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 technological automation, leasing, customer relations, and acquisition analysis. 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.

Brian Shahum

Senior Director, Business Development & Acquisition

Brian Shahum joined the company in January 2015.  Brian is responsible for growing the company’s major portfolio of business, including shopping centers, and building on Mercury’s successful 3rd party Property Management.

With over 13 years of experience in the corporate marketplace, Brian brings a diverse background and wealth of knowledge to Mercury Development.  In addition to his work in the financial district of New York City, Brian has extensive experience in international finance and business best practices including leadership roles in New York, London and Milan.

Prior to relocating to the Pacific Northwest, Brian resided in London, England; Milan, Italy; and Brooklyn, New York.

A native of Scranton, Pennsylvania, Brian graduated with honors from the University of Scranton, earning a bachelor’s degree in Criminal Justice and Business.  He attended New York Law School in New York City before embarking on his business career.

Brian is passionate about basketball, and played professionally in Europe.  He also coached a boys’ high school team when he lived in Brooklyn.  He has been involved in several charitable organizations, most notably Hoops 4 Hope, with which he has raised funds for the construction of a basketball court in Mozambique, Africa.

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.

Lori Eldridge

Lease Administrator | Office Manager

Lori Eldridge

Lease Administrator | Office Manager

Lori is the newest member of Mercury Development, who joined the company in June 2016.  Lori brings over 20 years of administrative and professional experience to Mercury Development.  She has a strong aptitude for developing tenant and vendor relationships.

Lori works closely with our in-house leasing team to generate lease agreements and modifications for incoming and existing tenants.  She applies her variety of skills and positive attitude to manage the daily operations of the Mercury Development Corporate office.  Additionally, she handles a variety of incoming inquiries and provides administrative assistance and support to all company employees.

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


Industry News

Subway executive Pent-up demand drives global growth

In North America the Milford Conn.-based sandwich chain whose CEO plans to retire in late June has previously stated that it is implementing an aggressive revitalization plan that calls for closing consolidating or relocating a few hundred locations in 2018.

Five Ways the Retail Fitness Industry Might Look Different in the Future

There are more than 36000 health clubs gyms and fitness centers in the U.S. and major markets have seen growth at a rate of 2.8 percent since 2013. But what does the future of the retail fitness industry look like Many believe as an internet-resistant sector the future looks bright for fitness centers and gyms.

Wawa Reaches Milestone of 800th Store

There is no stopping Wawa Inc. on the East Coast retail scene. The convenience retailer opened its 800th store on Thursday May 24. The milestone location is at 1702 Rocky Run Parkway in Wilmington Del.

Coconuts Fish Cafe Arrives in Los Angeles

This opening comes as the brand continues its ascension as a sought out concept with consumers franchise investors and shopping center operators. In addition to Los Angeles San Diego Orange County Northern California and Hawaii are all primary growth territories for Coconuts Fish Cafe. Qualified franchise investors are sought in each market.

The Deal Solidifies The Brands Bicoastal Expansion And Will Fuel Its Continued Growth Across The US

Rise Biscuits Donuts the nations fastest growing biscuits and donuts chain with over 160 units in development across the country has announced a multi-unit franchise deal for Southern California that will officially stretch the brand from coast-to-coast.

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.