PHILADELPHIA, May 21, 2024
/PRNewswire/ -- Hilco Redevelopment Partners (HRP) today announced
the appointment of founder and CEO Roberto
E. Perez to the board of directors for PECO, Pennsylvania's largest electric and natural
gas distribution company.
Perez brings significant experience with land development and
energy infrastructure through HRP's work transforming obsolete
industrial assets into modern economic engines, including the
redevelopment of 1300 acres in South
Philadelphia into The Bellwether District.
"We are pleased to have such an accomplished individual joining
PECO's board of directors," said Mike
Innocenzo, executive vice president and COO of PECO's parent
company Exelon, and chairman of the PECO board. "Mr. Perez brings
extensive experience and background that will further diversify our
approach to powering a cleaner and brighter future for our
customers and communities."
"Mr. Perez's leadership of transformational HRP projects,
including the holistic approach to sustainable redevelopment that
prioritizes the community, the environment and the economy, is
fully aligned with PECO's efforts to support our communities and
drive best-in-class experiences for our customers," said
Dave Velazquez, president and CEO of
PECO and vice-chair of the PECO board.
"I am honored to join PECO's board of directors and support
their incredible work as a civic and business leader in
Philadelphia and Pennsylvania," Perez said. "Our redevelopment
work at The Bellwether District has cemented my belief in the
economic and environmental promise of the City and Commonwealth,
and I couldn't be prouder to be a part of the team fulfilling that
potential."
Guided by Perez's vision and leadership, HRP has built a
portfolio of significant transactions, including Tradepoint
Atlantic in Baltimore, 776 Summer
Street in Boston, and the former
Potomac River Generating Station in Alexandria, Virginia, as well as numerous
other value-add and opportunistic projects across the United States.
Perez has been instrumental in establishing HRP as an industry
leader in complex redevelopment projects, specializing in the
acquisition of end-of-life industrial sites and transforming them
into modern facilities with bold new futures.
Prior to co-founding HRP, Perez worked at Hilco Real Estate and
U.S. Equities Realty. Born in Puerto
Rico, he moved to the mainland United States as a teenager and graduated from
Lake Forest College. Perez also serves
on the board of directors of the Chamber of Commerce of
Greater Philadelphia.
About HRP: HRP is a vertically-integrated real
estate investment and redevelopment company that re-imagines,
remediates, and redevelops obsolete industrial sites by taking a
holistic approach to development that prioritizes economic,
community, and environmental sustainability. HRP's redevelopment
expertise ranges from modern logistics and distribution facilities
to innovation campuses and urban, mixed-use projects. HRP strives
to transform not only properties but also the areas surrounding
them through a comprehensive approach to community engagement,
environmental sustainability, and economic development. HRP is part
of the international financial services holding company, Hilco
Global (www.HilcoGlobal.com), which is headquartered
in Northbrook, Illinois (USA).
About PECO: PECO, founded in 1881, is Pennsylvania's largest electric and natural
gas delivery company. Headquartered in Philadelphia, PECO delivers energy to nearly
1.7 million electric customers and more than 548,000 natural gas
customers in southeastern Pennsylvania. The company's 3,000 employees
are dedicated to the safe and reliable delivery of electricity and
natural gas as well as enhanced energy management conservation,
environmental stewardship, and community assistance. PECO is a
subsidiary of Exelon Corporation (Nasdaq: EXC), a Fortune 250
company and the nation's largest energy delivery company, serving
more than 10.5 million customers through six fully regulated
transmission and distribution utilities.
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SOURCE Hilco Redevelopment Partners