Woolbright Development

What Woolbright Development does

Woolbright Development, Inc. is a Boca Raton, Florida-based commercial real estate investment and management firm founded in 1985 by Duane Stiller. The company acquires underperforming neighborhood and community shopping centers across Florida, executes value-add renovations and aggressive lease-up strategies, and either holds stabilized assets for recurring rental income or disposes at appreciated values. Its portfolio encompasses more than 30 projects totaling over 5 million square feet, ranking it among the top 10 private owners of retail commercial properties in Florida.

The firm operates a proprietary technology stack that includes a research database covering every shopping center over 45,000 square feet in Florida's six major metropolitan areas — capturing vacancy, ownership, tenant, and sales history data — alongside acquisition-target identification, leasing management, and construction tracking applications. Go-to-market is sales-led and relationship-driven, relying on institutional co-investment partnerships with recognized commercial real estate advisory firms, direct engagement with national retail tenants, and off-market deal sourcing. Revenue is derived from rental income on leased shopping centers, supplemented by capital gains realized upon asset disposition, with 51-100 employees supporting operations across offices in Boca Raton, Orlando, Tampa, Miami, Naples, and Fort Lauderdale.

Name

Woolbright Development

Legal name

Woolbright Development, Inc.

Website

https://woolbright.net

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

51–100 employees

Short description

Woolbright Development is a Florida-focused commercial real estate investment firm that acquires, renovates, and manages neighborhood and community shopping centers, operating 30+ properties totaling 5M+ square feet for institutional investors and national retail tenants.

Ownership category

akta.pro rank

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Retail Real Estate Investment and Management: Woolbright generates revenue through acquisition, renovation, leasing, and asset management of retail commercial properties. The company purchases underperforming retail centers, implements value-add strategies including renovations and tenant mix optimization, then either holds for ongoing income or sells at appreciated values. Revenue is derived from rental income from tenants and property appreciation realized upon disposition.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Woolbright Development acquires underperforming neighborhood and community shopping centers in Florida, executes renovation and repositioning programs, leases space to national and local retailers through an in-house team, and either holds stabilized assets for rental income or sells them at appreciated values to investors and institutional partners. The firm also provides ongoing asset management, leasing, and construction management services for its owned portfolio of more than 30 properties totaling over 5 million square feet.

Product overview

Woolbright Development is a commercial real estate development company specializing in retail properties. Rather than offering a software product platform, the company provides real estate investment, acquisition, development, and management services for shopping centers and retail properties in Florida. Their business model centers on identifying underperforming retail properties, implementing improvements, and maximizing returns for investors through property renovations, tenant management, and strategic leasing.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Shopping Center Acquisition

Quantifiable outcome

• Raised value of last 35 investments within average of 18 months
• +2 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Advisory FirmscoreStrategic or Co-development PartnerWoolbright Development has established an institutional platform that enables partnerships with recognized advisory firms. The company's track record and professional platform have allowed them to venture with some of the most recognized advisory firms in commercial real estate for co-investment opportunities and collaborative property transactions.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Regency Centers Corporation: Public grocery-anchored shopping center REIT with significant Florida exposure — the closest publicly traded comparable to Woolbright's investment thesis, tenant profile, and value-add strategy on Florida retail assets.
• Phillips Edison & Company: Public shopping center REIT that buys and manages neighborhood/community centers anchored by grocery and necessity-based tenants — overlapping strategy of acquiring stabilized centers and driving NOI growth through leasing and redevelopment.
• Brixmor Property Group: One of the largest publicly traded owners and operators of open-air shopping centers in the US — directly competes with Woolbright for grocery-anchored community center acquisitions and offers a public-market valuation benchmark.
• Kimco Realty: Largest publicly traded shopping center REIT in North America — directly comparable business model (acquire, lease-up, manage grocery-anchored centers) but at vastly greater scale and with public-markets access.
• Federal Realty Investment Trust: High-quality shopping center REIT with a focus on open-air retail centers in affluent markets — comparable tenant mix and value-add redevelopment strategy to Woolbright but with coastal/premium market focus rather than Florida concentration.
• Kite Realty Group: Public shopping center REIT focused on open-air, grocery-anchored centers in select Sun Belt and high-growth markets — directly comparable asset class, tenant profile, and growth market exposure to Woolbright.
• Continental Realty Corporation: Private retail-focused real estate investment and management firm acquiring and operating grocery-anchored and community shopping centers — same business model (acquire/renovate/lease-up/manage) as Woolbright at a slightly larger private scale.
• Phillips Realty (Florida-based retail CRE): Florida-based retail-focused commercial real estate firm specializing in shopping center leasing, investment sales, and tenant representation — competes with Woolbright for the same Florida retail assets and tenant relationships.
• Equity Inc. (dba Equity Investment Associates): Privately held real estate investment firm focused on retail shopping center acquisitions in the Southeast US — directly comparable value-add retail CRE strategy and geographic footprint to Woolbright.
• InvenTrust Properties Corp. Public retail REIT focused on open-air shopping centers anchored by grocery, dining, and necessity-based retailers — comparable asset class, tenant mix, and redevelopment-driven value-add strategy to Woolbright's Florida portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/woolbrightdev
• Facebookfacebook.com/woolbright.development
• LinkedInlinkedin.com/company/woolbright-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Woolbright Development