Hernandez
Hernandez Development & Construction is a Fort Lauderdale–based, vertically integrated real estate developer and general contractor founded in 2002, delivering Class A industrial, logistics, self-storage, and commercial build-outs for institutional developers, REITs, and PE-backed owners across South Florida and the Chicago MSA.
- Company typePrivate
- Founded2002
- HeadquartersFort Lauderdale, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Hernandez does
Hernandez Development & Construction is a Fort Lauderdale-headquartered, vertically integrated real estate developer and general contractor founded by Alex Hernandez in 2002 and operating as Hernandez Construction LLC. Since founding, the firm states it has delivered nearly 17 million square feet and $2 billion-plus in cumulative construction cost across industrial, logistics, self-storage, commercial, retail, and medical asset classes in South Florida, the Chicago MSA, and select other markets. The platform spans the full development lifecycle in-house — land acquisition, capital structuring, preconstruction, procurement, general contracting, tenant improvement, and asset management — supplemented by a smaller-project sub-brand, Nova Construction Management. Core service lines published on its website (buildwithhernandez.com) include Development Services, Construction Management, Capital Group, Asset Management, Land Acquisition, Preconstruction, Procurement, and Tenant Improvement.
Revenue derives primarily from (a) development fees and asset-management economics on self-developed and JV-owned Class A industrial and self-storage facilities managed under third-party operator agreements with CubeSmart and Extra Space Storage, and (b) general-contracting and construction-management fees paid by third-party institutional developers such as Bridge Industrial, Link Logistics (a Blackstone affiliate), Summit Real Estate Group, Merrimac Ventures, and G.A. Johnson & Son, with individual project values from roughly $17.6M (Opa-Locka construction loan) and $57M (South Florida Distribution Center Building C) to $133M (Bridge Point Commerce Center West) and $153.5M (Bridge Point Commerce Center Phase II). Pricing is project-based and negotiated; no standard price list is published. The go-to-market is enterprise field sales supported by event-based brand positioning (e.g., Silver Sponsorship of the Invest: Miami Leadership Summit) and earned media through South Florida Business Journal, Latino Leaders Magazine, and Capital Analytics Associates. The technology stack is led by the Procore construction management platform for project execution and collaboration, supplemented by internal data analytics. In 2025 the firm expanded beyond its industrial-and-self-storage core by launching a Built-to-Rent (BTR) platform and a multifamily residential platform. Leadership comprises CEO/President Alex Hernandez, President of Construction Mike Browdy (promoted June 2025 after joining December 2024), and Chief Investment Officer Navish Chawla.
Hernandez firmographics
Firmographics- Name
- Hernandez
- Legal name
- Hernandez Construction LLC
- Website
- https://buildwithhernandez.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Hernandez Development & Construction is a Fort Lauderdale–based, vertically integrated real estate developer and general contractor founded in 2002, delivering Class A industrial, logistics, self-storage, and commercial build-outs for institutional developers, REITs, and PE-backed owners across South Florida and the Chicago MSA.
- Ownership category
- akta.pro rank
Hernandez industry classification
Industry- Product category
- Commercial Real Estate Development
- NAICS
- Industrial Building Construction (23621), Land Subdivision (23721), Real Estate Property Managers (53131)
- SIC
- General Bldg Contractors - Nonresidential Bldgs (1540), Operative Builders (1531)
- akta.pro primary industry
- Construction Program Management (Multi-site/Portfolio) (IMAFAAAF)
- akta.pro secondary industry
- Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)
Keywords
Where Hernandez is headquartered
LocationHeadquarters
- HQ city
- Fort Lauderdale
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Hernandez business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Development Fees & Asset Management: Hernandez Development earns revenue through development fees and asset management services on self-storage, industrial, and commercial projects. The company develops properties for its own portfolio and for institutional partners, generating income from development, ownership, and lease-up of Class A assets.
- General Contracting & Construction Management: Hernandez Construction serves as general contractor and construction manager for third-party developers (e.g., Bridge Industrial, Summit Real Estate), earning construction fees based on project scope and contract value. Projects range from $57M industrial developments to $133M mega-projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-based construction and development services — pricing is custom and scope-dependent |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Hernandez product offering
Product offeringCore offering
Hernandez Development & Construction operates as a vertically integrated real estate developer and general contractor, managing every phase of the development lifecycle from land acquisition and capital structuring through preconstruction, procurement, construction management, and asset management. The firm develops Class A industrial, logistics, self-storage, and commercial properties for its own portfolio and for institutional clients such as Bridge Industrial, CubeSmart, Extra Space Storage, and Link Logistics, with project sizes ranging from single-asset builds to $133M+ mega-projects. Revenue is earned through development fees, construction fees, and asset management services on a project-by-project basis in South Florida and the Chicago MSA.
