What Minkoff Development does

Minkoff Development Corporation is a third-generation, family-owned real estate firm founded in 1972 by Leon P. Minkoff and headquartered in Germantown, Maryland. The company develops, constructs, leases, and manages its own portfolio of commercial properties in the Metropolitan Washington DC region, including Maryland, Washington DC, and Virginia. Its portfolio spans over 2.3 million square feet across 42 properties, with more than 50 buildings developed or acquired cumulatively, organized into three strategic focus areas: flex/industrial properties for distribution and light manufacturing; life science facilities exceeding 700,000 SF for R&D, clean rooms, vivariums, and manufacturing; and high tech properties exceeding 500,000 SF for data labs, anechoic chambers, and secure facilities.

The company operates a vertically integrated platform with all four core services (Development, Construction, Leasing, Management) delivered in-house, enabling direct hands-on control by principals and on-site response to tenant needs. Named properties include Seneca Meadows Corporate Center (650K+ SF), Shady Grove Development Park (745K+ SF), Avion Business Park (315K+ SF), The Shops at Seneca Meadows (210K+ SF), and SMCC Building 10 (73K+ RSF of lab space), among others. Tenant acquisition combines direct, relationship-driven leasing with the LoopLink self-serve leasing platform.

Revenue is generated primarily through recurring commercial real estate leasing of owned assets, supplemented by development and construction project fees (over 1.8 million SF of base building and over 3 million SF of interiors delivered historically) and property management services applied for over 30 years. The company is privately held with no institutional investors, no subsidiaries, and no public funding rounds. Pricing is quote-based and negotiated per tenant and per property, and revenue figures are not publicly disclosed.

Name

Minkoff Development

Legal name

Minkoff Development Corporation

Website

https://minkoffdev.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

11–50 employees

Short description

Minkoff Development is a third-generation, family-owned real estate firm founded in 1972 that develops, constructs, leases, and manages its own portfolio of over 2.3 million square feet of flex, life science, high tech, and industrial properties across 42 buildings in Maryland, Washington DC, and Virginia.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development and Property Management

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131), Lessors of Other Real Estate Property (53119)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industries

Mixed-Use Property Management (BPAJAGAE), Flex / R&D Industrial Space Brokerage (BPAJACAC)

Keywords

• Commercial real estate development
• Property management services
• Flex and industrial leasing
• Life science real estate
• Construction and build out

Headquarters

HQ city

Germantown

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Commercial Real Estate Leasing: Revenue generated from leasing flex, industrial, office, laboratory, and retail spaces to tenants across the Metropolitan Washington, DC region. The company owns and operates its own portfolio, serving as both landlord and property manager.
2. Development Services: Revenue from developing commercial properties including base building construction and interior fit-out projects. Minkoff provides clients with local insight and market knowledge for new construction and renovation projects.
3. Property Management: Revenue from managing properties for tenants, handling all aspects of occupancy including legal matters and facility maintenance. The company provides on-site professional staff for quick response to tenant needs.
4. Construction Services: Revenue from construction projects including base building and interior fit-out. The company has built over 1.8 million SF of base building projects and over 3 million SF of interiors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Minkoff Development is a third-generation, family-owned commercial real estate firm that develops, constructs, leases, and manages its own portfolio of flex, industrial, office, laboratory, retail, and life-science properties across the Metropolitan Washington, DC region. With all four capabilities delivered in-house, the company provides business tenants with integrated real estate services across more than 2.3 million square feet of space in Maryland, Washington DC, and Virginia.

