Hyde Development
Hyde Development is a family-owned commercial real estate developer specializing in Class-A industrial development and brownfield redevelopment on urban infill sites across the Midwest and Mountain States, serving enterprise logistics, retail, manufacturing, and green energy tenants with a 7.1M+ sq ft portfolio.
- Company typePrivate
- Founded2012
- HeadquartersMinneapolis, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Hyde Development does
Hyde Development is a family-owned commercial real estate developer and investor founded in 2012 (originating from Real Estate Recycling, co-founded in 1995) and headquartered in Minneapolis, Minnesota with a regional office in Denver, Colorado. The company specializes in Class-A industrial development and acquisition, with a focus on urban infill sites and brownfield redevelopment that transforms environmentally contaminated properties into productive industrial spaces. Hyde Development serves enterprise tenants across logistics, retail, manufacturing, utilities, and green energy sectors, with notable customers including Dollar General, Walmart, Whole Foods, BroadRange Logistics, Marvin Windows, and Xcel Energy.
The company's portfolio spans over 7.1 million square feet of completed industrial development across Minnesota, Colorado, and North Dakota, anchored by large-scale logistics parks such as HighPoint Elevated in Aurora, CO (5.5 million sq ft when fully built), 76 Commerce Center in Brighton, CO (1.685 million sq ft), and Northern Stacks in Minneapolis (1.7 million sq ft). Hyde Development's proprietary differentiator is its placemaking approach to industrial parks, integrating community amenities such as walking trails, food truck courts, and craft breweries into industrial developments, combined with specialized brownfield remediation expertise rooted in co-founder Mac Hyde's 50 years of environmental law experience.
Hyde Development generates revenue through three primary streams: one-time industrial property development (build-to-suit and speculative), recurring property leasing on multi-year contracts, and ongoing property management services. The company distributes its properties through a strategic channel partnership with CBRE as exclusive broker for major lease transactions, direct tenant relationships, and a joint venture with Mortenson Properties for Colorado market development. The firm ranked as the top Denver-area commercial real estate developer in 2023 and has received multiple NAIOP Awards of Excellence and ReScape environmental sustainability awards since 2013.
Hyde Development firmographics
Firmographics- Name
- Hyde Development
- Legal name
- Hyde Development
- Website
- https://hyde-development.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Hyde Development is a family-owned commercial real estate developer specializing in Class-A industrial development and brownfield redevelopment on urban infill sites across the Midwest and Mountain States, serving enterprise logistics, retail, manufacturing, and green energy tenants with a 7.1M+ sq ft portfolio.
- Ownership category
- akta.pro rank
Hyde Development industry classification
Industry- Product category
- Industrial Real Estate Development
- NAICS
- Land Subdivision (237210), Land Subdivision (23721)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Brownfield Redevelopment & Land Reclamation (Cleanup for Reuse, Risk-Based Closure) (EUAIALAI)
- akta.pro secondary industries
- Urban Renewal, Brownfield Redevelopment & Land Reuse (BPAIANAI), Brownfield Redevelopment Support (Site Characterization & Reuse Planning) (EUAHAFAJ), Site Remediation & Contaminated Soil Handling (IMAFAKAG)
Keywords
Where Hyde Development is headquartered
LocationHeadquarters
- HQ city
- Minneapolis
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Hyde Development business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Marketing or Sales
Revenue model
- Industrial Property Development: Develops Class-A industrial properties on urban infill sites throughout the Midwest and Mountain States, including build-to-suit and speculative development
- Property Leasing: Leases industrial warehouse and distribution space to tenants including logistics companies, retailers, and green energy sector companies
- Property Management: Provides ongoing property management services for owned and operated industrial properties, maintaining relationships with tenants long-term
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Class-A industrial warehouse and distribution space |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Hyde Development product offering
Product offeringCore offering
Hyde Development is a family-owned commercial real estate firm that develops, acquires, leases, and manages Class-A industrial properties on urban infill and brownfield sites across the Midwest and Mountain States. The company's offerings include build-to-suit and speculative industrial development, long-term property leasing to enterprise tenants, and ongoing property management across a portfolio exceeding 7.1 million square feet.
