Melissa Gliatta, executive vice president of Thor Equities, has been promoted to chief operating officer of North America.
Thor, an urban real estate development, leasing and management company, has been aggressively acquiring retail assets in the U.S., Europe, Canada and Latin America.
While the majority of Thor’s portfolio is in Manhattan, where the company lists six retail properties on Fifth Avenue above 42nd Street, nine in SoHo and four in the Meatpacking District, it’s made inroads in cities such as Miami, Chicago, Los Angeles and San Francisco.
Gliatta’s role is to increase Thor’s profile in cities where the company has presence, with day-to-day responsibilities that include overseeing asset management, leasing, human resources, development, construction, marketing and property management.
“I’m going to carry the ball in North America,” said Gliatta, who reports to Joseph Sitt, Thor’s chief executive officer. “I’m going to create the solid infrastructure we need for this kind of growth. We’re buying more than ever.”
Gliatta began working with Sitt in 1995 at Ashley Stewart, the women’s apparel retailer he founded in 1991. She played a prime role in operating and expanding the company to 380 stores nationwide.
When Sitt divested his interest in Ashley Stewart in 2000 to focus exclusively on Thor Equities, Gliatta joined him there. She was named vice president in 2003 and promoted to executive vice president in 2010.
Thor, which acquired its first properties in Aspen and Canada last year, has been making a play for Brooklyn. “We’re enjoying Brooklyn a lot right now,” Gliatta said. “Brooklyn has been an area to watch change and grow. Interest from retailers in Williamsburg is high. We also really like the real estate we bought on Smith Street in Cobble Hill, Livingston Street in downtown Brooklyn and North 6th Street in Williamsburg. There’s a lot of real interest in Brooklyn and we’ve been looking there.”
Referring to her Ashley Stewart days, Gliatta said, “We’re all just a bunch of retailers. We were tenants and now we’re landlords.”