Cannon Hill Capital Partners

What Cannon Hill Capital Partners does

Cannon Hill Capital Partners is a privately-held, vertically-integrated real estate operator, developer, and investment manager founded in 2022 through a management-led buyout of Columbia Property Trust's investment management business. Headquartered in New York with additional offices in Washington DC and Somerville, MA, the firm manages a portfolio of over 9 million square feet of commercial real estate across the Northeast and Mid-Atlantic markets, spanning office (888 Broadway, National Press Building, Terminal Warehouse), life science (Boynton Gateway), multifamily (Crossroads 389), and industrial (95 East Distribution Center) asset classes. It operates as a SEC-registered investment advisor, serving more than 200 institutional investors, joint venture partners, and limited partners through closed-end value-add funds, separate accounts, and joint ventures.

The firm's core technology is limited to a proprietary tenant engagement application (The Hub at Cannon Hill) and ESG benchmarking infrastructure built around GRESB membership, EPA ENERGY STAR Portfolio Manager, and LEED certification standards. There is no disclosed AI/ML capability, proprietary underwriting platform, or data flywheel. Cannon Hill generates revenue from four streams: investment management and asset management fees on capital under management, development and construction profit from ground-up and repositioning projects, leasing commissions and tenant services revenue, and property management fees across both owned and third-party assets. Pricing is not publicly disclosed and is negotiated bilaterally with institutional capital partners and large corporate tenants.

Cannon Hill's go-to-market is a field-sales model targeting sophisticated institutional investors, supplemented by strategic joint ventures (most prominently the December 2025 TriPost Capital Partners partnership targeting up to $1.5 billion in distressed office acquisitions along the Acela corridor) and channel partnerships with major brokerages (Cushman & Wakefield, JLL, Stream Realty). Leadership is drawn heavily from predecessor firms Normandy Real Estate Partners and Columbia Property Trust, with CEO Jeff Gronning having previously managed a $13 billion portfolio at Morgan Stanley and COO Melissa Cosgrove Donohoe leading investor relations. The firm holds multiple industry recognitions including the 2026 CoStar Impact Award for Redevelopment of the Year (Terminal Warehouse) and Crain's 2024 Best Places to Work in NYC.

Name

Cannon Hill Capital Partners

Legal name

Cannon Hill Capital Partners

Website

https://cannonhillcap.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

Cannon Hill Capital Partners is a vertically-integrated real estate operator, developer, and SEC-registered investment manager founded in 2022, managing over 9 million square feet across Northeast and Mid-Atlantic office, life science, multifamily, and industrial assets for more than 200 institutional investors and joint venture partners.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)

akta.pro primary industry

Large-Cap / Mega-Fund Buyout (FSANABAA)

akta.pro secondary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

Keywords

• Commercial real estate investment
• Property management services
• Real estate development
• Asset management fees
• Institutional real estate investing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Investment Management & Asset Management Fees: Cannon Hill earns asset management and investment management fees from over 200 institutional investors, joint venture partners, and limited partners across several investment structures including closed-end discretionary value-add investment funds, separate accounts, and joint ventures.
2. Development & Construction Profit: The firm generates development profit through ground-up development projects (e.g., Boynton Gateway life science development), tenant fit-outs, renovations, repositionings, and capital expenditure programs across its owned and managed portfolio.
3. Leasing & Tenant Services Revenue: The vertically-integrated platform provides leasing and asset management services, maintaining high-growth sector tenants across the portfolio, generating leasing commissions and NOI growth contributions.
4. Property Management Fees: The firm provides highly-differentiated and personalized property management services across owned and third-party managed commercial real estate portfolio totaling over 9 million square feet.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Cannon Hill Capital Partners is a vertically-integrated commercial real estate operator, developer, and SEC-registered investment manager. The firm acquires, develops, repositions, and manages office, life science, multifamily, and industrial properties across Northeast and Mid-Atlantic markets, while raising capital from over 200 institutional investors, joint venture partners, and limited partners through closed-end value-add funds, separate accounts, and joint ventures.

Product overview

Cannon Hill Capital Partners operates as a vertically-integrated real estate operator, developer, and investment manager offering a unified platform of services. The company provides comprehensive real estate investment management capabilities including acquisition and disposition, leasing and asset management, property management, construction and development, and property accounting. Their core product portfolio spans multiple asset classes across the Northeast and Mid-Atlantic markets: office properties (888 Broadway, National Press Building), life science developments (Boynton Gateway), multifamily residential, industrial/distribution, and a distressed asset purchase program targeting office-to-industrial conversions. The platform serves over 200 institutional investors and joint venture partners with approximately $0.0B in gross assets under management, managing over M square feet across Properties. Technology-enabled services include a proprietary tenant engagement application (The Hub at Cannon Hill) and ESG benchmarking through ENERGY STAR Portfolio Manager.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment & Management Services Full-service investment management offering financial reporting, portfolio management, risk/debt management, and compliance for institutional investors across closed-end value-add funds, separate accounts, and joint ventures.
• Acquisition & Dispositions Identifies and executes non-commodity investment opportunities through off-market sourcing, deep market understanding, and timely exit decisions.
• Leasing & Asset Management Hands-on repositioning, leasing, construction, and NOI growth targeting high-growth industry tenants.
• Property Management

Quantifiable outcome

• Over 9 million square feet of commercial real estate under management
• +3 more outcomes

Named customers9 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

Partnerships

Nine partnerships are on record, tiered core and minor.