Product overview
Hyde Development operates as a family-owned commercial real estate developer and investor offering a diversified portfolio of industrial properties across the Midwest and Mountain States. The company specializes in Class-A industrial development and acquisition, having completed over 7.1 million square feet of industrial development since its founding. The portfolio includes large-scale logistics parks (HighPoint 5.5M sq ft, 76 Commerce Center 1.7M sq ft, Northern Stacks 1.7M sq ft), distribution centers (Dakota Commerce Center 633K sq ft), Class-A industrial portfolios (Peoria Business Center), mixed-use properties, and build-to-suit development services. The company focuses on urban infill sites, brownfield redevelopment, and sustainable development with community amenities.
Differentiator
Problem solved
Functional benefit
Products and services
- Dakota Commerce Center A four-building industrial complex in Fargo, ND providing approximately 633,200 square feet of warehouse space designed for bulk distribution of goods. Total project cost projected at $72 million. Tenants include Marvin Windows.
- HighPoint Elevated Industrial Park A 5.5 million-square-foot elevated industrial and logistics park in Aurora, CO near Denver International Airport, located within federal opportunity zone, Adams County Enterprise Zone, and Limon Foreign Trade Zone. Tenants include Dollar General, PrimeSource Building Products, Whole Foods Market, Xcel Energy, and Hawthorne Hydroponics.
- 76 Commerce Center A 1.685 million square foot regional distribution center in Brighton, CO along the Interstate 76 corridor. The 155-acre logistics park features amenities including walking trails, food truck court, and activity areas. Tenants include BroadRange Logistics (1.127M sq ft) and Walmart.
- Northern Stacks A 1.7 million square foot (1,719,662 sq ft) industrial location in Fridley/Minneapolis, MN with 14 tenants, blending sustainability with urban aesthetics featuring trails, food truck sites, and a brewery. Receives NAIOP Award of Excellence recognition.
- Peoria Business Center A three-building Class A industrial portfolio totaling 592,573 square feet in Denver's Airport submarket, featuring buildings with 24-30 ft. clear heights and ESFR sprinklers. Acquired from Invesco for $73.5 million in partnership with Mortenson Properties.
- The Waters An industrial park in Eagan, MN acquired by Hyde Development, featuring 325,947 square feet of industrial space.
- Butler Business Park An industrial property in Fargo, ND with approximately 190,000 square feet of space.
- Lumber & Mill Park A mixed-use industrial property in Minneapolis, MN totaling 140,063 square feet.
- North Loop An industrial/commercial property in Minneapolis, MN with 30,920 square feet.
- Nordøst Exchange An industrial/commercial property in Minneapolis, MN totaling 28,988 square feet.
- The Boiler Room A property within the Northern Stacks development in Minneapolis, MN, featuring community-oriented spaces including a brewery and event venue.
- Industrial Property Leasing Ongoing leasing of Class-A industrial warehouse and distribution space to enterprise tenants including logistics companies, retailers, and green energy sector companies on multi-year contract terms.
- Industrial Property Management Ongoing full-service property management for owned and operated industrial properties, maintaining long-term relationships with tenants.
Quantifiable outcome
- Over 7.1 million square feet of industrial development and acquisition completed since founding
- +2 more outcomes
Companies that use Hyde Development
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles5 records
Hyde Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Hyde Development partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Mortenson PropertiescoreJoint venture partnership for industrial development projects in Colorado. Together they developed HighPoint Elevated (5.5M SF industrial park near DIA), 76 Commerce Center in Brighton, and acquired Peoria Business Center for $73.5 million. Hyde and Mortenson are recognized leaders in metro Denver's industrial market and ranked as top Denver-area commercial real estate developer in 2023.
- CBREcoreCBRE represents Hyde Development as exclusive broker for major lease transactions including the 1.127 million SF lease with BroadRange Logistics at 76 Commerce Center (largest speculative industrial lease in Colorado), Whole Foods Market distribution center, and other significant tenant transactions.
- Strategic Real Estate PartnersminorAtlanta-based real estate firm that represented Broadrange Logistics as tenant representative in the 1.127 million SF lease at 76 Commerce Center.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Hyde Development competitors and assessment
Company assessmentDirect peers
- Panattoni Development Company: Panattoni is the largest privately-held industrial real estate developer in the US, building Class-A distribution and logistics facilities across the country. Directly comparable to Hyde Development in business model (build-to-suit and speculative industrial development) and target tenant base.
