What Hill Partners does

Hill Partners, Inc. is a privately held commercial real estate firm founded in 1983 and headquartered at 2201 South Boulevard, Suite 400, Charlotte, NC. The company develops, acquires, redevelops, and manages retail and mixed-use lifestyle centers, with operational reach across 29 states plus international projects. Since founding it has owned, developed, or redeveloped over 4.3 million square feet and advised/managed and handled leasing for over 16 million square feet of retail properties, primarily on behalf of institutional third-party clients — totaling more than 20 million square feet of shopping centers and mixed-use properties under the firm's purview. Key assets in its active portfolio include The Town Center at Levis Commons (Perrysburg, OH), Specialty Shops SouthPark (Charlotte, NC), Promenade at Coconut Creek (FL), Sharon Square (Charlotte), Morrison Yard (Charleston, SC), and The Bend (Chattanooga, TN, a partnership with Urban Story Ventures).

The firm operates through three integrated service divisions. Project Conceptualization covers feasibility studies, market research, merchandising research, and investment analysis. Project Implementation handles acquisitions, design and construction management, and merchant recruitment/leasing. Property/Asset Management delivers ongoing operations, tenant relations, consumer marketing, and accounting. Revenue is generated through a mix of professional services (development fees), managed services (ongoing property/asset management fees for institutional clients), and transaction fees (leasing/merchant recruitment), with no publicly disclosed pricing. The company has no app, API, or SDK and does not evidence any proprietary technology platform. Marketing is conducted through its website, Instagram, Pinterest, and LinkedIn, plus trade press features (e.g., Shopping Center Business) and tenant announcement press releases.

The company appears to be founder-operated under President and majority shareholder Robert H. Spratt, Jr., with a small headcount of 11-50 employees. It has won an ICSC Silver MA award (2020, for Promenade at Coconut Creek), reports over $600 million in value created through leasing/development and over $400 million in capital improvement expenditures managed, and has executed notable transactions including the 2014 acquisition of Specialty Shops SouthPark with an institutional partner, the 2016 acquisition of Promenade at Coconut Creek, and the May 2026 sale of The Town Center at Levis Commons. No public ownership, venture backing, or holding-company structure is disclosed.

Name

Hill Partners

Legal name

Hill Partners, Inc.

Website

https://hillpartnersinc.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

Charlotte-based Hill Partners, Inc., founded in 1983, develops, acquires, and manages retail and mixed-use lifestyle centers across 29 states, serving institutional investors and national retail tenants through full-lifecycle real estate services.

Ownership category

akta.pro rank

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Development Services: Project implementation including design management, development management, construction management, and acquisitions for retail and mixed-use properties
2. Property/Asset Management: Ongoing operations, tenant relations, consumer marketing, and accounting services for managed properties
3. Leasing/Merchant Recruitment: Strategic merchandising and leasing services to attract tenants to shopping centers, primarily for institutional third-party clients

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Hill Partners is a commercial real estate firm that acquires, develops, redevelops, and manages retail and mixed-use lifestyle centers. Service offerings span three integrated divisions: Project Conceptualization (feasibility, market research, merchandising research, investment analysis), Project Implementation (acquisitions, design management, construction management, merchant recruitment), and Property/Asset Management (operations, tenant relations, consumer marketing, accounting). The firm works primarily with institutional third-party clients and sophisticated retailers across 29 states and internationally.

