Edwards Realty Company

What Edwards Realty Company does

Edwards Realty Company is a family-owned real estate development, investment, and property management firm headquartered in Orland Park, Illinois. Founded in 1985, the company has operated for more than three decades with a stated specialization in revitalizing underperforming retail properties whose underlying demographics remain strong, repositioning them as mixed-use community hubs anchored by national retailers, regional brands, and local entrepreneurs. Its portfolio spans approximately 1.15 million square feet across at least 11 named properties in Illinois, Missouri, and Tennessee, including flagship assets Carriage Crossing (Collierville, TN, 514,000 SF), Burr Ridge Village Center, Orland Park Crossing, and The Boulevard (St. Louis, MO), plus smaller-format centers such as Cornerstone Centre, Kensington Center, Park Center, Seville Plaza, Edwards Center, and Heritage Square.

The firm generates revenue through three streams: recurring rental income from leasing retail, dining, and entertainment space, professional-services fees from property management (both owned assets and via third-party brokers including Mid America Asset Management, L3 Commercial Real Estate, and Jones Aur), and one-time development economics from ground-up and redevelopment projects. Its visible development pipeline totals roughly $320 million, including a $120 million Downtown Orland Park mixed-use development (broke ground 2024), a $200 million redevelopment planned near the Saint Louis Galleria at The Boulevard, and a $2 million entertainment district build-out at Burr Ridge Village Center. Edwards augments traditional leasing with the Pop Local program, a small-business incubator offering local entrepreneurs three months of free retail space plus support, deployed across four markets to date.

Operationally the firm is lean (1-10 employees per firmographic data) and family-controlled, led by President Ramzi Hassan. Distribution is hybrid: direct property-by-property leasing supplemented by broker partnerships across regional sub-markets. No external institutional investors, parent companies, or external funding rounds are disclosed; capital partners are limited to JV co-investors such as Core Acquisitions on the Carriage Crossing transaction. The company competes on location selection, public-private partnership execution (e.g., the Burr Ridge business district sales tax), community programming (Concerts on the Green, farmers markets, art fairs), and a tenant-mix philosophy that pairs national anchors (Target, H&M, Dillard's, Mariano's, Aldi) with curated local concepts.

Name

Edwards Realty Company

Legal name

Edwards Realty Company

Website

https://edwardsrealtyco.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1–10 employees

Short description

Edwards Realty Company is a family-owned real estate development, investment, and property management firm that owns and manages approximately 1.15 million square feet of retail and mixed-use shopping centers across Illinois, Missouri, and Tennessee, serving national retailers, regional brands, and local entrepreneurs through its Pop Local small-business incubator.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development and Property Management

NAICS

Offices of Real Estate Agents and Brokers (5312)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Retail Real Estate Asset Management (BPAJAMAF)

akta.pro secondary industries

Retail Brokerage (BPAJABAB), Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Commercial real estate development
• Shopping center management
• Mixed-use property leasing
• Retail property investment
• Mixed-use redevelopment

Headquarters

HQ city

Orland Park

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Others

Revenue model

1. Rental Income: Primary revenue from leasing retail, dining, and entertainment space to national retailers, regional tenants, and local businesses across their portfolio of shopping centers.
2. Property Management Services: Fees earned from managing owned and potentially third-party properties, including tenant relations, maintenance, marketing, and operational services.
3. Real Estate Development: Revenue from ground-up development and redevelopment projects such as the $120 million Downtown Orland Park development and $200 million redevelopment near St. Louis Galleria.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Edwards Realty Company owns, develops, and manages a portfolio of mixed-use retail, dining, and entertainment shopping centers across Illinois, Missouri, and Tennessee, totaling more than 1.15 million square feet. It generates revenue primarily by leasing space to national retailers, regional brands, restaurants, fitness operators, and service tenants, and additionally runs the Pop Local incubator program that offers local entrepreneurs free rent and support to test retail concepts in its centers.

Product overview

Edwards Realty Company is a family-owned real estate development, investment and property management firm. The company operates a portfolio of shopping centers including Carriage Crossing (Collierville, TN), Burr Ridge Village Center (Burr Ridge, IL), Orland Park Crossing (Orland Park, IL), The Boulevard (St. Louis, MO), and additional properties (Cornerstone Centre, Edwards Center, Kensington Center, Heritage Square, Seville Plaza, Park Center). The company also offers the Pop Local program, an award-winning small business incubator initiative that provides entrepreneurs with free retail space and support to launch their businesses.

Differentiator

Problem solved

Functional benefit

Brands

• Pop Local: An award-winning initiative by Edwards Realty Company intended to create new opportunities for small businesses and entrepreneurs by offering rent-free retail space in their shopping centers.

