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

Jiffy Lube Franchisee Building Its 30th Store

A franchisee of Jiffy Lube International Inc. locations is in the midst of a major growth spurt. SRE Group recently opened its 29th Jiffy Lube location and has two more stores that are expected to open in Nevada by the end of 2018. The SRE Group is one of those fast-moving franchisees with stores in Utah Montana and Nevada.

Booming Miami Grill Upgrades to new Boca Raton Headquarters

Over a quarter century after establishing its corporate residency in the Fort Lauderdale Miami Subs Office Building the industry-leading fast casual restaurant concept Miami Grill has moved its global headquarters to Boca Raton Florida.

Sears files for bankruptcy Eddie Lampert steps down as CEO

As part of the bankruptcy Sears will shutter 142 stores toward the end of the year. It expects to begin liquidation sales shortly. The locations of these stores wasnt immediately known.

Going the Distance With ExtraMile

In February when the new company was formed ExtraMile said it wanted to double its network in 10 years. We were at 750 stores so that would be 1500 by 2028 and were really bullish on that number Casadont confirmed. I think theres certainly more that we can do.

Ross stores opens 40 new locations

Ross Stores announces the recent opening of 30 Ross Dress for Less and 10 dds DISCOUNTS stores across 19 different states in September and October completing the Companys store growth plans for FY2018...

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.