What Goodman Realty does

Goodman Realty Group is a privately held, family-owned commercial real estate development, ownership, management, and leasing firm headquartered in Albuquerque, New Mexico, founded in 1960 by Gary Goodman. Over six decades the company has designed, developed, owned, managed, and leased more than 7 million square feet of commercial real estate spanning retail power centers, Class A and historic office properties, mixed-use developments, industrial/warehouse facilities, and (historically) hospitality assets, with offices in Albuquerque, Denver, and Portland and current operating geographies concentrated in New Mexico, Colorado, Oregon, Oklahoma, Illinois, and Indiana. The portfolio includes flagship assets such as the 83-acre Winrock Town Center in Albuquerque, Montgomery Plaza (a discount-retailer-anchored power center), Cherry Tower in Denver, and 1010 Flanders in Portland, alongside active development projects in Taos and Albuquerque and a master-development role on Albuquerque's Innovate ABQ innovation district with the City, UNM, and state/federal agencies. The business generates revenue from three streams: recurring property rental and leasing (subscription-like), one-time property development and sales (including disciplined portfolio recycling such as the 2022 divestitures of Hotel Andaluz and the One Sun Center office portfolio), and professional services in asset management and consulting. The firm differentiates through a vertically integrated operating model spanning planning, design, engineering, leasing, marketing, and property management, and through documented expertise in hybrid financing structures that combine public, institutional, and private capital sources, including New Market Tax Credits, Tax Increment Financing, Industrial Revenue Bonds, Historic Tax Credits, and Renewable Energy Tax Credits. Tenant relationships are anchored by national enterprise retailers and service providers — Burlington Coat Factory, TJ Maxx, Ross, Dollar Tree, Walgreens, Savers, Planet Fitness, Sprouts Farmers Market, Verizon, US Bank, and Chick-fil-A — underwritten with long-term leases following the 2021 Montgomery Plaza repositioning.

Name

Goodman Realty

Legal name

Goodman Realty Group

Website

https://goodmanrealty.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

11–50 employees

Short description

Goodman Realty Group is a family-owned, Albuquerque-headquartered commercial real estate developer that has owned, developed, and managed over 7 million square feet of retail, office, mixed-use, and industrial property across multiple U.S. states since 1960.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development and Ownership

NAICS

Rental and Leasing Services (532), Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (53121)

SIC

Lessors Of Real Property, Nec (6519)

akta.pro primary industry

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

akta.pro secondary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Commercial real estate development
• Property leasing services
• Mixed-use development
• Retail property management
• Real estate investment

Headquarters

HQ city

Albuquerque

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Rental and Leasing: Revenue generated from leasing commercial, retail, office, and industrial properties to tenants. The company owns and manages a diverse portfolio of properties including retail centers, office towers, mixed-use developments, and industrial facilities.
2. Property Development and Sales: Revenue from developing new properties and selling existing assets. Goodman Realty has sold parcels (e.g., at Montgomery Plaza) and previously owned properties to redeploy equity and reinvest into their portfolio.
3. Asset Management and Consulting: Revenue from managing properties for themselves and potentially third parties, including leasing, marketing, and property management services.

Distribution channels2 records

Marketing channels3 records

Core offering

Goodman Realty Group owns, develops, manages, and leases a diversified portfolio of commercial real estate properties, including retail power centers, Class A office buildings, mixed-use developments, neighborhood shopping centers, and industrial/warehouse facilities across multiple U.S. states. The company operates a vertically integrated platform covering planning, design, engineering, financing, leasing, marketing, and property management, with expertise in hybrid public/private capital structures and sustainable urban redevelopment.

Product overview

Goodman Realty Group is a commercial real estate development company offering a diversified portfolio of properties and development services. The company operates as a single integrated real estate platform rather than a modular software product. Their core offerings include: (1) retail properties such as Winrock Town Center, Montgomery Plaza, and multiple shopping centers across Oklahoma, Indiana, and Colorado; (2) office properties including Cherry Tower in Denver, 1010 Flanders in Portland, and previously-owned One Sun Center campuses; (3) mixed-use developments like Winrock Town Center featuring retail, hospitality, office, and residential components; (4) industrial/warehouse space in Santa Teresa, NM; and (5) master development services for innovation districts (Innovate ABQ). The company also previously owned and operated hospitality properties (Hotel Andaluz) and has development projects in progress (Paseo del Canon, 7700 Jefferson). Their vertically integrated model encompasses planning, design, engineering, leasing, marketing, and community development.

