With the mission of “driving long-term values by creating inspiring places that enhance people's lives,” private real estate company Gillon Property Group (GPG) has formally unveiled its new vertically integrated real estate enterprise focused on commercial real estate investment, development, and operations. This evolution reflects the consolidation of pre-existing platforms which have long stewarded landmark destinations such as Highland Park Village, located in Dallas, Texas, and numerous other premier assets across the country.
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“Our team is dedicated to elevating the standard of real estate stewardship through thoughtful development, operational excellence, and a deep commitment to place-making,” said Heather and Ray Washburne in a joint statement. “We look forward to continuing to maintain and grow our existing properties and partnerships while actively identifying new opportunities in mixed-use, retail, hospitality, residential, and office.” Mr.Washburne serves as Vice Chairman of the Gillon Property Group governing board.
As the exclusive commercial real estate vehicle of the Washburne family, GPG will manage both legacy and future family investments across all aspects of the real estate lifecycle, including strategic investing, creative development, and high-touch operations, all focused on delivering long-term value and exceptional place-making.
GPG unifies the oversight of a variety of existing operations and holdings, which replaces the real estate management and operational functions formerly managed by the A. G. Hill family office. Sample portfolio holdings include The Shops atClearfork (Fort Worth, TX), The McKenzie and The Galatyn (Dallas, TX), Scottsdale Design District (Scottsdale, AZ), Phillips Place (Charlotte, NC), Country Club Plaza (Kansas City, MO), and management of Watters Creek Village (Allen, TX), amongst dozens of others. These holdings reflect the Washburne family's generational approach to real estate investment and curation. GPG is a wholly controlled affiliate of Gillon Capital, LLC, the single-family office for the Washburne family, led by President Hill Washburne.
“Gillon Property Group represents a natural evolution of our family's real estate legacy,” saidHillWashburne, President of Gillon Capital, LLC and Executive Chairman of the Gillon Property Group governing board. “We've assembled a highly capable team to build on what has already been achieved, with the vision to grow thoughtfully into the next generations of our family. Given the current commercial real estate environment, we believe there is a true need for high-touch, longer-term operators who drive true value creation – and that is precisely our forte.”
Drew Steffen has transitioned from leading the Highland Park Village Management Company and The Village Collection into the consolidated role of President and Chief Executive Officer of Gillon Property Group. This move formalizes his ongoing leadership of GPG's seasoned teams across investment, development, and operations, and underscores GPG's role as the exclusive manager and steward of premier retail destinations.
Through GPG, Mr. Steffen will continue to focus on the company's core properties and partnerships, including Highland Park Village (Dallas, TX), Phillips Place (Charlotte, NC), Knox Street (Dallas, TX), and Country Club Plaza (Kansas City, MO). The Summers Group, led by Stephen Summers, will act as exclusive leasing agent to Highland Park Village as well as non-exclusive leasing agent to the other three core properties. While theWashburne and Summers family ownership interests in these properties remains unchanged, GPG now serves as the dedicated operations, asset, marketing, and development manager, ensuring each property's vision and performance are fully realized.
“We are excited to build on the investment, development, and operational excellence with a team who has best-in-class experience built over decades,” said Drew Steffen, President and CEO. “Our mission is to continue to curate and grow our portfolio of premier destinations, each with a commitment to people-focused design and uniquely elevated experiences.”
About Gillon Property Group:Gillon Property Group (GPG) is a privately held, vertically integrated real estate investment, development, and operations firm based in Dallas, Texas. GPG oversees a portfolio aggregated over decades by the Washburne family, with holdings both realized and unrealized consisting of 81 unique properties across ten US states. Totaling over 14 million square feet, the firm's historic and current holdings span mixed-use, retail, hospitality, multifamily, and office assets. At its core is the award winning and historic Highland Park Village-the first inward-facing open-air shopping center in the U.S. (est. 1931)-serving as both a symbol and centerpiece of the company's world-class aspirations.
For more information, visit www.GillonPropertyGroup.com.
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SOURCE Gillon Property Group
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