BROKERAGE SERVICES MARK SCHLAG CCIM, CLS CONTACT INFORMATION: Phone: (208) 947-0817 marks@ www. EXPERIENCE: Mark Schlag has been a retail and investment specialist at Thornton Oliver Keller since 1993. Primary areas of expertise include retail landlord and tenant representation, retail investment sales and development services, including site assemblage. Mark started his career in commercial real estate while completing his degree at Seattle University. Upon returning to Boise, Mark was recruited by the original founding partners of Thornton Oliver Keller as a retail specialist. A reputation for superior customer service and an ability to creatively approach the objectives of his clients has earned Mark a distinguished reputation within the local industry. Mark has participated in numerous projects including the development, lease up and subsequent sale of the 71,000 square foot mixed-use One Front Street building; the acquisition and redevelopment of the 118,000 square foot Cole Village Shopping Center; and has increasingly developed notable national representation accounts including AutoZone, Bank of America, Chipotle Mexican Grill, Key Bank, SleepTrain and multiple others. Mark graduated from Seattle University in 1993 Magna Cum Laude with a Bachelor of Arts in Business Administration in Finance and Economics. PROFESSIONAL & COMMUNITY ACTIVITIES: Mark maintains membership within the following organizations: International Council of Shopping Centers (ICSC) where he has attained the certification of Certified Leasing Specialist; CCIM Institute as the former President of the Idaho Chapter of CCIM; and is a member of the Boise Metro Chamber of Commerce (transportation committee). FAMILY, HOBBIES AND INTERESTS: Mark resides in Boise with his family. An avid outdoorsman, Mark s time away from the office is spent with family and friends fly-fishing, skiing, running, backpacking and pursuing all that the Idaho outdoors have to offer.
SELECT TRANSACTIONS RETAIL DEVELOPMENT ONE FRONT STREET 71,000 SF Development Lease Up & Investment Sale COLE VILLAGE SHOPPING CENTER 118,000 SF Shopping Center Disposition USTICK MARKETPLACE 4.5 Acre Land Sale - Gold s Gym [5] Pad Disposition 10,000 Lease Up & Sale - Shops Bldg. COLE VILLAGE SHOPPING CENTER 44,240 SF Lease - Walmart Neighborhood Mkt. GROUND LEASES & PURCHASES [4] Sites - Family Center Karcher Crossing Ustick Marketplace Eagle Promenade RAM PLAZA 16,200 SF Retail Center Investment Sale SHOP SPACE LEASES [3] Sites:: The VIllage at Meridian Westpark Towne Plaza Trader Joe s Boise USTICK MARKETPLACE 1.09 Acre Long Term Ground Lease - Key Bank STONEHENGE PLAZA 50,000 SF Shopping Center - Investment Sale GROUND LEASES [3] Sites - Ustick Marketplace Eagle Promenade Elms Park USTICK PROMENADE 6,448 SF Retail Shops Investment Sale TULLY S RETAIL CENTER 4,659 SF Retail Shops Investment Sale SHOP SPACE LEASE & LAND PURCHASES [4] Sites - Country Square Shop. Ctr. Boise Nampa SHOP SPACE LEASE & LAND PURCHASE [3] Sites - Boise Towne Square The Village at Meridian Cole Road MARKETPLACE AT MC CALL 37,574 SF Lease Renewal 10,000 SF Expansion
REFERENCES LANDLORD OWNER (PARTIAL) Kreizenbeck Constructors/C.P.K. Associates Ralph & JoAnn Kreizenbeck, Owners Buie Stoddard Group Mr. Jeffry L. Stoddard, Owner S-Sixteen Limited Partnership Mr. Michael Simplot, Vice President Lightyear Development Mr. Mike McCabe Brighton Corporation Mr. David Turnbull Western Enterprises Mr. James E. Chalfant, Owner Everett Davis Retail West Properties Mr. Eric Davis Fairview/Milwaukee LLC Mr. Tim Harris Browman Development Mr. James Stephens TENANT USER (PARTIAL) Chipotle Mexican Grill Mr. Greg Vujnov Autozone Mrs. Ashley Walker The SleepTrain Greg Aguirre Bank of America Ms. Kimberly Tobiason Taco John s Mr. David Abajian, Franchisee Goodwill Industries Mr. Tim Bleymeier Key Bank Blair Wood Rite Aid Corporation Mr. Gregg Weiman, Real Estate Manager Baja Fresh Company Mr. Scott Hatter, Franchisee United States Postal Service Mr. John Walters
