What Gillon Property Group does

Gillon Property Group (GPG) is a privately held, vertically integrated real estate investment, development, and operations company headquartered in Dallas, Texas. Formed in August 2025 as a subsidiary of Gillon Capital (the Washburne family single-family office), GPG was created to consolidate and unify management of a commercial real estate portfolio spanning 81 unique properties across 10 U.S. states and totaling over 14 million square feet in retail/mixed-use, hospitality, multifamily, and office assets. Backed by both the Washburne and Hill-Hunt families (Heather Washburne is a descendant of H.L. Hunt), the firm operates on a generational/50-year investment horizon with patient family capital.

The firm functions as Investor, Developer, and Operator. As Investor it applies proprietary analytics to identify market dislocations in commercial real estate, targeting deals of $100M-$150M with at least 150,000 sq ft of retail plus office, multifamily, or land for development across Texas, North Carolina, Colorado, and the Midwest. As Developer it executes ground-up projects and large-scale redevelopments from an owner's perspective with rigorous budget management — including the $1.5 billion Country Club Plaza redevelopment plan in Kansas City (750 apartments, 645,000+ sq ft of office, 278 hotel rooms) and the Knox Street mixed-use project in Dallas (luxury hotel, 150,000 sq ft of office, high-end retail, luxury condos). As Operator it delivers white-glove, in-house property management, leasing, and marketing. Trophy assets include Highland Park Village in Dallas (built 1931, first inward-facing open-air shopping center in America, home to Cartier, Chanel, Dior, Hermès, Rolex) and Country Club Plaza (first outdoor shopping center in America, acquired in 2024 for $175.6M).

Revenue mechanics combine recurring rental income from a national owned/JV portfolio (81 properties, 14M+ sq ft), development and redevelopment fees from large-scale joint venture projects (e.g., Knox Street with Trammell Crow and MSD Capital; Watters Creek Village with Town Lane), and third-party property management and leasing contracts (e.g., Phillips Place for Lincoln Harris; Knox Street for MSD Capital). The customer base is bifurcated: enterprise tenants are global luxury brands and national retailers (Lululemon, Sephora, Anthropologie, Barnes & Noble, Cheesecake Factory); institutional partners span Trammell Crow, MSD Capital, Ares Real Estate, Town Lane, and Auberge Resorts. The firm is led by President and CEO Drew Steffen (Yale MBA/Architecture, former head of North Texas at Hines) with Hill Washburne as Executive Chairman and Ray Washburne as Vice Chairman.

Name

Gillon Property Group

Legal name

Gillon Property Group Marketing, LLC

Website

https://gillonpropertygroup.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

51–100 employees

Short description

Gillon Property Group is a Dallas-based, privately held vertically integrated real estate investment, development, and operations firm overseeing 81 properties totaling 14M+ square feet across 10 U.S. states, serving global luxury brands, mixed-use tenants, and institutional joint-venture partners with in-house asset management, ground-up development, and white-glove operations.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment and Development

NAICS

Residential Property Managers (531311), Offices of Real Estate Agents and Brokers (5312), Management of Companies and Enterprises (55111)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Real Estate Management for Family Offices (Acquisition, Development, Property Ops) (FSAAADAI)

akta.pro secondary industries

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE), Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Commercial real estate investment
• Mixed-use property development
• Retail property management
• Real estate acquisitions
• Luxury retail operations

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Retail and Mixed-Use Property Rents: GPG generates rental income from its portfolio of retail/mixed-use, hospitality, multifamily, and office properties across 10 U.S. states. The portfolio includes trophy assets such as Highland Park Village (luxury retail), Country Club Plaza, Watters Creek Village, Knox Street, and others totaling over 14 million square feet. The company operates as a vertically integrated owner with in-house leasing and property management capabilities to maximize rents and tenant retention.
2. Development and Redevelopment Fees: GPG serves as developer on ground-up development and large-scale redevelopment projects including the $1.5 billion Country Club Plaza plan (750 apartments, 645,000+ sq ft office, 278 hotel rooms, park), the Knox Street mixed-use project (luxury hotel, 150,000 sq ft office, high-end retail), and other developments. Development activities generate fee income and create long-term value through asset appreciation.
3. Property Operations and Management Services: GPG provides in-house white glove property management, leasing, and marketing services for its own portfolio and for third parties (e.g., managing Phillips Place for Lincoln Harris, Knox Street for MSD Capital and other owners). Management fees and leasing commissions represent a recurring revenue stream from these services.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Gillon Property Group is a privately held, vertically integrated real estate investment, development, and operations firm that owns, develops, and operates a national portfolio of 81 properties across 10 U.S. states totaling over 14 million square feet. The company operates across three integrated functions: Investment (applying proprietary analytics to identify market dislocations), Development (owner's perspective ground-up development with rigorous budget management), and Operations (bespoke white-glove property management, leasing, and marketing for retail/mixed-use, hospitality, multifamily, and office assets).

Product overview

Gillon Property Group is a privately held, vertically integrated real estate investment, development, and operations firm offering three core services: Investment (applying proprietary analytics for market dislocations), Development (ground-up projects with owner mindset and rigorous budget management), and Operations (white glove management for tenant retention and best-in-class rents). The company manages a portfolio of 81 unique properties across 10 US states totaling over 14 million square feet, spanning mixed-use, retail, hospitality, multifamily, and office asset types. Key portfolio properties include Highland Park Village (trophy asset, first inward-facing open-air shopping center built 1931), Country Club Plaza in Kansas City ($1.5B redevelopment plan), Watters Creek Village in Allen TX (460k SF grocery-anchored mixed-use), Knox Street in Dallas (luxury hotel/office/retail), Phillips Place in Charlotte, Scottsdale Design District, The Shops at Clearfork, and Aspen retail properties. The company was formed in August 2025 as a consolidation vehicle for the Washburne and Hill-Hunt families.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Services As investor, GPG applies proprietary analytics and seeks market dislocations favoring its development and operational expertise to achieve long-term results. The firm deploys patient family capital with a 50-year time horizon across mixed-use, retail, hospitality, multifamily, and office assets.
• Development Services As developer, GPG takes an owner's perspective creating great places while solving for best end-user experience, managing rigorous ground-up development with industry-leading budget management. Includes the $1.5B Country Club Plaza redevelopment plan (750 apartments, 645,000+ SF office, 278 hotel rooms) and Knox Street mixed-use development (luxury hotel, 150,000 SF office, high-end retail).
• Operations and White-Glove Property Management Bespoke white-glove property management translating to enhanced customer experience, tenant retention, and proven best-in-class rents. Includes in-house leasing, property management, and marketing for owned portfolio properties and select third-party clients such as Lincoln Harris (Phillips Place), MSD Capital and co-owners (Knox Street), and Aspen retail properties.

Quantifiable outcome

• Highland Park Village has grown sales significantly under GPG's operations, making it a top luxury destination in North America. The Washburne family bought the property in 2009 for $171 million and has transformed it into a luxury shopping destination home to Cartier, CHANEL, Dior, Fendi, Goyard, Hermès, Rolex, Tom Ford, Valentino, and Van Cleef & Arpels.
• +3 more outcomes

Named customers26 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Town LanecoreStrategic or Co-development Partner · 1 April 2026Town Lane, a New York City-based real estate investment manager founded in 2024 with $1.25 billion of institutional investor capital, partnered with Gillon Property Group to acquire Watters Creek Village (460,000 SF grocery-anchored mixed-use property) in Allen, Texas. The joint venture plans to enhance the property through signage and wayfinding upgrades, tenant repositioning, and increased community events and marketing. Town Lane and GPG co-own the property under a joint venture structure.
• SHOP CompaniescoreChannel Partner/ Reseller/ Distributor · 1 April 2026SHOP Companies has been engaged by the Town Lane and Gillon Property Group joint venture to lead retail leasing efforts at Watters Creek Village. SHOP Companies specializes in retail real estate leasing and will work to elevate the merchandising mix and overall tenant experience at the property.
• Thirty-Four CommercialcoreChannel Partner/ Reseller/ Distributor · 1 April 2026Thirty-Four Commercial has been retained by the Town Lane and Gillon Property Group joint venture to continue leading leasing efforts for the boutique office component at Watters Creek Village. The firm handles office leasing for the approximately 100,000 square feet of boutique office space at the property.
• Trammell Crow CompanycoreStrategic or Co-development Partner · 31 July 2025Trammell Crow Company is the lead developer of the Knox Street mixed-use project near Dallas' Katy Trail. Gillon Property Group is one of the prominent real estate investors backing the four-acre development alongside MSD Capital (Michael Dell's family investment firm) and The Retail Connection. The project includes a luxury hotel (to be managed by Auberge Resorts Collection), 150,000 square feet of office space, luxury condos (45-50 homes averaging 3,500 SF), approximately 90,000 SF of retail/restaurant space, and a new park along the Katy Trail.
• The Retail ConnectioncoreStrategic or Co-development Partner · 31 July 2025The Retail Connection, one of the Dallas area's largest retail real estate firms, is a key joint venture partner in the Knox Street development alongside Trammell Crow Company and MSD Capital. The firm played a key role in attracting MSD Capital to the Knox Street district and handles retail leasing and curation for the development.
• Auberge Resorts CollectionminorStrategic or Co-development Partner · 31 July 2025Auberge Resorts Collection, a luxury hotel management company with approximately 20 hotels worldwide, will manage the planned 100-room boutique hotel at the Knox Street development. Auberge has recently made a push to expand its urban portfolio and specializes in resort destinations, bringing a unique luxury hospitality experience to the Knox district.
• Lincoln HarriscoreStrategic or Co-development Partner · 26 April 2022Lincoln Harris, a Charlotte-based developer, partnered with HP Village Management (now part of Gillon Property Group's management platform) to maintain Phillips Place's status as a luxury shopping destination in Charlotte's SouthPark neighborhood. HP Village Management is responsible for marketing and leasing of the 163,000 SF mixed-use property. Lincoln Harris CEO Johnny Harris maintains majority ownership while HP Village acquired a 45% stake through A.G. Hill Partners.

Scale indicators14 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• Brookfield Property Partners: Major vertically integrated global real estate operator with significant retail and mixed-use exposure. Comparable to GPG in vertically integrated platform structure but operates at institutional scale with broader asset class reach.
• Simon Property Group: Largest U.S. retail REIT with a broad portfolio of premium retail and mixed-use destinations. Overlaps with GPG in luxury and high-end retail operations but operates at vastly greater scale and as a public REIT.
• Unibail-Rodamco-Westfield: Global operator of flagship retail and mixed-use destinations. Overlaps with GPG in trophy luxury retail destinations and white-glove operating model, though operates as a public European REIT at much larger scale.

Direct peers

• Regency Centers: Public REIT specializing in grocery-anchored shopping centers in affluent suburban submarkets. Comparable to GPG's Watters Creek Village asset class focus on grocery-anchored mixed-use in similar demographics.
• Macerich: Major U.S. mall REIT with a portfolio of high-quality retail destinations including former co-ownership of Country Club Plaza. Comparable in scale and asset class focus, though public-REIT structure differs from GPG's family-office vehicle.
• Federal Realty Investment Trust: Public REIT focused on open-air mixed-use and street retail properties in high-barrier-to-entry markets. Closely comparable business model to GPG's vertically integrated retail/mixed-use platform with similar tenant mix and submarket focus.
• Taubman Centers (post-2020 take-private): Reference to the post-take-private structure of Taubman under Simon ownership provides a useful comparison for GPG's family-office ownership model of trophy retail assets.
• Pine Tree Commercial Realty: Privately held retail real estate owner/operator focused on grocery-anchored and mixed-use shopping centers. Comparable to GPG in privately-held structure and retail operating model, though focused on grocery-anchored rather than luxury assets.
• The Taubman Company: Closest direct peer: a vertically integrated luxury and premium retail real estate operator with a portfolio of trophy shopping centers. Taubman previously owned Country Club Plaza (sold to GPG's predecessor) and operates on a similar white-glove operating philosophy targeting luxury and high-end retail tenants.

Emerging players

• Rouse Properties: Smaller publicly-traded retail REIT focused on enclosed malls and open-air centers. Provides a useful scale-and-structure comparison point for GPG's mixed-use retail platform.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/gillon-property-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gillon Property Group