- Dermody Properties: Dermody Properties is a national industrial real estate developer focused on build-to-suit and speculative logistics facilities for Fortune 500 tenants. Comparable to Hyde Development in serving enterprise logistics tenants (Walmart, Whole Foods-tier) with large-scale Class-A industrial projects.
- Hillwood: Hillwood is a Perot-family industrial and commercial real estate developer with major logistics operations in the Mountain States and nationwide. Comparable to Hyde Development as a privately-held industrial developer with a long-term family ownership horizon and focus on large logistics parks.
- Becknell Industrial: Becknell Industrial is a privately-held national industrial real estate developer and investor focused on Class-A distribution and manufacturing facilities. Direct peer to Hyde Development in industrial build-to-suit and speculative development serving enterprise tenants.
- IDI Logistics: IDI Logistics is a privately-held industrial real estate developer focused on Class-A logistics facilities across the US. Direct peer to Hyde Development in speculative and build-to-suit industrial development targeting enterprise logistics and retail tenants.
- CenterPoint Properties: CenterPoint Properties specializes in industrial real estate development with a focus on infill, brownfield, and port-adjacent sites. Highly comparable to Hyde Development in brownfield redevelopment expertise and infill logistics development for enterprise tenants.
Broad incumbents
- Trammell Crow Company: Trammell Crow is one of the largest and most established commercial real estate developers in the US, with significant industrial development operations. Broad incumbent peer to Hyde Development that competes for similar tenants and sites but across a much wider portfolio of asset classes.
- First Industrial Realty Trust: First Industrial is a publicly-traded REIT focused on Class-A industrial properties across the US. Broad incumbent peer to Hyde Development in ownership and operation of Class-A industrial real estate, though REIT structure differs from developer model.
Others
- Mortenson Properties: Mortenson Properties is Hyde Development's JV partner in Colorado and a peer in industrial real estate development across the Mountain States. Included here because the partnership creates both collaboration and competitive dynamics in the Denver industrial market.
- McCarthy Building Companies: McCarthy is a major US commercial construction contractor with significant industrial project experience including brownfield sites. Adjacent peer to Hyde Development as a construction partner/adversary in industrial development, though not a direct developer competitor.
Market position
Strengths1 record
Weaknesses5 records
Competitive moat4 records
Key highlights7 records
Customer concentration
Hyde Development social profiles
Digital presenceHyde Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hyde Development leadership team
Management profileNumber of profiles
Profiles10 records
Hyde Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hyde Development 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 Hyde Development
What does Hyde Development do?
Hyde Development is a family-owned commercial real estate firm that develops, acquires, leases, and manages Class-A industrial properties on urban infill and brownfield sites across the Midwest and Mountain States. The company's offerings include build-to-suit and speculative industrial development, long-term property leasing to enterprise tenants, and ongoing property management across a portfolio exceeding 7.1 million square feet.
Is Hyde Development a public or private company?
Hyde Development is a private company. It is classified as family owned and is currently operating.
When was Hyde Development founded?
Hyde Development was founded in 2012. It employs 1 to 10 people.
Where is Hyde Development based?
Hyde Development is headquartered in Minneapolis, United States, in the North America region.
How does Hyde Development make money?
Three revenue lines are on record. Industrial Property Development is the primary driver. The others are property Leasing and property Management.
Who are Hyde Development's main competitors?
Direct peers on record are Panattoni Development Company, Dermody Properties, Hillwood, Becknell Industrial, IDI Logistics and CenterPoint Properties. Broad incumbents are Trammell Crow Company and First Industrial Realty Trust. Others are Mortenson Properties and McCarthy Building Companies.
Does Hyde Development have an API?
No public API is recorded for Hyde Development.
What industry is Hyde Development in?
Hyde Development's product category is Industrial Real Estate Development. Its primary akta.pro industry code is EUAIALAI, Brownfield Redevelopment & Land Reclamation (Cleanup for Reuse, Risk-Based Closure), with a secondary code of BPAIANAI, Urban Renewal, Brownfield Redevelopment & Land Reuse. Its NAICS code is 237210 and its SIC code is 6552.