Regency MallLibby recognized that the long-term success of the mall required a drastic change and made the decision to demolish the mall to start from the ground up. Libby also recognized that catering to the student population located at nearby Indiana University of Pennsylvania would be crucial to the projects success. Focusing on food, value, and convenience retailing, a new 60,000 square foot, state of the art Giant Foods Supermarket was brought in and quickly replaced the trade area's other grocery stores as the preferred supermarket.
A Solid Foundation
H.L. Libby Corporation was founded in 1969 when Harold Libby built the firm's first shopping center in Youngstown, Ohio. Since then, the company has remained a family-owned and operated organization and has continued steady growth. The firm saw a series of acquisitions in the 1970s and added several new staff members in the 1980s, including Robert Libby, now the firm's V.P. of Development and Director of Finances and James Libby, Vice President and Director of Acquisitions. The company never strayed from its business model to select the best locations and keep a strong, low leverage portfolio, even in challenging economic environments. It is this long-term focus that makes the Libby Corporation well prepared to take advantage of the current economic situation and continue to seek opportunities for growth.
Meet the Principals.
H.L. Libby is the founder and current President and CEO of H.L. Libby Corporation. H.L. is a C.P.A. and holds a J.D. from The Ohio State University. After founding the company in 1969, H.L. went on to grow the business to what it is today. Although no longer involved in the day-to-day operations of the company, H.L. still serves on the governing board and oversees strategic decision making and planning.
Robert S. Libby holds a B.A. from Wesleyan University in Middletown, Connecticut, and earned his J.D. from Case Western Reserve. Robert is currently a member of the Pennsylvania Bar. After graduation Robert worked with City Trust and then joined H.L. Libby Corporation in 1986. In his current role, he is V.P. of Development and Director of Finance.
James A. Libby, Vice President, holds a B.A. from Northwestern University and earned his MBA in Real Estate Finance from The Ohio State University. James joined the staff of H. L. Libby Corporation in 1991 as Director of Leasing and Acquisitions. Prior to joining Libby Corporation, James held marketing and sales positions at Trammel Crow in Memphis and Inland Steel in Chicago.