Runnymede Corporation
Runnymede Corporation is a family-owned Virginia Beach-based commercial real estate owner, developer, and operator managing more than one million square feet of Class A office, retail, self-storage, mixed-use, and light-industrial properties across the Mid-Atlantic and Southeast.
- Company typePrivate
- Founded1956
- HeadquartersVirginia Beach, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Runnymede Corporation does
Runnymede Corporation is a privately held, family-owned commercial real estate owner, developer, and operator headquartered in Virginia Beach, Virginia. Founded in 1956 and active for more than 70 years under the Fine family, the company develops and manages a portfolio of Class A office, retail, self-storage, mixed-use, and light-industrial properties spanning more than one million square feet of tenant space across Virginia, North Carolina, Florida, and Georgia. It exited the residential segment in 2019 to concentrate capital on its commercial platform.
The company runs an integrated operating model combining in-house development, property management, and brokerage services. Its technology stack consists of conventional proptech tooling — a mobile work-order system, fleet GPS, building automation with HVAC mobile access, and a proprietary web-based lease analysis application — with no disclosed AI/ML components. Notable tenants include Apex Systems (occupying two buildings in the Richmond TRC Center), a cancer diagnostic healthcare provider in Orange Park, Florida, and a diversified base of specialty retail and F&B operators such as Smartmouth Brewery. Leases are structured on NNN terms at quoted asking rents of $11–$22.50 per square foot.
Runnymede's revenue model is anchored in recurring rental income from owned assets, supplemented by third-party property management fees and brokerage commissions. The company is led since October 2022 by CEO Garrett Berger, recruited from Armada Hoffler (NYSE: AHH), with Matthew Fine as President and Andrew Fine and Morris Fine as Co-Chairmen. Reported portfolio value is described as exceeding $500 million, though the company does not publish financial results.
Runnymede Corporation firmographics
Firmographics- Name
- Runnymede Corporation
- Legal name
- The Runnymede Corporation
- Website
- https://trcva.com
- Company type
- Private
- Founded year
- 1956
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Runnymede Corporation is a family-owned Virginia Beach-based commercial real estate owner, developer, and operator managing more than one million square feet of Class A office, retail, self-storage, mixed-use, and light-industrial properties across the Mid-Atlantic and Southeast.
- Ownership category
- akta.pro rank
Runnymede Corporation industry classification
Industry- Product category
- Commercial Real Estate
- NAICS
- Nonresidential Property Managers (531312), Offices of Real Estate Agents and Brokers (53121), Corporate, Subsidiary, and Regional Managing Offices (551114)
- SIC
- Lessors Of Real Property, Nec (6519), Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)
- akta.pro secondary industries
- Flex / R&D Industrial Space Brokerage (BPAJACAC), Mixed-Use Property Management (BPAJAGAE)
Keywords
Where Runnymede Corporation is headquartered
LocationHeadquarters
- HQ city
- Virginia Beach
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Runnymede Corporation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Commercial Property Leasing: Revenue generated from leasing Class A office buildings, self storage facilities, office/warehouse, shopping centers, mixed use projects, and light industrial properties owned by Runnymede.
- Property Management Services: Management fees for maintaining and operating properties, including maintenance services, tenant support, and property administration. The company manages properties it owns and knows tenants by name.
- Brokerage Services: In-house leasing team provides tenant representation and buyer brokerage services, including market analysis, negotiating letters of intent, and assisting with preparation and review of lease agreements and purchase/sale agreements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Cleveland Place flex/warehouse units |
| Unit Pricing | Monthly | TRC Center II flex space |
| Unit Pricing | Monthly | Rosemont Interstate Center I office space |
| Unit Pricing | Monthly | 4400 Cox Road office space |
| Unit Pricing | Monthly | Park Phase III flex space |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Runnymede Corporation product offering
Product offeringCore offering
The Runnymede Corporation owns, develops, and manages a diversified commercial real estate portfolio consisting of Class A office buildings, self-storage facilities, office/warehouse flex space, shopping centers, mixed-use projects, and light industrial properties across Virginia, North Carolina, Florida, and Georgia. The firm supplements its owned portfolio with in-house tenant and buyer brokerage services, IFMA-certified property management with 24/7 maintenance, and forward-development of new commercial assets, operating as a vertically integrated owner-operator.
Product overview
Runnymede Corporation operates as a commercial real estate development and management firm offering a unified suite of services centered on its diverse property portfolio. The core offering includes class A office buildings, self storage facilities, office/warehouse spaces, shopping centers, mixed-use projects, and light industrial properties across Virginia, North Carolina, Florida, and Georgia. Supporting services include in-house brokerage/tenant representation, IFMA-certified property management and maintenance, and real estate development. The company also operates two art galleries (Gallery at Pavilion I and MOCA Satellite Gallery at Pavilion II) within the ViBe Creative District as part of its community involvement initiatives.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial Real Estate Portfolio (Class A Office, Self Storage, Office/Warehouse, Shopping Centers, Mixed-Use, Light Industrial)
Companies that use Runnymede Corporation
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
Runnymede Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Runnymede Corporation partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Virginia Museum of Contemporary Art (MOCA)coreVirginia MOCA curates and hosts art exhibits in Runnymede's Pavilion II building. The MOCA Satellite Gallery at Pavilion II displays works by various artists including veterans. This partnership supports Runnymede's commitment to artistic excellence and the ViBe Creative District.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Runnymede Corporation competitors and assessment
Company assessmentDirect peers
- W.M. Jordan Company: Virginia-based development, construction, and property management firm with a regional footprint similar to Runnymede. Comparable across Class A office, mixed-use, and industrial product in Virginia and the Carolinas.
