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.

Maricela Hernandez

Lease Adminstrator / Office Manager

Maricela Hernandez

Lease Adminstrator / Office Manager

Maricela joined Mercury Development in July of 2018 assuming the position of Lease Administrator/Office Manager. She brings with her a strong diverse background of 14 years in property and office management.

Maricela is responsible for lease administration, tenant relations, assisting executive management with corporate functions, insurance administration, and day-to-day office management.

Outside the office, Maricela loves to travel and explore new cultures – making sure to enjoy every adventure along the way.


Industry News

Two Years After Being Acquired Whats Next For Tom Chee

Today there are just a dozen Tom Chee restaurants scattered across seven states. But the brand is poised to return to growth mode later this year when a new scaled-down prototype is slated to open in Cincinnati. Five units are currently in the development pipeline.

Hendersonville-based BonWorth files for chapter 11 bankruptcy

A voluntary petition was filed Aug. 16 and signed by Chief Operating Officer David A. Herman in the U.S. Bankruptcy Court for the Western District of North Carolina based in Asheville.

Negotiable Lease Terms for Restaurant Tenants

One big mistake tenants make is signing a lease without understanding the obligations and consequences provided within the lease. Paying close attention to specific obligations and negotiating tenant-friendly terms is imperative prior to executing a lease.

Joellas Hot Chicken a Kentucky fast casual restaurant chain to open first Florida location in Lar

Founded in 2015 Joellas will have 17 stores by the end of 2019. Its second Florida location will be open at ... It is also planning four new stores in the metro Atlanta area.

Cracker Barrel sees growth potential in Punch Bowl

With targeted average unit volumes of 7 million to 8 million Punch Bowl Social expects to open an additional six units by the end of 2020.

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.