Ryan, Joe



Joe Ryan founded Oppidan Investment Company in May 1991 and serves as its president. In his two decades leading Oppidan, the company has developed over $1.5 billion in property for more than 35 retailers. Past and current industry-leading retailers such as Cub Foods, Carl’s Jr., Camping World, Coborn’s, Econofoods, Goodwill, Orchard Supply, Verizon Wireless, and Gander Mountain. In total, he has completed more than 300 projects in 26 states with space in excess of 9 million square feet.

Prior to starting Oppidan, Mr. Ryan was a shareholding partner of REI, Limited and directed the operation of the Richard Ellis, Inc. office in Minneapolis. Richard Ellis, based in London, England, is one of the world’s largest international real estate corporations and offers a range of advisory services to an international client base. In his role he supervised investment, asset, valuation and consulting management activities.

For six years prior to joining Richard Ellis, Mr. Ryan served as Vice President - Asset Management of St. Paul Properties, Inc., the wholly owned real estate investment subsidiary of the St. Paul Companies, Inc. He was responsible for office, industrial, retail and apartment properties throughout the United States valued at nearly $300 million.

Mr. Ryan is a graduate of the Unversity of St. Thomas where he received both a Bachelor of Science in Business Administration and a Master of Business Finance.

Ayres, Mike

Chief Operating Officer


Mike Ayres joined Oppidan Investment Company in March 1999 as the Chief Operating Officer. He is responsible for the overall operations of the company and several of its key development partnerships.

In 2011, Mike moved to Oppidan’s recently opened office in San Jose, California where he is currently working with Orchard Supply Hardware and helping them redevelop and expand through the coming years.

Mike began his career working for IBM, spending five years in sales and marketing management. He left IBM to join Comdisco and assumed various roles in Sales, Marketing, and Business Development. While at Comdisco, he developed a PC trade center and drove definition and implementation of Comdisco’s leading edge asset management software.

In 1992, he joined GE Capital Leasing as a Regional Sales Manager. He directed a sales force for GE Computer Leasing, earning top producer honors. Mr. Ayres left GE Capital Leasing to join Netforce MTI as Executive Vice President of Sales and Business Development. In December 1995, Comdisco acquired NetforceMTI and renamed the company Comdisco Network Services. After the acquisition, he remained with Comdisco Network Services as Executive Vice President of Sales and Marketing until early 1997.


Scott, David

Vice President and Counsel


David joined Oppidan as Vice President & Counsel in 2007 and brings a wealth of legal experience to his position.  Prior to joining Oppidan, David focused his practice on the acquisition, sale, financing, leasing and development of real estate assets, representing developers, investors and lenders.  He has consummated several million dollars in transactions across the United States.  David was also underwriting counsel for a title insurance agency in Minnesota.  His expertise with sophisticated real estate deal structures and his focus on quickly solving legal issues is of significant value to Oppidan.

David was awarded his Bachelor of Arts degree in 1996 from Augustana College, in Sioux Falls, South Dakota, and he received his J.D. from the Wake Forest University School of Law in 1999.  David is a member of the bar in Minnesota.


Tucci, Paul



Paul Tucci joined Oppidan Investment Company in December 1997 as Vice President of Development. In this role, Mr. Tucci has responsibility for all aspects of the Development process, including Site Selection, Site Acquisition, Governmental Entitlements, Tenant Lease negotiation and coordination and professional service provider coordination, all done in an efficient manner to provide timely turnover to the client.

Prior to joining Oppidan, Inc., Mr. Tucci served as Director of Asset Management for Madison Marquette Realty Services. Mr. Tucci was responsible for the property acquisition, financing, redevelopment, leasing, management and asset management related to those properties owned by the firm’s clients.  This entailed 20 properties in excess of 4 million square feet in three separate portfolios.

Mr. Tucci had been with Madison Marquette and its predecessor companies for the past 12 years. Mr. Tucci started as a property accountant and advanced into property management with responsibility for the management of a 1.1 million square foot regional center, prior to becoming the Director of Asset Management.

Prior to being employed by Madison Marquette, Mr. Tucci was the controller of a small company in St. Paul, MN.

Mr. Tucci has obtained his BSB in Accounting from the University of Minnesota and received his Master Degree in Finance from the University of St. Thomas.  He is a member of the Minnesota Shopping Center Association and a member of the International Council of Shopping Centers.



Moore, Jay



Jay Moore joined Oppidan Investment Company in 2001. Jay has developed several single tenant and multiple tenant retail developments with Oppidan.  Some of the tenants Jay has developed for include:  Gander Mountain, Northern Tool & Equipment, Camping World, Walgreens, Caribou Coffee, Movie Gallery, and Dairy Queen.

In addition, Jay is responsible for all aspects of leasing at Oppidan, which include procuring tenants, marketing the shopping centers and new developments, and negotiating leases.  Jay has acquired a broad range of real estate experience with Oppidan including land acquisition, land disposition, shopping center development, entitlements, and construction management.

Prior to joining Oppidan, Jay was the Director of Sales for Athletica, Inc. from 1993-2000. Athletica is the world's largest manufacturer of dasher boards for ice hockey, in-line hockey and indoor soccer. 

Jay holds a Bachelor of Science degree in Finance/Marketing from the University of Denver.  He is a member of the Minnesota Shopping Center Association and a member of the International Council of Shopping Centers.

In Jay’s spare time he enjoys fishing, hunting, playing hockey and golf



Rusk, Shannon

Vice President of Development and Brokerage Services


Shannon Rusk is a Vice President of Brokerage Services for Oppidan. She is responsible for developing and maintaining client relationships with emphasis in strategic real estate planning. Ms. Rusk manages and oversees strategic site selection, entitlement, project development and financing for select clients. The process is thoughtfully and timely managed through to client turnover.

With a successful track record encompassing more than twenty years in the commercial real estate industry, Ms. Rusk is a valuable asset to Oppidan Investment Company and her clients. In addition to working as a strategic developer for Oppidan, she has represented several major corporations in their real estate planning, transaction services and project management. Whether negotiating a lease transaction or facilitating a corporate relocation, Ms. Rusk brings professionalism to every assignment she undertakes.

Prior to joining Oppidan, Ms. Rusk’s real estate career included work in the corporate real estate division of Cushman & Wakefield, LaSalle Partners in Chicago, IL as well as Trammell Crow Company in St. Louis, MO. During this time, she represented several major corporations, handling their corporate relocations throughout the country, for companies like Hewlett Packard, Monsanto Company, Valspar, Medtronic, General Electric and Oracle. Prior to real estate Shannon was an engineer for IBM Corporation.

Shannon began her post-secondary education at the University of Minnesota, where she earned a Bachelor of Science degree in Mechanical Engineering. An active member of the community, Ms. Rusk has served as co-chair of the “Dawn of a Dream” benefit concert on behalf of the Children’s Cancer Research Fund, is a member of NAIOP and ICSC.