About Lormax Stern
Celebrating its 25th anniversary in 2017, Lormax Stern Development Company, LLC (the “Company” or “Lormax Stern”) is a fully-integrated commercial real estate firm specializing in the acquisition, development, and operational oversight of anchored retail properties across the continental U.S. Lormax is a value-centric investor, specializing in retail real estate investments where value is created through superior market knowledge, asset expertise, detailed analysis, project specific business plans, and methodical execution as an experienced investment sponsor. As a fully-integrated retail specialist, Lormax provides expert-level oversight to each component of the investment process, including an in-house acquisition and development team, leasing specialists, property and asset managers, and counsel.
Company principals have supervised the acquisition and development of more than 50 shopping centers across the country with an aggregate GLA exceeding 20 million square feet.
Lormax Stern’s experienced team repeatedly demonstrates capacity and vision as an active purchaser of commercial sites and existing retail properties for long-term value creation.
Fully Integrated: Ground-up development, leasing, management, acquisitions & financing
Began as a small developer for mid-sized retailers with over 100 national deals completed
Current holdings consist of more than 30 properties, totaling over 7.5 million square feet
Founded by Christopher Brochert and Daniel Stern in 1992
Extensive, long-standing national tenant and broker relationships
Strong team of real estate professionals
First ground-up development was 1994 in metro Detroit
Lormax Stern Executives
Christopher G. Brochert
Partner & Principal
Read More About Chris
Christopher G. Brochert has a distinguished reputation as an industry leader with over 35 years of experience in shopping center acquisition, development, construction, and leasing. He is responsible for development, redevelopment/repositioning, construction, and leasing. He has been a member of the International Council of Shopping Centers (ICSC) for over 35 years and is on the Board of Directors of the Detroit Regional Chamber of Commerce.
Chris has been principally involved in the acquisition and development of over 25 million square feet of gross leasable retail space in several markets primarily in Michigan, and extending to the eastern half of the United States.
Chris is a pioneer in the industry from a power center standpoint. His success stems from long-term excellent relationships with local, regional, and national retailers of all sizes and categories; as well as his strong broker network developed over the years. His expertise includes strategic repositioning and coordinating the tenant mix to craft the optimal retailer synergy in each development.
Daniel L. Stern
Partner & Principal
Read More About Daniel
Daniel L. Stern earned his reputation as a leader in shopping center acquisition, financing, development and leasing. He is responsible for overseeing the planning, pre-leasing and financing of retail space in approximately 40 major retail shopping centers, and personally negotiated over 500 anchor tenant leases.
Daniel is primarily involved in financing, development and leasing of shopping centers in the development stages ranging in size from 15,000 square feet to 800,000 square feet.
He has completed over $1.5 billion of financing with balance sheet lenders, construction lenders, CMBS lenders and life companies. Daniel has been largely involved in the development and acquisition of over 10 million square feet of retail space in Michigan and surrounding states.
Jason Horton
General Counsel
horton@lormaxstern.com
Richard Kerwin
Director of Acquisitions & Dispositions
kerwin@lormaxstern.com
Mark Franchini
Director of Accounting
mfranchini@lormaxstern.com
Alicia Fresch
Director of Marketing
afresch@lormaxstern.com
Matt Drozd
Director of Property Management
mdrozd@lormaxstern.com
Michael Fitzgerald
Director of Construction
mfitzgerald@lormaxstern.com
Andrew Luckoff
Leasing
aluckoff@lormaxstern.com
Kevin Priestap
Underwriting & Due Diligence
kpriestap@lormaxstern.com
Company Outreach
Lormax Stern is dedicated to helping those in need. Throughout every year we make conscious effort to participate with charities that help our communities. We partner up with multiple outstanding charities and not only give monetary donations but also dedicate our time. We are proud to donate to causes that make an impact on those in need.
Awards & Recognition
Lormax Stern is proud that prestigious organizations have recognized the excellent of our company, our people and our properties.
