BRADENTON, FL / ACCESS Newswire / February 4, 2025 / The past few years have seen many developers tighten their belts and scale down on acquisitions due to rising interest rates. But that has not been the case for Benderson Development, according to managing director Randy Benderson. In fact, Benderson Development has gone on a proverbial "shopping spree" for commercial real estate assets to bolster its portfolio and position the company for long-term success.
The company has been growing its portfolio exponentially over the last few years. In 2023, Benderson had acquisitions totaling over $2 billion and more than 10 million square feet. Today, the Benderson portfolio includes 1,065 properties totaling more than 55 million square feet in 40 states, making it one of the nation's largest privately held real estate companies. "Our disciplined approach, financial strength and in-house capabilities allowed us to find opportunity in the face of an unprecedented economic environment," said Randy Benderson.
A Year of Transformative Acquisitions
Last year alone, Benderson Development added to its portfolio 23 properties totaling 3 million square feet plus 4,400 acres of land for future development. Many of the acquisitions were prime real estate assets in major markets across Florida, including:
Monarch Ranch: 3,400-acre industrial development site in The Villages, the fast-growing metro area in the country
The Shops at Midtown Miami: 347,000-sq. ft. retail center in the heart of Miami anchored by Target, Dick's Sporting Goods, Marshalls and HomeGoods
Cypress Trace: 280,000-sq. ft. grocery-anchored shopping center in Fort Myers
Carillon Place: 250,000-sq. ft. open-air retail center in Naples
North River Marketplace: 51-acre mixed-use development site in Venice
Glengary Shoppes: 95,489-sq. ft. retail center in Sarasota
Park Plaza: 25,000-sq. ft. mixed-use property in the prestigious Park Avenue District in Winter Park
"We continuously seek out exceptional assets to enhance our portfolio. These recent acquisitions align well with our growth strategy and strengthen our Florida footprint," added Randy Benderson. "Benderson is a multi-generational company and committed to long-term ownership of a high-quality real estate portfolio."
Benderson Development has a long, successful track record of ownership and operation of high-quality retail, industrial/warehouse, office and hotel properties around the country. The company's forward-thinking approach and focused investment strategy has led to more than seven decades of growth and achievement in the industry.
Andrew Mitchell
media@cambridgeglobal.com
SOURCE: Cambridge Global
View the original press release on ACCESS Newswire
