg, PA | $62,500,000
  • Independence Commons, Independence, MO | $58,000,000
  • Oakland Square and Oakland Plaza, Troy, MI | $51,000,000
  • Ward Parkway, Kansas City, MO | $48,500,000
  • Vero Beach Outlet Center, Vero Beach, FL | $38,250,000 
  • Kensington Valley Factory Shops, Howell, MI | $37,500,000
  • Marketplace of Vernon Hills, Vernon Hills, IL | $36,800,000
  • EIG Community Center Portfolio | $30,000,000
  • Yorkshire Plaza, Aurora, IL | $29,500,000
  • Point at Clark, Chicago, IL | $28,600,000 
  • Market Place, Cicero, NY | $27,250,000
  • Prime Outlets at Edinburgh, Edinburgh, IN | $27,000,000
  • Butterfield Plaza, Downers Grove, IL  | $26,125,000
  • Prairie Market East, Oswego, IL | $25,100,000
  • South Elgin Commons, South Elgin, IL | $25,000,000
  • Merchants Crossing, Englewood, FL | $25,000,000
  • Parkway Shopping Center, Bloomington, IL | $24,000,000


Clients


  • Archon Group
  • Allegis Realty Investors
  • Allstate Insurance Company
  • Baceline Investments
  • Bradford Real Estate
  • CalPERS
  • CAMCO
  • CBL & Associates Properties Inc.
  • Charter Hall
  • Citicorp Real Estate
  • Cole Companies
  • Cornerstone Realty Advisors
  • DDR
  • Deutsche Asset and Wealth Management
  • Equity Investment Group
  • Equity Group Investments
  • GE Capital
  • GE Investments
  • Glimcher Realty Trust
  • GK Development
  • GMAC
  • Goldman Sachs
  • Heitman Realty
  • Horizon Group Properties Inc.
  • John Hancock
  • Kimco Realty Corp.
  • Kite Realty Group
  • L&H Real Estate Group
  • M&J Wilkow
  • Malan Realty Investors
  • Manulife Insurance
  • McDonald's
  • McDonnell Douglas Realty
  • MetLife
  • Mutual of New York
  • New York Life
  • Principal Real Estate Investors
  • Regency Centers
  • Simon Property Group
  • SSR Realty Advisors
  • Stirling Properties
  • Tanger Outlet Centers Inc.
  • TH Real Estate
  • The Shidler Group
  • The Union Labor Life
  • Todd Interests
  • Tri-Land Properties Inc.
  • Viking Partners
  • Zurich/Kemper Insurance

Richard A. Frolik Executive Vice President
Property Sales
Oak Brook 700 Commerce Dr
Suite 450
Oak Brook, IL 60523

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