Ram Plaza Case Study SIGNIFICANT ACCOMPLISHMENTS: 5 new leases signed in 16 months with credit tenants. Stabilization achieved despite disruptive foreclosure process. Successful disposition through national Auction.com platform with 14 bids by 5 local/regional/national bidders. Ram Plaza, an attractive 16,181 square foot unanchored retail strip center is located on Broadway Avenue, close to downtown Boise, Parkcenter s prestigious business parks and the Boise State University campus. This highly visible center enjoyed a strong daytime population but the project and its tenants were significantly impacted by the recession that gripped the local and national economies in 2008. Thornton Oliver Keller was awarded the leasing and management of the property by LNR Property LLC after it foreclosed on Ram Plaza. The property s performance was severely anemic and vacancy surpassed 60%. LNR, the country s largest commercial real estate investment provider, tasked Thornton Oliver Keller with attracting and filling the center with credit tenants. The Retail brokerage team of Mark Schlag and Ben Zamzow began a targeted, aggressive marketing campaign showcasing the project to both the local brokerage community and national retailers who complimented the center s customer demographic. Simultaneously, Candice Ranson-Hartman, the project s Property Manager, utilized exceptional efforts to remedy latent property issues (landscaping, parking, signage and power supply) while building a strong, personal rapport with both prospective and existing tenants. Within 18 months, the brokerage and property management teams had stabilized the property (only 2,700 square feet was available), dropping vacancy to 17%. Mark and Ben successfully signed five new leases with Extreme Pizza, My Fit Foods, Palm Beach Tan and Qdoba. Candice s management strategy contributed greatly as existing tenants opted to stay in the project despite five different tenant build-out projects which necessitated numerous contractors and construction issues on site, for months. Ram Plaza s ownership was so pleased with Thornton Oliver Keller s results that it decided to offer the property for sale through Auction.com two years later. Once again, a targeted marketing strategy inclusive of local and national parties delivered multiple strong offers. A winning bid was secured by a local investor within two months. Extensive knowledge of the property and leasing results solidified Thornton Oliver Keller s ability to retain both brokerage and property management services under the new ownership.
Peterson Chevrolet Case Study SIGNIFICANT ACCOMPLISHMENTS: Opinion of value targets a very accurate sales price range. Property professionally managed by Thornton Oliver Keller and tax liability successfully appealed. Local owner-user purchases project in a relocation move. After being approached by the owner of an 87,000 square foot auto dealership located on Fairview Ave., John Stevens and Michael Ballantyne prepared an Opinion of Value for the well known and highly visible Boise property. At the time, Peterson s Chevrolet occupied the property and was paying healthy rents. The seller selected Thornton Oliver Keller to list the property for sale, which was then brought to market six months later. Upon its entrance to the local market, the property generated significant attention and also received multiple offers, including an RFP by the Governmental Services Agency (GSA). However, the seller was unable to accept any of these offers due to financial constraints. John and Michael were instructed to continue marketing the property. A year and a half later, Peterson s Chevrolet had vacated the property and Thornton Oliver Keller was asked to manage the property as well. A successful tax appeal by Thornton Oliver Keller followed which significantly reduced the property s tax liability. The listing price then moved into the price range of probable value as set forth in the Opinion of Value. Almost immediately thereafter, a Purchase and Sale Agreement was executed between the seller and a local owner-user who was interested in relocating their business. The transaction closed within three months, commanding a price on the high-end of Thornton Oliver Keller s valuation.