Differentiator

Problem solved

Functional benefit

Products and services

• Winrock Town Center An 83-acre mixed-use development at the gateway to Albuquerque's Uptown district, featuring retail, hospitality, office, and residential components; includes a two-acre park with amphitheater, shaded walking paths, children's play area, and restaurant around a lake with waterfall. Anchored by flagship retail and office tenants.
• Montgomery Plaza One of Albuquerque's premiere retail power centers at the corner of Montgomery Boulevard and San Mateo Avenue. Re-positioned in 2021 with long-term leases with discount retailers including Burlington Coat Factory, TJ Maxx, Ross, Dollar Tree, and Walgreens, plus QSR and banking tenants.
• Cherry Tower A 16-story, first-class Class A office property on the edge of Cherry Creek in Downtown Denver, featuring efficient 15,000 square foot floor plates, enclosed 5-level parking garage, and $4.0M in interior/exterior improvements.
• 1010 Flanders A historic office building built in 1921 as the Ballou & Wright Company Building in Portland's Pearl District. A Portland Historic Landmark that blends industrial past with modern functionality, featuring vaulted ceilings, exposed timber, bike stalls, commuter amenities, and rooftop deck with city views.
• Pine Creek Village An 82,000 square foot mixed-use property in Colorado Springs featuring 28,000 square feet of retail and 54,000 square feet of office space. Located on Briargate Parkway next to I-25 with views of the Rocky Mountains, serving office, medical office, dental, and retail tenants.
• Rio Bravo Square A retail center in southwest Albuquerque offering 92,626 square feet of retail space at 3211-3231 Coors Blvd SW.
• Santa Teresa 96,857 square feet of warehouse/industrial space located in Santa Teresa, NM, positioned strategically near the U.S.-Mexico border crossing for logistics and distribution tenants.
• Hoffman Heights Urban neighborhood shopping center at the corner of 6th Avenue and Peoria Street in Aurora, CO. Features service-oriented retailers serving surrounding residential neighborhoods, with over 95% occupancy.
• Valley View 37,193 square feet of retail space located in Marion, IN.
• Michigan City Town Center 18,300 square feet of retail space located along South Franklin Street in Michigan City, IN.
• Michigan City Plaza 237,625 square feet of retail space located at the corner of Route 421 and Route 20 in Michigan City, IN. Tenants include Big Lots, Sherwin Williams, Harbor Freight Tools, and Anytime Fitness.
• Valparaiso Market Place 39,557 square feet of retail space located in Valparaiso, IN. Tenants include American Mattress, Xfinity, GameStop, Panera Bread, Bath & Body Works, Kay Jewelers, The Children's Place, Pet Supplies Plus, and T-Mobile.
• Valparaiso II 15,816 square feet of retail space located at 2410, 2620, 2710 LaPorte Rd. in Valparaiso, IN.
• Halstead & 119 59,847 square feet of retail space located at the SW corner of 119th and Halsted in Chicago, IL.
• Paseo del Canon A new development project in Taos, NM, with approximately 20 acres to be developed in two phases.
• Chisholm Center 227,707 square foot shopping center located at Garth Brooks Blvd. North of Interstate 40 in Yukon, OK. Expanded by 60,000 square feet to accommodate tenants such as Sprouts Farmers Market and Planet Fitness.
• 6900 Place Core neighborhood shopping center with 49,723 square feet of retail space on North May Avenue in Oklahoma City, OK. Tenants include Honey Baked Ham and Subway.
• 7700 Jefferson A new development coming to Albuquerque, NM at 7700 Jefferson St. NE.
• Innovate ABQ Master Development Services Master developer services for Albuquerque's high-tech Innovation District - a collaborative effort of Goodman Realty, the City of Albuquerque, the University of New Mexico, and state and federal agencies.

Quantifiable outcome

• Over 7 million square feet of commercial real estate developed, owned, managed and leased
• +2 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• RS21minorStrategic or Co-development Partner · 25 August 2025RS21, a data science company headquartered in New Mexico, is opening a new 3,340-square-foot office at the Portland Building within Winrock Town Center in Albuquerque. The move represents a long-term commitment to the local economy and revitalization of the Uptown district. Goodman Realty Group, as developer of the center, welcomed the tenant as part of efforts to activate the property.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• DLC Management Corp. Privately held retail real estate owner-operator managing ~20M sq ft of open-air shopping centers across the U.S.; directly comparable to Goodman in asset class, owner-operator model, and lack of REIT structure.
• The Woodmont Company: Family-owned retail real estate developer and owner of shopping centers across the Mid-Atlantic, Northeast, and Southeast; comparable vertical integration, family ownership, and tenant-mix strategy to Goodman.
• Sterling Organization: Private retail real estate investment and management firm focused on value-add shopping centers; comparable principal-investor model and active repositioning approach to assets like Montgomery Plaza.
• Westcore Properties: Privately held commercial real estate investment firm owning and operating industrial, office, and retail properties across the western U.S.; comparable asset class breadth and private-operator structure.
• BPG Properties: Private commercial real estate owner-operator with retail, office, and mixed-use assets across the Mid-Atlantic and Southeast; comparable vertically integrated, private-owner model.

Broad incumbents

• Phillips Edison & Company: Public REIT (PECO) anchored by necessity-based grocery-anchored shopping centers with ~30M sq ft; relevant as a public-market comparison for Goodman's core neighborhood and community retail portfolio.
• Brixmor Property Group: One of the largest publicly traded shopping center REITs (~370 centers, 65M+ sq ft); relevant as an institutional benchmark for Goodman's portfolio of power centers and shopping centers.
• Kimco Realty: Largest publicly traded open-air shopping center REIT in North America with ~580 properties; a meaningful broad-incumbent reference for Goodman's open-air retail strategy and discount-tenant concentration.
• Federal Realty Investment Trust: High-quality mixed-use REIT with flagship town-center assets; relevant for Goodman's Winrock Town Center and mixed-use developments like Pine Creek Village.

Regional players

• SRS Real Estate Partners: National commercial real estate firm with strong retail and investment-sales platform serving landlord clients; relevant peer for property management, leasing, and tenanting services applied at Goodman's centers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/goodman-realty-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Goodman Realty