SCHOSTAK TIMELINE

Louis Schostak and his brothers start a residential brokerage business in downtown Detroit.

Jerry’s son, Mark, joins the company. Becomes the developer of Oakland Technology Park in Auburn Hills, which becomes the headquarters for Chrysler Corp. The company starts developing mixed-use properties like Laurel Park Place, Pointe Plaza, and Maccabees.

A commercial brokerage is added.

Company acquires the Light Guard Armory, Northville State Hospital, and Salem Springs. Begins acquiring and operating 75 retail projects near Walmart shopping centers in 25 states.

Louis’s son, Jerry, joins the business and launches it as a full-service commercial and industrial brokerage company.

Schostak develops and becomes the leasing agent for Wonderland Mall, Livonia Mall, Macomb Mall, Oakland Mall, and Somerset Mall.

Brokers the property for the first Kmart store in Garden City.

Company begins developing for Kmart in Michigan and the Midwest, building more than 40 stores. Jerry’s sons, Bobby and David, join the business.

Opens its first Burger King in Alpena, the first of 70 units.

Opens first Del Taco in Dearborn Heights.

Purchases 65 Applebee’s in Michigan.

Buys Olga’s Kitchen out of bankruptcy. Fourth-generation family member, Jeff, joins the company. The company sells its Burger King locations.

Buys 55 Wendy’s restaurants in Michigan and acquires the Palace of Auburn Hills for redevelopment.

Celebrates the company’s 100th anniversary two years late, due to COVID-19, with a million-dollar Detroit Giving Campaign.