David Zimel

President

David Zimel, a native Oregonian, attended Jesuit High School and the University of Oregon, where he received a BS in Finance in 1977.  He has worked at Mercury Development since graduation, starting as a retail leasing agent.  He progressed to Director of Leasing, Vice President of Development, and in 1990 he assumed his current position of President and CEO.  He has extensive experience in development, redevelopment, and acquisition of retail properties.  David also has served as a board member for several companies including Pan Pacific Retail Properties, Rentech Inc. and locally with Shari’s Restaurants and R & H Construction.

David has participated as an ICSC panelist, moderator, State Program Committee Chairperson and State Director.

He has also taken the position of General Manager of Rock Creek Country Club since 2010, another asset of the Partnership.

Gary Hamman

Executive Vice President / Asset Manager

Gary Hamman joined Mercury Development in April of 1997 as part of the Property Management team. Gary brings over 20 years of industrial and commercial construction, consulting, and project management experience to the Company’s diverse portfolio of assets.

Gary is responsible for all property management functions for Mercury Development, including facilitating payments, sustaining tenant relations, preparing property operational/capital budgets, and establishing comprehensive property maintenance and service programs to ensure all properties are maintained in the most cost effective and efficient manner.

In addition to Gary’s ability to maintain properties in a first class manner, Gary is able to apply his vast experience to managing property capital projects, including tenant improvements and shopping center remodels and renovations.

Timothy Dougherty

Leasing Executive

Timothy grew up in the Portland metro area, where his business and development skills were nurtured and encouraged from a very young age. Over the years, his proclivity for the principles of investment grew, leading to an education from the University of Oregon – where he graduated from the Lundquist College of Business with multiple focuses and honors. Timothy later joined GGP LLC, an alternative energy development company. At GGP, Timothy held several key positions, including Business Development Manager and Project Coordinator. Timothy later joined Mercury Development as a Commercial Leasing Executive, specializing in acquisition analysis, leasing, customer relations, and technological automation. With an ambitious approach and an extremely high standard for client relations, he is genuinely invested in the success of each project, whether large or small. Timothy is professional, experienced, and detail oriented – yielding great returns for landlords and tenants alike.

Lori Eldridge

Property Manager

Lori joined Mercury Development in June of 2016 as a Lease Administrator/Office Manager, bringing over 20 years of administrative and professional experience as well as a strong property management background.  

In June of 2018, Lori has been promoted to Property Manager and will be working under the direction of Gary Hamman. She has a strong aptitude for developing tenant and vendor relationships.

Lori will manage the day-to-day operations and oversight of Mercury Development’s diverse portfolio. She will serve as the first point of contact for tenants and vendors and is responsible for responding to all inquiries or reported property conditions, keeping in compliance with any applicable Service and Lease Agreements.

Lori and her husband enjoy camping, hiking, and fly fishing in the great Pacific NW.

Susan Huey

Controller

Susan Huey joined Portland Fixture LP in 2007 with over 20 years of prior accounting experience. At that time, her duties included property accounting, accounts receivable/payables, financial reporting, common area expense, property tax, and insurance
reconciliations.

In 2009, Susan was promoted to the position of Controller. She now is in charge of all accounting functions for Portland Fixture LP, and 11 additional 3rd party companies utilizing a nationally recognized property management accounting software program, which offer extensive reporting flexibility and customization to satisfy our client’s complex needs.

Her duties include property accounting, accounts payable, accounts receivable, cash flow analysis, general ledger accounting, payroll processing, financial statement reporting to our partners and management team. Susan is responsible for new property setups, multiple bank accounts, maintains overall banking and insurance relationships, and implements all accounting controls. She is also responsible for all bank accounts, common area expense, property tax and insurance reconciliations.


Industry News

Dominos Wants To Build 2000 More U.S. Locations

The Ann Arbor Mich.-based pizza giant told analysts on Thursday that it could build another 2000 stores in the U.S. over the next seven to eight years as part of a fortressing strategy to build more carryout sales and improve the quality of delivery.

Faherty Brand To Open Two California Stores

On Feb. 15 Faherty is scheduled to open a store in Palisades Village in Los Angeles beachside neighborhood Pacific Palisades. In March a Faherty store is scheduled to open its 9th store at One Paseo a new outdoor retail complex in the Del Mar section of San Diego.

Alltown expands new fresh-focused convenience concept

There are plans for two more locations this year and parent company Global Partners which also owns Xtramart and Honey Farms convenience brands should be prepared to respond to additional demand.

FAT Brands expands co-branded FatburgerBuffalos Express units

Its unknown how many more co-branded locations the company is aiming for as part of its 300-unit development plan that is underway but this 10-unit announcement is a start.

Buc-ees to debut first Alabama store Monday

Its the first of the companys 35 stores to be located outside the state of Texas...

Services

Leasing / Management / Acquisitions

Since the mid-1950's, Mercury Development has been a successful optimizer of income producing properties. We specialize in high value, highly utilized spaces.