38 | NOVEMBER 10 • 2022

BUSINESS

A

s documented in a 2008 JN
feature story on Jerry Schostak,
the beginnings of Schostak
Brothers & Company Inc. are as humble
as can be.
A long line of Schostak rabbis from the
Ukraine ended in 1920 when
Louis Schostak (Jerry’s father)
quit rabbinical college in
Cincinnati and, without any
capital or experience, stuck a
real-estate business sign on
his lawn.
The leap of faith worked
out — and led to creation of
Schostak Brothers & Company.
With a footprint in Michigan for more
than a century, the now fourth-generation
real estate company has included
development, acquisitions and leasing
of retail, office, industrial, residential
and mixed-use projects, both urban and
suburban. Schostak’s current activities
include joint ventures, build-to-suit
projects, mixed-use developments and a
variety of necessity-based retail and open-
air centers in 16 states. The Livonia-based

company also has a strong presence in the
food industry. Its Team Schostak Family
Restaurants portfolio now includes more
than 100 restaurants, such as
Applebee’s, Del Tacos, MOD
Pizzas, Olga’s Kitchens and
Wendy’s.
The company is currently
led by the third-generation
Schostak brothers, Bobby,
David and Mark, who are
continuing the real estate
leadership tradition of their
father and grandfather.

COMMUNITY GIVING
CAMPAIGN
In June, Schostak Brothers
& Company announced the
company would mark its
centennial with a community
giving campaign to distribute
$1 million across impactful
Detroit-based nonprofits.
Selected from a range of
nonprofit sectors including
neighborhoods, workforce development,

education, health and entrepreneurship,
the goal of the initiative is to select a range
of organizations based on their work in
Detroit, the city where the company was
founded a century ago.
The gift recipients were carefully chosen
through an extensive selection process
involving employees, with the intent to
help the charities complete a current
project or start a new phase. It also
will shine a light on each organization’s
efforts to reach other potential donors.
Consideration was also given to the
overall impact of each gift, along with
hands-on community engagement
opportunities available to the Schostak
team of more than 8,500 employees.
Detroit-based Life Remodeled was
named the first gift recipient, receiving
a $100,000 gift to kick-off the 2022
Life Remodeled Six Day Project that
took place Oct. 3-8 in the community
surrounding Cooley High School.
Hundreds of Schostak team members
were on the ground participating in the
volunteer efforts to beautify the area
surrounding Life Remodeled’s next

ALL PHOTO CREDITS TO SCHOSTAK BROTHERS & CO.

Schostak Brothers & Company mark 100th anniversary
with $1 million community giving campaign.

Bobby
Schostak

Mark
Schostak

David
Schostak

Patriarch
Louis
Schostak

DANNY SCHWARTZ STAFF WRITER
Giving Back

Third-generation
brothers David, Mark
and Bobby Schostak