HRP CEO Roberto E. Perez joins PECO’s board of directors

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 of PECO, Pennsylvanias largest electricity and natural gas distribution company.

Perez brings significant experience in land development and energy infrastructure through HRP’s work transforming outdated industrial assets into modern economic engines, including the redevelopment of 1,300 hectares in South Philadelphia to the Bellwether district.

“We are pleased to have such a talented individual joining PECO’s board of directors,” he said Mike Innocenzo, executive vice president and COO of PECO’s parent company Exelon, and chairman of PECO’s board. “Mr. Perez brings extensive experience and background that will further diversify our approach to a cleaner and brighter future for our customers and communities.”

“Mr. Perez’s leadership on transformational HRP projects, including the holistic approach to sustainable redevelopment that prioritizes the community, environment and economy, is fully aligned with PECO’s efforts to support and drive the best experiences for our customers,” said Dave Velázquezpresident and CEO of PECO and vice chairman of the PECO board.

“I am honored to join PECO’s board of directors and support their incredible work as a social and business leader in the world Philadelphia And PennsylvaniaPerez said. “Our redevelopment work in The Bellwether District has strengthened my belief in the economic and environmental promise of the city and the Commonwealth, and I couldn’t be more proud to be 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 BaltimoreZomerstraat 776 Bostonand the former Potomac River Generating Station Alexandria, Virginiaas well as numerous other value-added and opportunistic projects the United States.

Perez has been instrumental in establishing HRP as a market leader in complex redevelopment projects, specializing in acquiring disused industrial sites and transforming them into modern facilities with a bold new future.

Before co-founding HRP, Perez worked at Hilco Real Estate and US Equities Realty. Born in Puerto Ricohe moved to the mainland United States as a teenager and graduated Lake Forest College. Perez is also a member of the board of directors of the Chamber of Commerce Greater Philadelphia.

About HRP: HRP is a vertically integrated real estate investment and redevelopment company that reimagines, remediates and redevelops obsolete industrial sites by taking a holistic approach to development that prioritizes economic, community and environmental sustainability. HRP’s redevelopment expertise extends from modern logistics and distribution facilities to innovation campuses and mixed-use urban projects. HRP strives to transform not only properties but also the surrounding areas 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), headquartered in Northbrook, Illinois (USA).

About PECO: PECO, founded in 1881, is Pennsylvanias largest supply company for electricity and natural gas. With headquarters in PhiladelphiaPECO supplies energy to nearly 1.7 million electricity customers and more than 548,000 natural gas customers in the Southeast Pennsylvania. The company’s 3,000 employees are committed to the safe and reliable supply of electricity and natural gas, as well as improved energy management, environmental stewardship and community outreach. 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 companies.

SOURCE Hilco Redevelopment Partners