• TriPost Capital PartnerscoreStrategic or Co-development Partner · 1 December 2025Cannon Hill Capital Partners announced a strategic partnership with TriPost Capital Partners to invest up to $1.5 billion in distressed office real estate in major US cities (NYC, Washington D.C., Boston) over three years. The partnership targets deals exceeding $50 million, focusing on distressed office assets and nonperforming loans along the Acela corridor. The initial investment is in Midtown South Manhattan. The timing is driven by $500 billion in commercial office debt maturing by 2028 creating expected market distress.
• L&L Holding CompanycoreStrategic or Co-development Partner · 17 October 2023L&L Holding Company, Columbia Property Trust, and Cannon Hill Capital Partners selected Cushman & Wakefield as the exclusive leasing agent for the Terminal Warehouse redevelopment — a 1,157,007 SF office development project in Manhattan.
• CookFoxminorImplementation/ SI/ Consulting PartnerCookFox served as the architectural firm transforming the 19th century Manhattan storehouse (Terminal Warehouse) into a modern workplace, as featured in Architectural Record.
• Cushman & WakefieldcoreChannel Partner/ Reseller/ DistributorCushman & Wakefield served as the exclusive leasing agent for Terminal Warehouse redevelopment and secured a $20.1 million loan to refinance Crossroads 389 in Hackensack, NJ (a Cannon Hill multifamily development).
• JLL (Jones Lang LaSalle)minorChannel Partner/ Reseller/ DistributorJLL closed the sale of Class A industrial property in Woodbridge, VA (95 East Distribution Center, a Cannon Hill-owned asset). JLL Capital Markets team members Kendall Willet and Sean Hickey joined Cannon Hill as Associates on the investments team.
• Stream Realty PartnersminorChannel Partner/ Reseller/ DistributorStream Realty Partners secured a lease with Zippy Shell at 95 East Distribution Center in Northern Virginia, a Cannon Hill-owned industrial development.
• Cabot, Cabot & Forbes (CCFNE)minorStrategic or Co-development PartnerCabot, Cabot & Forbes and Cannon Hill Capital Partners acquired the 75 Mystic Avenue site in Somerville, MA for multifamily/life science development.
• Global HoldingsminorStrategic or Co-development PartnerGlobal Holdings and their partners (including Cannon Hill) refinanced 888 Broadway with a $130 million loan and completed other property sales and development projects in New York City.
• Sparrow ManagementminorChannel Partner/ Reseller/ DistributorSparrow Management was named Property Manager at Crossroads 389 in Downtown Hackensack, NJ, a multifamily development by Cannon Hill.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Normandy Real Estate Partners: Cannon Hill's predecessor firm; co-founded by Jeff Gronning and operated as a vertically-integrated Northeast real estate PE firm managing $3.5B AUM. Operates in nearly identical markets and strategy, with overlap in leadership including Melissa Cosgrove Donohoe, Mike Loughlin, Jesse Laserson and others.
• RXR Realty: Large NYC-based vertically-integrated real estate owner, operator, and developer active across office, multifamily, and mixed-use in the same gateway Northeast markets. Comparable strategy and operator profile.
• SL Green Realty: Manhattan's largest office landlord. Closely comparable to Cannon Hill on Manhattan office focus, value-add repositioning strategy, and large-institutional-LP capital base.
• L&L Holding Company: Manhattan-focused vertically-integrated real estate operator/developer. Direct co-investment partner with Cannon Hill on Terminal Warehouse redevelopment, sharing market, strategy, and sponsor profile.
• George Comfort & Sons: Long-standing NYC real estate operator and partner with Cannon Hill on the 575 Lexington Avenue Weill Cornell lease. Closely comparable in scale, market, and vertically-integrated operating model.
• Cabot, Cabot & Forbes (CC&FNE): Historic Northeast real estate operator and active co-development partner with Cannon Hill on the 75 Mystic Avenue Somerville life science / multifamily development. Highly comparable operating model and geography.
• Columbia Property Trust: NYSE-listed urban office REIT from which Cannon Hill was spun out via 2022 management-led buyout. Same team, similar gateway-office focus on NYC, DC, Boston, San Francisco and LA; remains a direct comp for the investment management platform asset base.

Broad incumbents

• Boston Properties: Public REIT focused on Class A office, life science, and retail in NYC, DC, Boston, San Francisco, and LA — directly overlapping Cannon Hill's three primary metros with a strong life science development franchise similar to Boynton Gateway.
• Tishman Speyer: Global vertically-integrated real estate investment manager/developer with strong NYC presence. Operates at far larger scale but with the same integrated acquisition-development-management model across gateway markets.

Emerging players

• Harrison Street: Alternatives investment manager with dedicated real estate strategies including life science, senior housing, and digital infrastructure. Similar scale and institutional LP-led fundraising model to Cannon Hill, with thematic overlap on life science development.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cannon-hill-capital-partners-llc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

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 Cannon Hill Capital Partners