David S. Zook named executive vice president, COO of Mark Centers Trust; Kane, Gerney and Epley promoted.KINGSTON, Pa.--(BUSINESS WIRE)--Nov. 29, 1994--Mark Centers Trust (NYSE NYSE See: New York Stock Exchange :MCT See Microsoft certification. ) announced today that David S. Zook (46) has been named executive vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , and that Joshua Kane has been promoted to senior vice president and remains chief financial officer. Zook, who had been senior vice president and director of leasing, succeeds Jack Wertheimer, president, who is no longer with the company. The company also announced that Peter G. Gerney, vice president acquisitions, research and development, has been named a senior vice president and Donald L. Epley, regional leasing representative has been appointed vice president and director of leasing replacing Zook. Zook joined Mark Centers Trust at its inception in 1993. Previously he was with the predecessor company, Mark Development Group, which he joined in 1984. Prior to joining MDG MDG Millennium Development Goals (UNDP) MDG Madagascar (ISO Country code) MDG Medical Group (USAF) MDG Air Madagascar (ICAO code) , Zook held various executive positions at Oxford Development Co. and Eagan Real Estate Inc., each of which were engaged in shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into development. Kane joined Mark Center Development Co. in 1986. He was named vice president and chief financial officer of the trust in 1993. Gerney joined Mark Development Co., in 1985. Epley joined Mark Development Co. in 1986. In making the announcement, Marvin L. Slomowitz, chairman of the board and chief executive officer of Mark Centers Trust said, "Dave Zook is ideally suited for the position of executive vice president and chief operating officer. He has successfully negotiated and managed our shopping center leasing arrangements for the past ten years, resulting in an impressive array of tenants and significant occupancy rates for all of our locations. These appointments," Slomowitz added, "will significantly strengthen our management team." Mark Centers Trust is a fully integrated real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) which acquires, develops, renovates, owns and operates shopping center properties located in the eastern and southeastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Mark Centers Trust currently owns and operates 39 properties totaling approximately 6.8 million square feet of gross leasable area Gross leasable area (GLA) in the retail development industry is a term applied to shopping malls, lifestyle centers, outlet malls and other retail centers to indicate the amount of floor space available to be rented. consisting of 31 neighborhood and community shopping centers, three enclosed malls, and two mixed use (retail/office) properties. Also under development are two community shopping centers which will increase the existing portfolio to over 7 million square feet: Bradford Towne Centre, Towanda, Pa., and Route 6 Center, Honesdale, Pa. CONTACT: Mark Centers Trust
Steve Althoff, 717/288-4581
or
KCS&A
Leslie A. Schupak/Joseph A. Mansi
212/682-6300 ext. 207/205
|
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion