PEBB Enterprises
PEBB Enterprises is a family-owned private equity real estate firm (founded 1973, Boca Raton, FL) that acquires, develops, leases, and sells open-air retail, suburban office, and mixed-use properties—mostly in high-growth Florida markets—through joint ventures with institutional capital partners.
- Company typePrivate
- Founded1973
- HeadquartersBoca Raton, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What PEBB Enterprises does
PEBB Enterprises is a family-owned private equity real estate investment and development firm founded in 1973 and headquartered in Boca Raton, Florida, operating with an estimated 11–50 employees. The company acquires, develops, leases, and disposes of commercial real estate—principally open-air retail centers, suburban Class-A office buildings, and, more recently, industrial and mixed-use assets—concentrated in high-growth Florida submarkets (South Florida and the Treasure Coast) with a legacy footprint that extended into Tennessee, Kansas, North Carolina, Ohio, Texas, Nevada, and New York before selective out-of-state exits. It serves three constituencies: national and regional retail/office tenants (Lowe's, Publix, Aldi, Sprouts, ODP Corp., LexisNexis, Cross Country Healthcare, MN8 Energy), institutional and private capital co-investors, and residential communities requiring retail and dining infrastructure.
The business model is transaction- and asset-driven rather than product-driven: revenue is generated through rental income from tenants, gains on property dispositions, refinancing proceeds, and its share of joint-venture economics, with capital recycled from sales and refinancings into new acquisitions and developments. PEBB operates predominantly through repeat joint ventures with partners including BH Group, Banyan Development, Contrarian Capital Management, Falcone Group, Related Group, Tortoise Properties, and Sagamore Hill, and finances deals through banking relationships with City National Bank, BankUnited, ABANCA, and Deutsche Bank. Go-to-market is enterprise field-sales in nature—direct leasing through in-house officers (VPs of Leasing) supplemented by national brokerage relationships (CBRE, Cushman & Wakefield, JLL, SRS, Atlantic Retail).
The company owns no proprietary technology; its "products" are named real estate assets and developments such as The Eclipse (the former Office Depot HQ redevelopment), Research Park at FAU, Beachwalk, Restaurant Row, and multiple Shoppes-branded retail centers. Pricing is not publicly disclosed and is negotiated per transaction based on asset class, market conditions, and tenant requirements. Recent leadership additions of an experienced COO (Greg Moross, ex-Sterling Organization) and CIO (Eric Hochman) signal an institutionalizing operating platform.
PEBB Enterprises firmographics
Firmographics- Name
- PEBB Enterprises
- Legal name
- PEBB Enterprises
- Website
- https://pebbenterprises.com
- Company type
- Private
- Founded year
- 1973
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PEBB Enterprises is a family-owned private equity real estate firm (founded 1973, Boca Raton, FL) that acquires, develops, leases, and sells open-air retail, suburban office, and mixed-use properties—mostly in high-growth Florida markets—through joint ventures with institutional capital partners.
- Ownership category
- akta.pro rank
PEBB Enterprises industry classification
Industry- Product category
- Commercial Real Estate Investment and Development
- NAICS
- Real Estate and Rental and Leasing (53)
- SIC
- Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK)
Keywords
Where PEBB Enterprises is headquartered
LocationHeadquarters
- HQ city
- Boca Raton
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
PEBB Enterprises business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Commercial Real Estate Investment and Development: PEBB Enterprises generates revenue through acquiring, developing, leasing, and disposing of commercial real estate assets including open-air retail centers and suburban office buildings. Revenue is realized through property sales (dispositions), rental income from tenants, and refinancing transactions. The company operates a mix of wholly-owned and joint venture assets, with proceeds from sales and refinancings reinvested into new acquisitions and developments in target markets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | No public pricing available; transactions are negotiated individually based on asset-specific factors. |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
PEBB Enterprises product offering
Product offeringCore offering
PEBB Enterprises acquires, develops, leases, and disposes of commercial real estate assets — primarily open-air retail shopping centers and suburban office buildings — in high-growth Florida markets and select U.S. states. The company invests both directly and through joint ventures with institutional and private capital partners (e.g., BH Group, Banyan Development, Falcone Group, Contrarian Capital Management, Related Group, Sagamore Hill Partners). Revenue is realized through tenant lease income, property sales/dispositions, and refinancing proceeds that are recycled into new acquisitions and developments.
Product overview
PEBB Enterprises is a private equity family-owned real estate investment and development company operating since 1973. The company specializes in acquiring, developing, and managing commercial open-air retail and suburban office properties. Their portfolio consists of named development projects and properties across Florida and select other states, including mixed-use developments, retail shopping centers, office buildings, and industrial facilities. The company operates through joint ventures with partners such as Banyan Development, BH Group, Falcone Group, and Contrarian Capital Management. Key product lines include retail plaza developments (Shoppes at Southern Grove, Mainstreet at Boynton Beach, Restaurant Row), mixed-use projects (The Eclipse, Beachwalk), and office portfolios (Research Park at FAU, Jupiter Innovation Center).
Differentiator
Problem solved
Functional benefit
Products and services
- Shoppes at Southern Grove
Quantifiable outcome
- Successfully developed and fully leased Mainstreet at Boynton Beach, a 70,000-square-foot retail plaza anchored by Sprouts
- +5 more outcomes
Companies that use PEBB Enterprises
Customer profileNamed customers17 records
Segments3 records
Ideal customer profiles3 records
PEBB Enterprises technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
PEBB Enterprises partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, secondary and minor.
- Banyan DevelopmentcorePEBB Enterprises and Banyan Development are frequent joint venture partners on Florida retail and mixed-use developments. Key projects include Shoppes @ the Heart of Tradition (Port St. Lucie), Shoppes at Southern Grove (Port St. Lucie), Mainstreet at Boynton Beach, Boca Lake in Boca Raton, and the Research Park at Florida Atlantic University. Banyan principals include Jason Sher and Ross Feurring. The partnership closed on the $7.46 million acquisition of Shoppes at Southern Grove in November 2024.
- BH GroupcorePEBB Enterprises and Miami-based BH Group are the joint venture partners behind the transformative $104 million acquisition and mixed-use redevelopment of the former Office Depot headquarters at 6600 N. Military Trail in Boca Raton (now called The Eclipse). BH Group's Isaac Toledano and the PEBB team collaborate on major South Florida investments including office leasing campaigns and the addition of Related Group for the residential component. The partnership secured $89.88 million in financing from City National Bank for The Eclipse.
- Topvalco Inc.secondaryPEBB Enterprises entered a joint venture with Cincinnati-based Topvalco Inc. to acquire and reposition Delray Landing (formerly Delray Commons) in Delray Beach. The partnership completed a $3.89 million outparcel sale of Taco Bell and Burger King locations in October 2024.
- Falcone GroupcorePEBB Enterprises and Falcone Group (led by Art Falcone) partnered to develop the Beachwalk mixed-use project near Jacksonville. The venture developed and sold Shoppes at Beachwalk to Publix, and is developing a 170,000-square-foot mixed-use project with retail, restaurants, and a 130-key Margaritaville hotel fronting a Crystal Lagoon. The partnership closed several outparcel sales totaling $14.8 million at Beachwalk.
- Sagamore Hill PartnerssecondaryPEBB Enterprises and Sagamore Hill Partners acquired Soundview Marketplace, a 188,109-square-foot shopping center in Long Island's Port Washington, in December 2020. The partnership generated significant leasing activity including deals with Five Below, F45, Starbucks, and others, and completed an $18.75 million refinancing with Deutsche Bank AG.
- Related GroupcorePEBB Enterprises, BH Group, and Related Group partnered on the Fort Lauderdale waterfront redevelopment project at The Quay at 17th Street. The partnership acquired the waterfront mixed-use shopping center with fully entitled development rights for $48.5 million and is transforming it into a 33-story mixed-use development with residential units, commercial space, and a waterfront public plaza under the Live Local Act.
- Tortoise PropertiessecondaryPEBB Enterprises and Tortoise Properties partnered on the Jupiter Innovation Center at 1701 Military Trail in Jupiter, FL. The joint venture executed a 40,000-square-foot lease with National Dentex Labs (NDX), bringing the property to 98% occupancy. PEBB also co-owns the ADT Building at Park at Broken Sound with Tortoise Properties.
- Putnam Daily / Preserve West CapitalminorPutnam Daily of Preserve West Capital represented PEBB Enterprises in the $12.87 million sale of the Tesla Service Plus location in West Palm Beach.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
PEBB Enterprises competitors and assessment
Company assessmentDirect peers
- The Related Group: One of the largest US developers of residential and mixed-use real estate, headquartered in Miami. Partnering with PEBB and BH Group on The Eclipse and The Quay at 17th Street in Fort Lauderdale, providing residential execution.
- BH Group: Miami-based private equity real estate firm that is PEBB Enterprises' most active JV partner. Co-acquired the $104M Office Depot campus and is partnering on The Eclipse redevelopment and the Fort Lauderdale Quay project.
- Falcone Group: Florida-based real estate developer led by Art Falcone, co-developing Beachwalk mixed-use project in Jacksonville with PEBB. Operates in the same FL retail and mixed-use segment with comparable deal scale.
- Banyan Development: Frequent PEBB JV partner on Florida retail and mixed-use projects including Shoppes at Southern Grove, Shoppes @ the Heart of Tradition, Mainstreet at Boynton, and Research Park at FAU. Direct overlap on FL retail development pipeline.
- The Sterling Organization: Florida-focused retail real estate investment firm where COO Greg Moross previously co-led the platform to ~75 properties / 12M+ sqft / $2B+. Operates in the same Florida submarkets with a very similar value-add shopping center strategy and JV-driven model.
Broad incumbents
- Brixmor Property Group: Large publicly traded open-air shopping center REIT with ~370 centers totaling ~65M sqft. Direct asset class overlap with PEBB's retail portfolio and similar value-add repositioning strategy.
- Federal Realty Investment Trust: Premier retail REIT focused on high-quality open-air mixed-use shopping and office properties in major US markets. Has historically been active in South Florida and competes for similar grocery-anchored and mixed-use investment opportunities.
- Regency Centers Corporation: Large US shopping center REIT focused on grocery-anchored open-air retail centers in affluent suburban trade areas. Highly comparable asset class to PEBB's neighborhood and community retail centers.
- Kimco Realty: Largest publicly traded shopping center REIT in North America with ~570M sqft of retail. Operates in the same open-air grocery-anchored retail center category that anchors PEBB's value-add retail strategy.
- Phillips Edison & Company: Public shopping center REIT (PECO) with a portfolio of ~300 grocery-anchored centers. Operates in the same open-air retail center asset class with similar grocery-anchored tenant mix (Aldi, Sprouts, Publix) as PEBB's neighborhood retail portfolio.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
PEBB Enterprises social profiles
Digital presencePEBB Enterprises financial estimates
Financial estimateRevenue estimate
Valuation estimate
PEBB Enterprises leadership team
Management profileNumber of profiles
Profiles8 records
PEBB Enterprises subsidiaries and ownership
Company hierarchySubsidiaries1 record
PEBB Enterprises funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PEBB Enterprises M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PEBB Enterprises
What does PEBB Enterprises do?
PEBB Enterprises acquires, develops, leases, and disposes of commercial real estate assets — primarily open-air retail shopping centers and suburban office buildings — in high-growth Florida markets and select U.S. states. The company invests both directly and through joint ventures with institutional and private capital partners (e.g., BH Group, Banyan Development, Falcone Group, Contrarian Capital Management, Related Group, Sagamore Hill Partners). Revenue is realized through tenant lease income, property sales/dispositions, and refinancing proceeds that are recycled into new acquisitions and developments.
Is PEBB Enterprises a public or private company?
PEBB Enterprises is a private company. It is classified as family owned and is currently operating.
When was PEBB Enterprises founded?
PEBB Enterprises was founded in 1973. It employs 11 to 50 people.
Where is PEBB Enterprises based?
PEBB Enterprises is headquartered in Boca Raton, United States, in the North America region.
How does PEBB Enterprises make money?
One revenue line is on record: commercial Real Estate Investment and Development.
Who are PEBB Enterprises's main competitors?
Direct peers on record are The Related Group, BH Group, Falcone Group, Banyan Development and The Sterling Organization. Broad incumbents are Brixmor Property Group, Federal Realty Investment Trust, Regency Centers Corporation, Kimco Realty and Phillips Edison & Company.
Does PEBB Enterprises have an API?
No public API is recorded for PEBB Enterprises.
What industry is PEBB Enterprises in?
PEBB Enterprises's product category is Commercial Real Estate Investment and Development. Its primary akta.pro industry code is BPAJAMAK, Real Estate Investment Management (Acquisitions & Dispositions). Its NAICS code is 53 and its SIC code is 6532.