Weitzman

What Weitzman does

Weitzman is a Texas-based, privately held commercial retail real estate services firm founded in 1989 by Herbert D. Weitzman and headquartered in Dallas. Operating across the four major Texas metros of Austin, Dallas-Fort Worth, Houston, and San Antonio with approximately 250 professionals, the firm offers an integrated platform of project leasing, tenant representation, investment sales, property management, and ground-up development services. Its portfolio scale spans 44 million square feet leased, 22 million square feet managed across more than 2,000 tenants, and 29 million square feet developed historically, placing it among the top 30 U.S. retail property managers nationally.

Revenue is generated through four primary streams: brokerage commissions on leasing and investment sales transactions (transaction fees), recurring property and asset management fees (managed services), and development services covering site selection, tenant finish-out, renovations, and build-to-suits (professional services). The firm also generates capital deployment returns through limited partnerships it manages, such as the entities that acquired Arapaho Village in Richardson and Cooper Street Annex in Arlington. Adjacent service lines in office brokerage and healthcare development, alongside a proprietary Tech & Mortar digital marketing program, extend the platform beyond traditional retail brokerage.

Weitzman's go-to-market is relationship-driven and regionally concentrated, with dedicated brokerage teams in each metro targeting retail landlords, national and regional retailers seeking Texas expansion, and institutional investors in retail properties. Long-tenured anchor relationships with Kroger, H-E-B, Target, Walmart, IKEA, DICK'S Sporting Goods, and Lowe's anchor flagship developments such as Manvel Town Center (Houston), Live Oak Town Center (San Antonio), Bonds Ranch Marketplace (Fort Worth), and Custer Frontier Marketplace (McKinney). Leadership transitioned in 2014 when Marshall Mills was named President and CEO with Herb Weitzman assuming the Executive Chairman role, and the company rebranded from The Weitzman Group and Cencor Realty Services to a unified Weitzman brand in 2016.

Name

Weitzman

Legal name

Weitzman

Website

https://weitzmangroup.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

251–500 employees

Short description

Weitzman is a Texas-based, privately held commercial retail real estate services firm offering project leasing, tenant representation, investment sales, property management, and development across Austin, Dallas-Fort Worth, Houston, and San Antonio, serving retail landlords, national retailers, and real estate investors with an integrated full-service platform.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (5312), Rental and Leasing Services (532)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industry

Retail Property Management (BPAJAGAB)

Keywords

• Commercial real estate brokerage
• Retail property leasing
• Tenant representation services
• Investment property sales
• Retail property management

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Project Leasing and Brokerage Commissions: Revenue from leasing retail space on behalf of property owners. Commissions are earned on completed lease transactions for retail centers from neighborhood strips to power centers and malls.
2. Property Management Fees: Ongoing fees for managing retail properties on behalf of owners, acting as the owner's representative in handling all aspects of property and asset management.
3. Investment Sales Commissions: Brokerage commissions from buying and selling Texas investment properties, including retail centers, single-tenant net leased properties, office, industrial, multi-family, and land transactions.
4. Development Services: Fees from development services ranging from tenant space planning and finish-out to renovations and ground-up retail build-to-suits, including site selection, zoning negotiations, and center design.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Weitzman is a Texas-based commercial retail real estate firm providing project leasing, tenant representation, investment sales, property management, and development services for retail property owners, tenants, investors, and developers. The firm manages 22 million square feet, leases 44 million square feet, and has developed more than 29 million square feet of retail space across Austin, Dallas-Fort Worth, Houston, and San Antonio.

Product overview

Weitzman is a Texas-based commercial retail real estate firm operating as a full-service platform offering six integrated service lines: Project Leasing (tenant mix creation), Tenant Representation (retailer site selection), Investment Sales (property transactions), Property Management (22 million SF managed), Development (29+ million SF developed), and Healthcare Development Services. The company expanded its capabilities with Office Services and a proprietary Tech & Mortar digital marketing program. The platform is anchored by deep Texas market expertise across Austin, Dallas-Fort Worth, Houston, and San Antonio, with a portfolio spanning 44 million square feet of leased space and relationships with major anchor tenants including Kroger, H-E-B, Target, and Walmart.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Leasing
• Tenant Representation
• Investment Sales
• Property Management
• Development
• Office Services
• Healthcare Development Services
• Revitalization and Redevelopment
• Tech & Mortar

Quantifiable outcome

• D-FW retail occupancy exceeds 95% for the first time since Weitzman started surveying in 1990
• +3 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and major.