Product overview
Hernandez Development & Construction operates as a vertically integrated real estate firm offering comprehensive development and general contracting services. The platform provides end-to-end capabilities spanning land acquisition, capital structuring, preconstruction, procurement, construction management, and asset management. Key services include Development Services, Construction Management, Capital Group, Asset Management, Land Acquisition, Preconstruction Services, Procurement Services, and Tenant Improvement. The company is expanding with Nova Construction Management (a sub-brand for smaller projects) and upcoming Built-to-Rent (BTR) and Multifamily platforms. Their portfolio focuses on Class A industrial, commercial, self-storage, and retail developments, having completed nearly 17 million square feet across Florida, Illinois, and other markets.
Differentiator
Problem solved
Functional benefit
Brands
- Nova Construction Management: A division focused on smaller projects and tenant improvements, including tenant coordination services
- Hernandez Development Services
- Hernandez Construction
Products and services
- Development Services
Quantifiable outcome
- Delivered 17 million square feet of Class A industrial and commercial space since 2002
- +4 more outcomes
Companies that use Hernandez
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles3 records
Hernandez technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Hernandez partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- CubeSmartcoreCubeSmart (NYSE: CUBE), a leading national self-storage REIT, serves as the third-party operator for multiple Hernandez Development self-storage facilities including Opa-Locka (149,889 SF, 1,146 units) and Carol Stream (71,510 SF, 625 units). Hernandez develops and constructs the facilities; CubeSmart manages leasing and operations for end consumers.
- Extra Space StoragecoreExtra Space Storage serves as the third-party operator for Hernandez Development's Deer Park self-storage and retail mixed-use facility in the Chicago MSA, providing professional property management, leasing, and customer service for the 882-unit climate-controlled facility.
- XSITE Real EstatecoreStrategic partnership between Hernandez Development and XSITE Real Estate (Burr Ridge, IL) for the development of self-storage and mixed-use facilities in the Chicago MSA. Joint projects include Deer Park (6-acre mixed-use with Scooter's Coffee and retail), Naperville (Class A self-storage with childcare and coffee shop), and other Midwest developments.
- Bridge IndustrialcoreBridge Industrial, one of South Florida's most active industrial real estate developers, engaged Hernandez Construction as general contractor for multiple projects including Bridge Point Commerce Center West (1.6M SF, $133M), Bridge Point 595 (677,314 SF, Davie), and Bridge Point FLL Logistics Center (174,129 SF, Fort Lauderdale).
- Summit Real Estate GroupminorSummit Real Estate Group engaged Hernandez Construction as general contractor for South Florida Distribution Center – Building C in Pembroke Pines, a $57M, 281,145 SF Class A multi-tenant warehouse development. Hernandez is one of several partners on this multi-building project.
- Link Logistics (Blackstone affiliate)minorLink Logistics, the industrial affiliate of Blackstone, engaged Hernandez Construction as general contractor for Sycamore Logistics Center in Medley (18-acre site, 310,456 SF across two warehouses with 36-foot clear heights). Project completed approximately May 2024.
- Cushman & WakefieldminorCushman & Wakefield (Jeff Dybas) acts as the broker for the $17.6M Opa-Locka construction loan transaction between Andover Properties and Hernandez Development. Also serves as leasing agent for South Florida Distribution Center – Building C in Pembroke Pines.
- G.A. Johnson & SonminorG.A. Johnson & Son served as the general contractor for the Carol Stream Self Storage project in the Chicago MSA, bringing over 50 years of Midwest commercial construction expertise to the project. Hernandez Development was the developer.
- Merrimac VenturesminorMerrimac Ventures (Dev Motwani, Fort Lauderdale) partnered with Hernandez Construction on the Riverbend Self Storage facility at 2401 W. Broward Blvd., Fort Lauderdale — a 132,848 SF, 4-story facility sold to Prime Storage Group for $35.02M.
- Extra Space Storage (Deer Park)minorExtra Space will serve as the third-party operator for the Deer Park, IL Class A self-storage facility developed by Hernandez Development and XSITE Real Estate.
- Scooter's CoffeeminorScooter's Coffee (Nebraska-based drive-thru coffee chain) is a confirmed tenant at Hernandez Development's Rand Road Shoppes mixed-use development in Deer Park, IL. The dedicated drive-thru location is part of the 6,000 SF retail building alongside Jimmy John's and Teriyaki Madness.