- S.L. Nusbaum Realty Co. Norfolk-based, full-service commercial real estate firm with brokerage, property management, development, and construction services across the Mid-Atlantic. Directly comparable to Runnymede in Hampton Roads with overlapping office, retail, and multifamily holdings.
- Divaris Real Estate: Mid-Atlantic commercial real estate brokerage and management firm headquartered in Virginia Beach with offices across Virginia and the Carolinas. Directly comparable full-service platform (sales, leasing, property management) in Runnymede's core geography.
- Armada Hoffler Properties: Publicly-traded REIT (NYSE: AHH) headquartered in Virginia Beach. Owns and operates Class A office, retail, and multifamily in the Mid-Atlantic and Southeast, and is the most direct portfolio overlap with Runnymede's footprint; Runnymede's CEO Garrett Berger previously served as Portfolio Controller at Armada Hoffler.
- Harbor Group Management Company: Norfolk-headquartered commercial real estate investment and property management firm. Closely comparable as a private, vertically integrated CRE owner-operator with regional concentration in Mid-Atlantic/Southeast markets.
- Pembroke Real Estate: Boston-based commercial real estate investment and management firm focused on Class A office and mixed-use assets. Comparable as a long-held, owner-operator of trophy office product with integrated management capabilities.
Emerging players
- Greystar Real Estate Partners: Largest multifamily and CRE operator in the U.S. Asset Manager Nate Fine previously worked at Greystar; comparable as a multi-product, multi-state owner-operator with self-storage-adjacent operating know-how.
Broad incumbents
- Cushman & Wakefield: Global CRE services firm with brokerage, property management, valuation, and advisory. Overlaps with Runnymede's in-house leasing and brokerage services in the same Mid-Atlantic markets.
- Highwoods Properties: Publicly-traded REIT (NYSE: HIW) focused on best business district office properties across the Southeast. Comparable exposure to Runnymede's Class A office book in the Carolinas, Virginia, Florida, and Georgia, with greater scale and institutional access.
- NAI Global / NAI Hampton Roads: Global CRE brokerage and management network with a Hampton Roads member firm. Comparable brokerage and property management service line where Runnymede competes locally; Runnymede has won NAIOP Hampton Roads awards in this same ecosystem.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Runnymede Corporation social profiles
Digital presenceRunnymede Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Runnymede Corporation leadership team
Management profileNumber of profiles
Profiles17 records
Runnymede Corporation subsidiaries and ownership
Company hierarchySubsidiaries1 record
Runnymede Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Runnymede Corporation 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 Runnymede Corporation
What does Runnymede Corporation do?
The Runnymede Corporation owns, develops, and manages a diversified commercial real estate portfolio consisting of Class A office buildings, self-storage facilities, office/warehouse flex space, shopping centers, mixed-use projects, and light industrial properties across Virginia, North Carolina, Florida, and Georgia. The firm supplements its owned portfolio with in-house tenant and buyer brokerage services, IFMA-certified property management with 24/7 maintenance, and forward-development of new commercial assets, operating as a vertically integrated owner-operator.
Is Runnymede Corporation a public or private company?
Runnymede Corporation is a private company. It is classified as family owned and is currently operating.
When was Runnymede Corporation founded?
Runnymede Corporation was founded in 1956. It employs 11 to 50 people.
Where is Runnymede Corporation based?
Runnymede Corporation is headquartered in Virginia Beach, United States, in the North America region.
How does Runnymede Corporation make money?
Three revenue lines are on record. Commercial Property Leasing is the primary driver. The others are property Management Services and brokerage Services.
Who are Runnymede Corporation's main competitors?
Direct peers on record are W.M. Jordan Company, S.L. Nusbaum Realty Co., Divaris Real Estate, Armada Hoffler Properties, Harbor Group Management Company and Pembroke Real Estate. Greystar Real Estate Partners is listed as an emerging player. Broad incumbents are Cushman & Wakefield, Highwoods Properties and NAI Global / NAI Hampton Roads.
Does Runnymede Corporation have an API?
No public API is recorded for Runnymede Corporation.
What industry is Runnymede Corporation in?
Runnymede Corporation's product category is Commercial Real Estate. Its primary akta.pro industry code is FSAEAJAB, Commercial Real Estate Brokerage (Leasing & Sales), with a secondary code of BPAJACAC, Flex / R&D Industrial Space Brokerage. Its NAICS code is 531312 and its SIC code is 6519.