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As of 2020, Mark celebrates 36 years in business. He launched his first business venture in 1984 with the purchase of The Willows Nursing Home in Parkersburg, WV. By 1995, as CEO and co-founder, Mark had grown Glenmark Associates, Inc. into the largest nursing home and related ancillary service company in West Virginia.
In 2016, Mr. Nesselroad received the Morgantown Area Chamber of Commerce’s Earl L. Core Award for his community leadership and service, which is the Chamber’s most prestigious honor. Mr. Nesselroad is responsible for the inception of the ever-evolving Mylan Park, a community non-profit recreational and educational campus. He served as Board President of the Park from its start in April of 2000 and held that role through enormous growth over the next nine years. Mylan Park is currently the largest and most diverse special event venue in North-Central West Virginia, and Mark continues to serve as a board member of the Park. Additional awards/recognitions include: Morgantown Citizen of the Year (2000), MACC Visionary of the Year (2001), WV Governor’s Service Award (2002), Mylan Park Foundation, Inc’s Milan Puskar Award (2008), Mylan Park Foundation, Inc.’s inaugural George R. Farmer, Jr. Award (2016), and WV Executive Sharp Shooter (2017).
Mr. Nesselroad also serves on the Board of Directors and Executive Committee, while chairing the Risk Committee, of United Bankshares Inc. Also, over the course of 10 years (2008-2018), Mr. Nesselroad served on the Board of Directors, Executive Committee, and as chairman of the Finance Committee for the WV United Health System.
A Morgantown native, Mark is married to his wife Peggy; they have two adult children and four grandchildren.
J.D. West Virginia University, Law
M.B.A. West Virginia University
B.A. Davidson College, Economics
Law Licenses: West Virginia, South Carolina
RE Broker Licenses: West Virginia, Pennsylvania
Mark J. Nesselroad is responsible for planning and supervising the day-to-day operational aspects of Glenmark Holding Limited Liability Company, in addition to shaping and executing the company’s strategic plans as an owner of Glenmark. As Chief Legal Officer, Mr. Nesselroad’s responsibilities include oversight of the company’s affairs, contract analysis/negotiating/drafting, and liaison with the company’s outside counsel. Also, he is the broker for, and co-owner of, Black Diamond Realty LLC, Glenmark’s affiliated commercial real estate brokerage firm.
With Glenmark, Mark is also integrally involved with project development, design, construction, marketing, leasing, and overall business and financial planning. Prior to Glenmark, Mr. Nesselroad was an associate lawyer for over three years within the business department at Steptoe & Johnson PLLC, a prominent Mid-Atlantic law firm, where he focused his practice in the areas of real estate, commercial transactions, and business organizations.
While at Steptoe and since his tenure began at Glenmark in 2012, Mr. Nesselroad’s representative experience includes structuring, financing, and closing a wide variety of commercial, residential, real estate, and business transactions; acquiring, leasing, selling, financing, planning, & developing real estate projects across a multitude of property types (office, warehouse, industrial, retail, shopping center, flex, mixed-use, residential, student housing, land, etc.); & negotiating, documenting, and closing numerous real estate transactions, totaling more than $255+ million in financing, $23+ million in acquisitions, $100+ million in sales, and an endless number of leases.
Additionally, Mr. Nesselroad is experienced in preparing & negotiating numerous transactional agreements for business operations, consulting, financing, purchase/sale, real estate, and other sophisticated commercial purposes; forming, selling, and purchasing LLCs and corporations; matters related to the purchase, sale, leasing, and FAA registration of private aircraft; real property tax and zoning issues; franchise agreements; & securities laws regarding multi-state Regulation 506 private placement securities offerings.
Mark was honored by West Virginia Executive as a 2019 Young Gun award recipient.
Active in civic and charitable pursuits, Mr. Nesselroad is/was:
Mr. Nesselroad is a native of Morgantown, WV; he and his wife Lauren have two children.
BSBA, West Virginia University, 1980 – Concentration in Accounting
As Glenmark Limited Liability Company’s Chief Financial Officer, Nicola “Nick” Colasante is responsible for the financial stewardship of the company, including capital and operating budgets, financial affairs and reporting, procurement and debt/treasury management. Since joining Glenmark in 1994, Nick has proven to be a valuable asset to the team. His financial guidance has contributed greatly to the company’s overall growth. With a reputation for accuracy and comprehensiveness, Nick’s efforts have been significant in providing Glenmark with financial leadership that has led to sustained company growth and profitability achievements during his tenure.
Nick commenced his career with Glenmark Associates, Inc. in 1994 in the position of Division Controller of the Horizon Medical division of the company. Glenmark Associates, Inc. (predecessor to Glenmark LLC) was a healthcare company focused on long-term care facilities and auxiliary services. While working with Horizon, Mr. Colasante was responsible for the financial oversight of the integrated company operations of mobile x-ray, medical products, rehabilitation disciplines, and the institutional pharmacy. Preceding this time period, Mr. Colasante, who is a Certified Public Accountant, was employed in the financial management field and held the titles of Partner with a local public accounting firm, plus Vice President and Controller with a publicly-traded healthcare company. Prior to his position as CFO, Mr. Colasante represented Glenmark in the capacity of Vice President of Business Development; a position he held from 2001 to 2012. He was instrumental in assisting the company achieve its remarkable average annual growth rate of 12% between 2000 and 2014.
With Glenmark, Mr. Colasante has been involved with all phases of project development, from site selection and acquisition through design, construction, financing, marketing, leasing, and property management oversight. In his business development position, Nick became the initial point of contact and liaison for the varied clients and tenants of Glenmark. Even as CFO, Mr. Colasante continues to provide support to leasing and purchase inquiries, attention to tenant expansion needs, and similar projects. Over the years, Glenmark has identified itself as a leader in the real estate development business in the greater Morgantown area. Mr. Colasante, through his personal commitment, has taken pride in developing and sustaining long-term relationships with the tenants and clients of the firm.