Scale indicators12 records
Recent moves6 records
Expansion highlights6 records
Hernandez competitors and assessment
Company assessmentDirect peers
- Moss & Associates: Fort Lauderdale-headquartered general contractor with comparable South Florida concentration and similar project scale across commercial, residential, and industrial sectors. Direct regional competitor for industrial mega-project mandates and the same institutional client set.
- Coastal Construction: Miami-based general contractor serving commercial, residential, and industrial clients across South Florida. Direct competitor for the same developer/REIT client base (Bridge Industrial, Link Logistics, etc.) with comparable mega-project execution capability.
- Stiles Corporation: Fort Lauderdale-based vertically integrated real estate firm offering development, construction, brokerage, and property management. Closely comparable business model to Hernandez — same geography, same integrated platform, similar asset class mix including office, industrial, and retail.
Broad incumbents
- Suffolk Construction: National general contractor with significant South Florida presence across commercial, healthcare, and industrial sectors. Competes for the same institutional developer clients at larger scale; broader geographic footprint and deeper bonding capacity than Hernandez.
- Whiting-Turner Contracting Company: Large national general contractor with established South Florida industrial and commercial presence. Competes with Hernandez for institutional developer mandates at higher scale and broader geographic reach.
- Balfour Beatty Construction: International general contractor with significant US operations including commercial and industrial projects in Florida. Competes for institutional developer mandates with materially larger balance sheet and broader geographic reach than Hernandez.
- Trammell Crow Company: National commercial real estate developer with major industrial/logistics development practice. Competitor for industrial land, self-development mandates, and the same institutional tenant set; materially larger scale than Hernandez's self-development arm.
- Turner Construction Company: Largest US general contractor by revenue with broad industrial and commercial presence in Florida. Competes for the largest institutional developer mandates with substantially greater resources, geographic diversification, and bonding capacity than Hernandez.
Others
- Bridge Industrial: Privately held industrial developer that is Hernandez's largest disclosed GC client. Closely coupled through multi-project GC mandates (Bridge Point Commerce Center West, Bridge Point 595, Bridge Point FLL); an adjacent comparator rather than direct competitor but materially shapes Hernandez's project pipeline.
- Link Logistics (Blackstone): Blackstone's industrial real estate affiliate and one of Hernandez's largest disclosed GC clients (Sycamore Logistics Center, 310,456 SF). Operates as both potential competitor (large industrial developer) and key customer relationship.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Hernandez social profiles
Digital presenceHernandez financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hernandez leadership team
Management profileNumber of profiles
Profiles4 records
Hernandez subsidiaries and ownership
Company hierarchySubsidiaries1 record
Hernandez funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hernandez 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 Hernandez
What does Hernandez do?
Hernandez Development & Construction operates as a vertically integrated real estate developer and general contractor, managing every phase of the development lifecycle from land acquisition and capital structuring through preconstruction, procurement, construction management, and asset management. The firm develops Class A industrial, logistics, self-storage, and commercial properties for its own portfolio and for institutional clients such as Bridge Industrial, CubeSmart, Extra Space Storage, and Link Logistics, with project sizes ranging from single-asset builds to $133M+ mega-projects. Revenue is earned through development fees, construction fees, and asset management services on a project-by-project basis in South Florida and the Chicago MSA.
Is Hernandez a public or private company?
Hernandez is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Hernandez founded?
Hernandez was founded in 2002. It employs 1 to 10 people.
Where is Hernandez based?
Hernandez is headquartered in Fort Lauderdale, United States, in the North America region.
How does Hernandez make money?
Two revenue lines are on record. Development Fees & Asset Management is the primary driver. The others are general Contracting & Construction Management.
Who are Hernandez's main competitors?
Direct peers on record are Moss & Associates, Coastal Construction and Stiles Corporation. Broad incumbents are Suffolk Construction, Whiting-Turner Contracting Company, Balfour Beatty Construction, Trammell Crow Company and Turner Construction Company. Others are Bridge Industrial and Link Logistics (Blackstone).
Does Hernandez have an API?
No public API is recorded for Hernandez.
What industry is Hernandez in?
Hernandez's product category is Commercial Real Estate Development. Its primary akta.pro industry code is IMAFAAAF, Construction Program Management (Multi-site/Portfolio), with a secondary code of BPAJAMAL, Real Estate Development Asset Management (Project/Construction-to-Stabilization). Its NAICS code is 23621 and its SIC code is 1540.