Products and services

• Carriage Crossing Pedestrian-friendly open-air shopping center with premier national retailers, local merchants, and specialty restaurants; located in Collierville, Tennessee. Attracts more than 225,000 visitors per month and serves as a regional retail and entertainment destination.
• Burr Ridge Village Center Open-air shopping, dining and entertainment destination in Burr Ridge, Illinois, anchored by tenants including LifeTime Fitness, Cooper's Hawk, The Hampton Social, Yolk, Topaz Cafe, Two Bostons, and Kohler Water Spa.
• Orland Park Crossing Vibrant mixed-use shopping center with upscale retail and dining in Orland Park, Illinois, featuring pedestrian-friendly courtyards, outdoor dining venues, civic gathering places, and seasonal marketing events.
• The Boulevard Open-air shopping village with upscale retail, fine dining and luxury residences in St. Louis (Richmond Heights), Missouri, hosting a weekly farmers market in its sixth season. Anchor and notable tenants include Crate & Barrel, Soft Surroundings, Loft, and Maggiano's.
• Downtown Orland Park Development
• Cornerstone Centre
• Edwards Center
• Kensington Center
• Seville Plaza
• Park Center
• Pop Local Program Award-winning small business incubator program offering local entrepreneurs three months of free rent, marketing support, and decoration stipends to launch their products in traditional retail space within Edwards Realty shopping centers.

Quantifiable outcome

• Carriage Crossing attracts over 225,000 visitors monthly
• +3 more outcomes

Named customers34 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Mid America Asset ManagementcoreChannel Partner/ Reseller/ DistributorThird-party asset management firm handling leasing for multiple Edwards Realty properties including Burr Ridge Village Center, Orland Park Crossing, and Cornerstone Centre. Serves as primary leasing contact for these properties.
• L3 Commercial Real EstatecoreChannel Partner/ Reseller/ DistributorCommercial real estate brokerage representing The Boulevard in St. Louis for primary leasing. Rick Spector serves as primary leasing contact through L3 for the 200,000 SF property.
• Jones AurcoreChannel Partner/ Reseller/ DistributorCommercial real estate brokerage handling primary leasing for Carriage Crossing in Collierville. Dustin Jones and Jonathan Aur serve as leasing contacts representing the property.
• Wolf River HospitalityminorStrategic or Co-development PartnerRestaurant/hospitality group opening Nashoba (live entertainment venue, sports bar and restaurant) at Carriage Crossing. Signage indicates a 10-year lease commitment. Represents the new ownership's strategy of adding entertainment and dining to the property mix.
• Memphis in MayminorGTM or Marketing PartnerAnnual music festival organization partnering with Carriage Crossing to host 'Memphis in March' BBQ block party event at the shopping center. Collaborative community event bringing entertainment to Collierville.

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Brixmor Property Group: Public REIT (BRX) and large incumbent open-air shopping center owner; directly comparable in retail center operations and leasing, with substantially larger portfolio scale providing broad-incumbent comparison.
• Federal Realty Investment Trust: Public REIT (FRT) operating high-quality retail and mixed-use properties in affluent U.S. markets; comparable in premium suburban location strategy and mixed-use repositioning expertise.
• Kimco Realty: Largest publicly-traded shopping center REIT (KIM); directly comparable in operating open-air shopping centers with national retailers at scale, though with much larger portfolio.
• CBL & Associates Properties: Public REIT (CBL) operating shopping malls and lifestyle centers; comparable in retail real estate operations but concentrated in traditional mall formats facing similar headwinds.
• Brookfield Property Partners: Global real estate operator with significant retail and mixed-use holdings; comparable in scale of retail/mixed-use development and repositioning of underperforming centers.
• Tanger Inc. Public REIT (SKT) operating outlet and shopping centers; overlaps in retail leasing and suburban property operations, though Tanger's outlet-center model is a partial adjacency.

Direct peers

• RPT Realty: Public REIT (RPT) focused on open-air shopping centers in select U.S. markets; highly comparable in suburban shopping center operations and tenant mix, with smaller market-cap scale.
• WS Development: Privately-held retail and mixed-use developer operating lifestyle centers and town centers across the eastern U.S.; comparable in focus on suburban retail revitalization, mixed-use repositioning, and curated tenant mixes.
• Phillips Edison & Company: Public REIT (PECO) focused on grocery-anchored neighborhood shopping centers; highly comparable in operating suburban shopping centers with national tenants at similar scale, though geographically dispersed.

Others

• Mid-America Asset Management: Third-party retail leasing and property management firm; an actual channel partner to Edwards for Midwest leasing, making it a closely-adjacent peer in retail real estate services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/EdwardsRealtyCo
• Instagraminstagram.com/EdwardsRealtyCompany
• Xx.com/edwardsrealtyco
• LinkedInlinkedin.com/company/edwards-realty-company

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 Edwards Realty Company