Lormax Stern Development Company Employee Directory
Real EstateMichigan, United States11-50 Employees
Lormax Stern Development Company is a U.S.-based real estate firm focused on acquiring and redeveloping retail assets, including shopping centers and outlet properties. Based in Bloomfield Hills, Michigan, the company pursues opportunities to buy existing centers and repurpose them for new uses, as seen in its history of notable acquisitions such as Macomb Mall (2013) and a Sears-related building (2019). In April 2025, reports indicate the firm completed the acquisition of an outlet mall, signaling ongoing activity in retail asset consolidation. The company has engaged in partnerships on acquisitions, including collaborations with Time Equities Inc. in 2024. Its focus is on acquiring and repositioning retail properties, including former large-developer assets and redevelopment projects like open-air centers.