Company History

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Company History

Richmar Properties is a third generation family business. The  company received its start in the 1940s when Giant Supermarkets was formed in Mt. Pleasant, Michigan by Les Walton.  Les took on a partner in the mid 1940s and grew the company to over 25 stores across central and northern Michigan. While operating the Supermarket chain, Les, and his son Richard developed many of the locations from the ground up into shopping centers. That business was jointly owned by the Walton Family since that time, until the Waltons sold all their interests in the retail business, in the mid 1990s, and retained ownership in many of the shopping centers.

historygroupIn 1996 after separating from his partners, and maintaining sole ownership in six of the shopping centers, Richard Walton, with his son Mark started Richmar Properties.  Since that time Richmar Properties has developed additional shopping centers; developed a 152 unit upscale apartment complex, acquired numerous land investments in the Phoenix area, along with several small projects.

Richmar Properties and its affiliates currently own and manage eight retail properties with over 250,000 sq. ft. in central Michigan and the Atlanta Georgia area.  In addition to the shopping center operations,  Richmar Properties is a real estate brokerage company licensed in Michigan and Georgia with Mark R. Walton as Broker of record.  Richmar Properties currently has several development projects under way in Michigan and Arizona.  These development projects range from a small upscale subdivision in Mt. Pleasant, Michigan to developing a 100,000 +  sq. ft. shopping center in Maricopa, Arizona.  

Officers 

Mark R. Walton - President

Mark has held various management positions in the retail industry from 1985-1996 when he assisted his father Richard in starting Richmar Properties.  Since Richmar Properties was formed, Mark has managed all duties from Leasing, Developing, and Sales of the real estate.  He is also Co-Owner of Exit Richmar Realty, a residential and commercial real estate brokerage in Mt. Pleasant, Michigan, which opened in June 2002, and Mark is the Broker of Record for Richmar Properties in Michigan and Georgia.

Robert Elmore - Chief Financial Officer

Robert Elmore has been the CFO of Richmar Properties almost since inception in 1996.  Mr. Elmore has been a CPA for over 30 years, and from 1977 to 1986 he was controller of the 25-store grocery/discount store chain that was owned by the Walton's.  From 1986 to 1996, Mr. Elmore owned and operated a successful CPA firm in Mt. Pleasant, Michigan.  In 1996 Mr. Elmore became Chief Financial Officer of Richmar Properties, and has been crucial in the success of Richmar Properties in all endeavors.

Leslie A. Walton - Vice President

Leslie Walton has been Vice President of Richmar Properties since 1998.   Since joining Richmar Properties.  Leslie has been the Property Manager and handled the day to day Leasing, and Tenant relationships.  She is also Co-Owner of Exit Richmar Realty, a residential and commercial real estate brokerage in Mt. Pleasant, Michigan, which opened in June 2002.  Prior to that, Leslie owned and operated a Ziebart/Speedy AutoGlass franchise in Mt. Pleasant, Michigan during 1994 to 2001.  Leslie has also held various management positions within the retail industry from 1986 to 1994.

Address

4585 E. Pickard St.
Suite G
Mt. Pleasant, MI  48858

 

Phone Number

(989) 775-8669

 

Contact Us

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Richmar Properties is Licensed in Michigan & Georgia