Richard A. Frolik
Mr. Frolik has 30 years of commercial real estate experience and is recognized as one of the top shopping center and outlet/value asset investment brokers in both the company and the industry. He has represented numerous institutional clients, financial institutions, and private investment groups, helping owners in the formulation of strategic disposition initiatives and marketing campaign execution. He also brings a strong understanding of both the capital markets and the retail property markets to every transaction.
In 1997, Mr. Frolik and his Chicago based team co-founded CBRE’s National Retail Partners (NRP) platform, consisting of ten teams of professionals across the country that specialize solely in the marketing of retail investment properties. Since its formation, Mr. Frolik’s local team, NRP—Midwest, has completed over 1,201 transactions containing over 167.4 million square feet and valued in excess of over $17.31 billion. Mr. Frolik is also the founding member of CBRE’s Outlet & Value Advisory Services team which has successfully closed or financed 38 transactions valued in excess $1.5 billion.
Mr. Frolik 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.