• KrogercoreStrategic or Co-development Partner · 9 November 2023Kroger is a key anchor tenant and development partner with Weitzman on multiple retail projects including Bonds Ranch Marketplace in Fort Worth and Custer Frontier Marketplace in McKinney. Weitzman serves as developer and leasing agent for Kroger-anchored retail destinations.
• Lowe'smajorChannel Partner/ Reseller/ Distributor · 30 October 2023Lowe's joined Manvel Town Center as a major retail anchor, expanding the 273-acre retail and restaurant district project developed with Weitzman.
• DICK'S House of SportmajorChannel Partner/ Reseller/ Distributor · 24 October 2023DICK'S House of Sport opened its only San Antonio-area location as an experiential anchor at Live Oak Town Center, a nearly 1 million square foot retail project.
• H-E-BcoreStrategic or Co-development Partner · 22 June 2021H-E-B partnered with Weitzman on Manvel Town Center, where H-E-B opened a 106,000 square foot store as the first anchor. Manvel Town Center will be one of the largest open-area retail projects in Houston's metro area upon completion.
• Cooper Street Annex, Ltd.coreOthersCooper Street Annex, Ltd., a limited partnership managed by Weitzman, acquired the 87,857-square-foot Cooper Street Annex retail center in Arlington, demonstrating Weitzman's investment platform.
• Arapaho Village, LPcoreOthersArapaho Village, LP, a limited partnership managed by Weitzman, acquired Arapaho Village, a 101,277-square-foot Tom Thumb-anchored community retail center in Richardson.
• IKEAmajorChannel Partner/ Reseller/ DistributorIKEA joined Weitzman's planned Live Oak Town Center project in San Antonio, which upon completion totals nearly 1 million square feet.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Newmark Group: Newmark provides commercial real estate investment sales, leasing, and property management services across retail and other asset classes. Newmark competes with Weitzman on retail investment sales assignments and large tenant representation mandates.
• Phillips Edison & Company: Phillips Edison is a retail-focused REIT and one of the largest owners of grocery-anchored shopping centers in the U.S. As an institutional retail property owner that Weitzman manages and leases for, Phillips Edison is both a customer and adjacent competitor for third-party management mandates.
• Brixmor Property Group: Brixmor is a publicly traded retail REIT that owns and operates open-air shopping centers across the U.S. Brixmor is both a potential Weitzman property management client and competes indirectly in the retail services ecosystem across Texas submarkets.
• CBRE Group: CBRE is the world's largest commercial real estate services firm offering investment sales, leasing, property management, and development across all asset classes including retail. CBRE competes with Weitzman on large investment sales mandates and institutional retail owner relationships in Texas.
• JLL: JLL (Jones Lang LaSalle) is a global CRE services firm with retail capital markets, leasing, and property management practices. JLL competes with Weitzman on institutional retail investment sales and large tenant representation engagements across Texas.
• Cushman & Wakefield: Cushman & Wakefield is a global commercial real estate services firm with dedicated retail practice offering leasing, investment sales, and asset management. It competes with Weitzman for the largest institutional retail landlord mandates.

Direct peers

• The Retail Connection: The Retail Connection is a Texas-based retail leasing and investment sales firm serving DFW and other major Texas markets. It competes head-to-head with Weitzman for project leasing assignments, tenant representation, and investment sales in the same geographies.
• EDGE Realty Partners: EDGE is a Texas-based retail real estate services firm focused on tenant representation, project leasing, and investment sales across the state. It overlaps directly with Weitzman's core retail brokerage platform and competes for the same anchor tenants and landlord relationships.
• SRS Real Estate Partners: SRS is a national retail-focused commercial real estate services firm offering brokerage, property management, and investment sales across the U.S. Weitzman and SRS directly compete for the same retail landlord and tenant clients with similar full-service retail-specialist positioning.
• Marcus & Millichap: Marcus & Millichap is a national commercial real estate investment sales brokerage with strong retail investment sales presence in Texas. Weitzman's investment sales division competes directly with Marcus & Millichap for retail investment property dispositions and acquisitions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/watch?v=rRo7UFEWJm4
• Xx.com/weitzmantexas
• Facebookfacebook.com/theweitzmangroup
• LinkedInlinkedin.com/company/weitzmantx

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 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 Weitzman