Lormax Stern Development Company has earned a national reputation for the development of outstanding shopping centers which produce higher than average sales per square foot for the retailers who locate stores in their developments. Through strategic acquisition of premium locations, Lormax Stern’s shopping centers consistently provide exceptional traffic for its retailers. Lormax Stern works closely with the communities to insure long-term benefits for the surrounding areas and enjoys a track record of “getting the job done”.
Chris Brochert specializes in site selection and land acquisition including land assemblages for the development of shopping centers and free standing retail facilities. In addition to the recruitment of retailers for major retail shopping center developments, Mr. Brochert is responsible to ensure that the most compatible retailer mix is achieved in all developments. His expertise in the field of retail shopping center development and leasing is an invaluable asset to the retailers Lormax Stern Development Company works with. His responsibilities also include acquiring construction and permanent financing as well as overseeing the construction of each development project to insure that each such project is to the highest standards at the most economical cost.
Daniel Stern’s expertise is in overseeing the planning, pre-leasing and financing of the projects; personally negotiating over 500 anchor tenant leases. Stern coordinates portfolio leasing efforts to create the optimal tenant mix in each development; thereby, maximizing the shopping center value with quality credit tenants. He has completed over $1.5 billion of financing with major lenders as well as establishing an equity fund that acquired seven properties across the country during 2007 and 2008. Recently, Daniel has been working with banks and lenders for acquisitions and dispositions, as well as, receiver positions to enhance the value of the assets.
Jason has decades of experience with the purchase, sale, and (re)development and management of real estate and extensive expertise in acquisition, assembly, entitlement, environmental remediation issues and regulatory constraints in the development process. He has orchestrated teams of development professionals including, architects, engineers, surveyors, general contractors, accountants, bankers, title companies, brokers, and transaction and litigation attorneys in several prominent developments, including the Utica Park Place Power Center, Oakland Towne Square, The Palace of Auburn Hills, and the renovation of the Pine Knob Music Theatre. Jason has acted as consultant to numerous major national banking and international financial institutions, the Office of the Michigan Attorney General and the Michigan Department of Natural Resources – Environment. He has been frequently appointed by courts to act as the receiver for major landmark developments throughout the country and as a mediator and arbitrator in complex real estate disputes.
After more than 20 years in the real estate industry, Mr. Walters has held senior positions in virtually every field at both private and publicly-traded companies. Beginning as CFO of a retail development company, his subsequent responsibilities include commercial brokerage, public finance, mortgage finance, development and acquisitions. In aggregate, Mr. Walters has been actively involved in closing more than one billion dollars in real estate transactions. Today, Mr. Walters acts as the chief investment officer and acquisitions director for Lormax Stern Development Company, coordinating a team of leasing, finance, development and operations professionals with the goal of growing the Lormax Stern portfolio through strategic acquisitions, joint ventures, and other opportunistic initiatives. A summa cum laude graduate of Colgate University, Mr. Walters is a passionate collector of American paintings, folk art and early photography.
Karl started working with Lormax Stern Development Company in 2008. He brings 27 years of property management experience to the company. In 1986 he moved to Michigan with The Center Companies and was General Manager of the Westland, Eastland and Southland Centers. He was also the Director of Retail Operations for the Great Lakes Division at Trammel Crow as well as Ramco Gershenson. In 1999, Karl joined the team at Livonia Mall with the goal of repositioning the shopping center. A partnership was formed with Konover South and Lormax Stern to redevelop the mall into what is now Livonia Marketplace. This partnership formed the basis of the Property Management Division at Lormax Stern.
J. B. Bernard became licensed in 1985 as a Michigan real estate broker. Her retail real estate career as Senior Leasing Representative began at Guida Associates Ltd. in 1988. She moved in 1997, to Schostak Brothers & Company, Inc. with open-air shopping center responsibilities, including renewals, relocations, expansions and new business for the entire open-air Schostak portfolio. Ms. Bernard joined Lormax Properties, LLC, in the spring of 2005. Responsibilities include junior anchor and small tenant leasing in a number of Michigan shopping centers. In addition to a wealth of experience, J. B. brings long-standing, solid relationships among both open-air and mall tenants, as well as a stellar reputation in both the brokerage and landlord community, to the Lormax team.
Richard Kerwin, a real estate finance graduate of the University of Michigan’s Ross School of Business, also studied at the London School of Economics. Richard interned for a leading CMBS lender on Wall Street, acquiring valuable project underwriting experience. Richard has been a licensed real estate broker since 2005. Prior to joining Lormax Stern Development Company in 2007, Richard worked at REDICO, a large Michigan based office/retail development and management firm, underwriting potential acquisition and development projects throughout Metro Detroit and nationally. His experience includes acquisition, investments analyst, sales and leasing of shopping centers and other commercial properties, as well as site selection and tenant representation. Richard is an active member of the International Council of Shopping Centers (ICSC).
A graduate of Albion College (Magna Cum Laude, Phi Beta Kappa, 2012), Jennifer begins her tenure at Lormax Stern working as a leasing agent under the tutelage of JB Bernard. Jennifer brings a variety of diverse background experience to the position, including internships at Typhoon (advertising & client relationships) in London, England and account management at ePrize, Inc. Her degree in economics with a focus on management and business strategies, coupled with a minor in art, combine to provide Jennifer a broad perspective on the industry, which when focused on leasing and tenant relationships, will assist in her development as a retail real estate professional. Jennifer is actively involved in the International Council of Shopping Centers (ICSC) as part of the Detroit ‘Next Generation’ Committee.