Product overview

Hill Partners is a commercial real estate firm offering three integrated service divisions: Project Conceptualization (feasibility studies, strategic planning, market research), Project Implementation (acquisitions, design/construction management, merchant recruitment), and Property/Asset Management (operations, tenant relations, marketing, accounting). The company manages a portfolio of retail and mixed-use lifestyle centers including The Town Center at Levis Commons (Perrysburg, OH), Specialty Shops SouthPark (Charlotte, NC), Promenade at Coconut Creek (Coconut Creek, FL), Sharon Square, Morrison Yard, and The Bend (Chattanooga, TN), serving institutional clients across 29 states with over 20 million square feet of managed, leased, or developed properties.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Conceptualization Strategic planning and pre-development division offering feasibility studies, market research, merchandising research, and investment analysis for retail and mixed-use development projects; serves institutional investors, developers, and landowners evaluating new or repositioned assets.
• Project Implementation Development execution division handling acquisitions, design management, construction management, and merchant recruitment to ensure successful asset delivery for retail and mixed-use properties; serves institutional clients, joint-venture partners, and ownership entities.
• Property/Asset Management Ongoing asset management services including operations, tenant relations, consumer marketing, and accounting for retail and mixed-use properties; primarily serves institutional third-party owners across 29 states and internationally.
• The Town Center at Levis Commons 319,000 square foot upscale experiential mixed-use lifestyle center in Perrysburg, OH featuring over 90 retailers, specialty stores, restaurants, and services; developed, managed, and leased by Hill Partners since 2004. Sold by Hill Partners on May 28, 2026.
• Specialty Shops SouthPark Open-air shopping center in Charlotte, NC's SouthPark submarket offering sophisticated upscale shopping and dining with a courtyard-inspired atmosphere; acquired and managed by Hill Partners since 2014.
• Promenade at Coconut Creek Open-air mixed-use lifestyle center on 22.94 acres in Coconut Creek, FL, anchored by Silverspot Cinema and Guitar Center with over 50 retailers, restaurants, and offices; acquired and managed by Hill Partners since 2016.

Quantifiable outcome

• Over $600 million in value created through leasing/development
• +2 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Urban Story VenturescoreStrategic or Co-development Partner · 1 December 2023Hill Partners partnered with Urban Story Ventures for The Bend mixed-use project in Chattanooga, TN. Hill Partners joined the development team to focus on the commercial area of the project, specifically the retail, office, and entertainment space that will serve as the heart of the master-planned riverfront development.
• Promenade at Coconut Creek (Acquisition)coreOthers · 1 April 2016Hill Partners acquired Promenade at Coconut Creek in April 2016, continuing the legacy of this popular mixed-use lifestyle shopping center opened in 2008. The center features over 50 retailers, specialty stores, restaurants, and offices.

Scale indicators7 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• The Howard Hughes Corporation: A publicly-traded master-planned community and mixed-use developer at meaningfully larger scale. Comparable in master-planned mixed-use development, particularly given Hill Partners' role on The Bend in Chattanooga, though broader in scope.
• GID Investment Advisers: A vertically-integrated real estate investment and operating platform with mixed-use development capabilities. Comparable in mixed-use development and institutional capital partnerships, though more diversified across asset classes.

Direct peers

• Federal Realty Investment Trust: A publicly-traded REIT focused on open-air, mixed-use, and lifestyle shopping centers in high-density U.S. markets. Most directly comparable to Hill Partners in tenant curation, mixed-use development, and institutional third-party services orientation.
• Brixmor Property Group: A large open-air shopping center owner and operator with a national footprint. Comparable in asset scale, third-party management discipline, and tenant-mix strategy to Hill Partners' institutional mandate business.
• Steiner + Associates: A privately-held lifestyle center developer and manager known for Easton Town Center. Directly comparable in private operating model, lifestyle/mixed-use development expertise, and long-term institutional capital partnerships.
• CBL & Associates Properties: A retail real estate operator and developer with a portfolio of open-air and lifestyle centers. Comparable in retail-centric development, third-party management services, and merchant recruitment capabilities.
• Kite Realty Group Trust: A retail-focused REIT operating open-air shopping centers in high-growth U.S. markets. Comparable in lifestyle-center orientation, mixed-use capability, and tenant relationship-driven leasing approach.
• North American Properties: A privately-held, Southeast-focused mixed-use real estate developer and operator. Closely comparable to Hill Partners in private ownership, regional lifestyle-center focus, and integrated development/management model.
• The Taubman Company: A retail real estate investment trust specializing in best-in-class shopping and mixed-use destinations. Comparable in focus on premium retail, merchant curation, and high-end mixed-use development similar to Hill Partners' lifestyle centers.
• Regency Centers Corporation: A grocery-anchored and lifestyle shopping center REIT with deep merchant relationships. Comparable to Hill Partners in retail tenant recruitment, mixed-use expertise, and focus on premium suburban markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hill-partners-inc.
• Instagraminstagram.com/hillpartnersinc
• Pinterestpinterest.com/hillpartnersinc
• Xx.com/hillpartnersinc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Hill Partners