Mr. Colasante also has extensive experience working with both state and federal government agencies in the planning, design, and development of new agency leased facilities. Nick has been successfully involved in achieving LEED certification status for two GSA projects while overseeing the tenant improvement component of those long-term lease projects. Additionally, Mr. Colasante was involved in the design of a real estate investment venture utilizing tax conservation easement benefits by strategically giving up property rights in exchange for income taxation benefits.
Today, Mr. Colasante is responsible for the preparation of all Glenmark’s financial statements, including the presentation of annual reviewed reports and future forecasts. He is in charge of cash management and banking relationships. Further responsibilities include financial matters of acquisition and development of properties which includes projections and budgets, offering memorandums, debt commitments, and closings. Mr. Colasante oversees and finalizes the financial analyses for all business pursuits. Additionally, Nick is in charge of investor relations as it pertains to quarterly reporting and distributions, and tax reporting.
Nick brings a broad range of talent and experience to his position; he takes a detailed, hands-on approach in understanding the company’s goals and formulating positive financial outcomes. His creativity and broad background in business make him a valuable asset in the development process. Customer service and satisfaction are the ultimate goals whether it is a complex build-to-suit long-term lease project or a smaller undertaking.
At West Virginia University, Nick was a member in Beta Alpha Psi, Beta Gamma Sigma, and the Golden Key Honor Society. Mr. Colasante has been an active community and charitable participant. He served as a Board member and Treasurer of his church (St. John’s Parish) and was the past Treasurer of the Morgantown Area Chamber of Commerce. He is a current member of the American Institute of Certified Public Accountants. A Morgantown native, Nick and his wife Brenda have two adult children.
BSBA, West Virginia University, 2008
Since her start with Glenmark in October of 2000, Cindy Goodwin has proven her value as a solid member of the team. Her strong skills are evidenced with her meticulous work with accounts receivable and payable, health insurance, and profit sharing and section 125 plan accounting. Ms. Goodwin’s initial duties included assistance with monthly financials and preparation of work papers for both monthly and year-end financials. She is also involved with tenant correspondence, utility management, and real estate taxes.
Ms. Goodwin’s value to Glenmark reaches beyond the scope of her accounting duties within the company. Often called upon for help with special projects and for answers to a variety questions, Cindy rises to meet each challenge. She possesses a wealth of knowledge on many aspects of Glenmark that she has accumulated over time.
Ms. Goodwin became Controller at Glenmark in May of 2012. Prior to her current position, she served as Senior Accountant; a role she had held since July 0f 2008. Cindy’s responsibilities are numerous and she meets each of them with a deliberate focus to advance business goals. Ms. Goodwin is involved with fixed asset management, loan draws for construction projects, and quarterly distributions and investor correspondences. Cindy is relied upon for analysis of financials and cash flow statements, internal tax returns and year-end review coordination, and cash management. She is also responsible for the supervision and training of staff accountants.
Cindy continued her education and earned her CPA, becoming licensed in February of 2009. This feat was achieved while working full-time and raising two children. Her energy and enthusiasm is boundless.
BSA, West Virginia University, 1985 – Sports Management
West Virginia General Contractor (since 1995)
Michael Saab began his career with Glenmark as Director of Property Management in 1986. At the time, Glenmark was a nursing home facility owner and operator. Within nine years, Glenmark grew to become the largest nursing home and related ancillary service company in West Virginia. During that period, Mike was directly responsible for maintaining the daily property operations with regard to safety, various skill and acuity levels, and purpose of each nursing home facility, as well as working with all state compliance agencies and different nursing home accreditations. Mike’s role grew and evolved as Glenmark sold its healthcare holdings and forged ahead with its commercial real estate construction and development arms. Mr. Saab’s duties now find him as Director of Construction for new projects and Director of Property Management for approximately 1 million SF of owned/leased property. Through his hands-on experience, Mike is able to assess situations and react accordingly to any type of construction matter and any client’s issue. Mike’s dedication and know-how often finds him personally responding to any crisis that pops up night, day, or weekend.
As Director of Construction, Mike is in charge of taking projects from inception to fruition. His estimating, budgeting, and bid negotiating skills have been instrumental in ensuring the success of projects. Additionally, he assists in developing a project’s scope of work and ensures contractors adherence thereto and to the architectural plans and specifications. Mike hand picks and maintains positive working relationships with contractors to uphold Glenmark’s high standard of excellence at an affordable price. His diligence nearly guarantees each project’s completion on time and on budget.
Since 2003, he has overseen and directed, on behalf of Glenmark, in excess of $200 million dollars and 900,000 square feet of new construction and tens of millions of dollars in renovations, expansions, and improvements of existing properties. With 30 years of experience, Mr. Saab has seen just about everything in the construction industry. Mike’s diversity of construction knowledge spans across all property types, from Class A high-rise office structures to pole-built warehouse and industrial units, from block and mortar buildings to a mega-store retail power center, from rehabilitation and transformation of abandoned warehouses to high quality offices and restaurants, from brand new franchise hotels to flex space business parks, and from a 1,310-bed mixed-use student housing project for West Virginia University to highly technical data centers for the FBI and WVU Medicine.
It is a direct result of this multi-faceted experience that Mr. Saab is able to recognize and realize the full potential of each Glenmark property on time and on budget. Mike is directly responsible for oversight of all field operations, construction projects, budget development, construction schedules, contract negotiations, and management of project teams. Mike is native to Morgantown and is married to wife Tammy; they have two adult sons.
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