Bruce Macleod

Key Executives

 

Bruce Macleod

Head of Retail Group

bmacleod@arcturusgrp.com

 

Mr. Macleod’s expertise is based on more than 35 years of retail experience with significant expertise in the areas of development, operations and executive management. He has advised clients on projects ranging from mixed-use developments to more traditional regional malls and has helped devise strategic asset and leasing plans, and managed renovation and development projects.

 

Mr. Macleod was previously President of a $1.6 billion private REIT that owned regional malls and community centers.  Throughout his career he has been involved in complex, large-scale retail and mixed-use projects overseeing design, leasing, construction, and asset management.  Mr. Macleod has negotiated leases with national department stores and retail chains, managed teams of planners, architects and engineers to rezone properties, and obtained tax increment financing from governmental agencies.

 

From 2005 to 2008,  Mr. Macleod was recruited by Lubert-Adler Real Estate Funds to run an 85 acre waterfront development site in Connecticut which required recycling a badly contaminated brownfield. Mr. Macleod managed the team that rezoned the site for a 6 million square foot mixed-use project including residential, retail, office, and marina. He also successfully negotiated a $145 million tax increment financing package with the State and City.

 

From 2001 to 2005 Mr. Macleod advised AIG on Atlantic Station, a 138 acre mixed-use project in Midtown Atlanta. He had principal responsibility for the 811,000 square feet of retail development that opened in October 2005 and actively managed the design, leasing, construction and management of the project.

 

From 1997 to 2001 Mr. Macleod was Executive Vice President and Chief Operating Officer of The Related Companies – Palladium Division. He was the partner responsible for development of CityPlace in West Palm Beach, Florida, a $300 million mixed-use project containing 80 stores, 10 restaurants, a 20- screen movie theater and a Macy’s, plus 580 rental and for-sale apartments. CityPlace has been called a preeminent example of New Urbanism.

 

From 1990 to 1997 Mr. Macleod was a partner with the O’Connor Group and became President of Retail Property Trust, a $1.6 billion private REIT with 22 regional malls and community centers. As President, Mr. Macleod was responsible for both ground-up development and redevelopment activities in the portfolio. He also oversaw a management company subsidiary with 15 million square feet. In 1997 Mr. Macleod orchestrated the successful sale of the entire portfolio to Simon Property Group.

 

Mr. Macleod’s prior experience includes developing and redeveloping several super regional malls and community centers in Virginia, Texas and Maryland and managing the award winning double-decking of a regional mall in Texas. He also was the head of Federated Department Stores’ real estate department where he managed a team of 15 professionals.

 

Mr. Macleod received his Bachelor of Arts degree from the Williams College and his MBA from Harvard University.

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