Product overview

Minkoff Development is a third-generation, family owned real estate development and property management firm founded in 1972. The company operates a vertically integrated platform offering four core services: Development, Leasing, Construction, and Management. Their property portfolio spans over 2.3 million square feet across 42 properties in the Metropolitan Washington, DC region, categorized into three strategic focus areas: Flex/Industrial properties supporting light manufacturing and distribution; Life Science properties with over 700,000 SF for research, clean rooms, and manufacturing; and High Tech properties with over 500,000 SF for R&D and technology applications. The named properties include Seneca Meadows Corporate Center (650,000+ SF), Shady Grove Development Park (745,000+ SF), Avion Business Park (315,000+ SF), The Shops at Seneca Meadows (210,000+ SF), Beltsville Industrial Center (153,000+ SF), 700 Evelyn (185,000+ SF), Woodglen (103,000+ SF), Twinlabs (80,000+ SF), Sunnyside Industrial Center (87,000+ SF), 1901 4th St NE (33,000+ SF), and SMCC Building 10 (73,000+ SF lab space). All services are delivered in-house, enabling efficient and responsive property operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Development Services Real estate development services including close monitoring of buildings from inception through completion, ensuring strict construction guidelines, minimizing future maintenance, and maximizing tenant use of premises. Targets business tenants and property users seeking purpose-built commercial space in the DMV region.
• Leasing Services Property leasing services offered as landlord, developer, and property manager of Minkoff's own portfolio, providing insight into building accommodations and assisting existing tenants with growth from infancy to maturity. Available to business tenants via the LoopLink online leasing platform and direct contact.
• Construction Services Construction services encompassing both base building and interior fit-out projects, with a track record of over 1.8 million SF of base building projects and over 3 million SF of interiors. Delivered for the firm's own developments and available for tenant build-out needs.
• Management Services Property management services applied for over 30 years across the portfolio, handling all aspects of tenant occupancy from legal matters to facility maintenance with local on-site staff enabling quick response to tenant needs.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves3 records

Expansion highlights4 records

Direct peers

• Chevy Chase Land Company: Real estate development and management firm operating in the Washington DC region for over a century, with a portfolio spanning office, retail, and mixed-use assets — comparable as a long-tenured, DMV-focused commercial real estate owner-operator.
• Terreno Realty: Publicly-traded REIT focused on industrial real estate in six major US coastal markets including Northern Virginia/DC — the closest publicly-traded pure-play industrial/flex peer for Minkoff's flex/industrial focus.
• JBG SMITH Properties: Publicly-traded REIT headquartered in Bethesda, MD focused on mixed-use, office, multifamily, and life science properties across the Washington DC metro — the most directly comparable public peer to Minkoff's DMV-centric, mixed-use commercial portfolio.
• Stonebridge Associates: Washington DC-based real estate development and investment firm focused on commercial, office, and mixed-use projects in the Mid-Atlantic region — comparable as a Mid-Atlantic-focused commercial developer with development and ownership integration.
• B.F. Saul Company: Closely-held, family-owned diversified real estate firm operating in the Washington DC metro since 1892, with a portfolio spanning office, industrial, hospitality, and residential — a long-tenured DMV family-owned peer with similar multi-generational ownership structure.
• Foulger-Pratt: Maryland-based full-service real estate company with development, construction, property management, and investment capabilities across the DC metro — directly comparable vertically integrated model and regional focus to Minkoff.

Broad incumbents

• Alexandria Real Estate Equities: Nation's largest publicly-traded office REIT focused exclusively on life science campuses — the institutional benchmark for life science real estate, directly relevant for benchmarking Minkoff's 700K+ SF life science portfolio.
• Boston Properties (BXP): Largest publicly-traded developer and owner of Class A office and life science properties in the US, with significant DC metro presence — comparable as a vertically integrated developer/owner of premier office and lab space.
• BioMed Realty: Blackstone-owned REIT focused on life science and lab-enabled office properties across major innovation clusters — comparable for benchmarking the specialized life science segment of Minkoff's portfolio.
• Liberty Property Trust (now Prologis): Acquired by Prologis in 2020, Liberty was a major industrial REIT with significant DC-area flex and warehouse exposure — relevant broad incumbent comparable for Minkoff's flex/industrial portfolio segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Minkoff Development