Sturges Property Group

What Sturges Property Group does

Sturges Property Group is a privately held, family-owned commercial real estate firm headquartered in Fort Wayne, Indiana, operating continuously since 1975. The company provides full-service brokerage (tenant and landlord representation, acquisitions, dispositions, and lease negotiations) and commercial property management across office, retail, industrial, medical office, mixed-use, and land asset classes throughout Northeast Indiana. Pricing is transaction-based for sales and leases (ranging from $190K land parcels to $17M+ investment portfolios, with lease rates of $6-$25 per SF/Yr depending on class), and recurring/managed for property management engagements.

The firm is differentiated by an integrated platform of wholly-owned affiliates that bundle adjacent services around the core brokerage: Maintenance Management (24/7 property maintenance, est. 1982), Sturges Development Group (residential and commercial development, est. 1990), Nexus Technology Partners (IT and access control, rebranded mid-2010s from UCS), TI Source Project Management (tenant improvements and construction, launched 2020), and Mann's MEP (mechanical, electrical, plumbing, acquired 2024). This structure allows the company to capture revenue across the asset lifecycle—origination through ongoing operations—and to deliver single-vendor solutions that compete with national CRE platforms. The firm ended a 21-year CBRE affiliation in 2018 and rebranded to Sturges Property Group, refocusing on regional clients. Distribution is sales-led, executed by named brokers (including Barry Sturges as CEO, Brad Sturges as President, and a team of senior brokers and associates) supported by a property listings portal, newsletter, and CoStar presence. Revenue and headcount are not publicly disclosed.

Name

Sturges Property Group

Legal name

Sturges Company Holdings

Website

https://sturgesproperty.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

11–50 employees

Short description

Sturges Property Group is a family-owned Fort Wayne commercial real estate firm, founded 1975, providing brokerage, property management, investment advisory, and integrated construction, maintenance, IT, and MEP services across Northeast Indiana.

Ownership category

akta.pro rank

Headquarters

HQ city

Fort Wayne

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Real Estate Brokerage: Commissions from buying, selling, and leasing commercial properties including office, industrial, retail, land, and investment transactions across Northeast Indiana.
2. Commercial Property Management: Ongoing property management fees for commercial properties, including maintenance services through Maintenance Management sister company.
3. Project Management and Construction Services: Tenant improvement and construction management services through TI Source for renovation and build-out projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Sturges Property Group provides full-service commercial real estate brokerage (tenant and landlord representation, acquisitions, dispositions, lease negotiations) and commercial property management across Northeast Indiana, complemented by affiliated construction project management (TI Source), 24/7 property maintenance (Maintenance Management, Mann's MEP), IT services (Nexus Technology Partners), and development (Sturges Development Group) under the Sturges Company Holdings umbrella.

Product overview

Sturges Property Group is a full-service commercial real estate company operating as a platform of integrated services rather than a single software product. The core offerings include commercial real estate brokerage (tenant and landlord representation, acquisitions, dispositions), commercial property management, and investment advisory services. These core services are supplemented by a family of affiliate companies: TI Source Project Management (construction and tenant improvement services), Maintenance Management (24/7 property maintenance), Nexus Technology Partners (IT and access control services), Mann's MEP (mechanical, electrical, plumbing), and Sturges Development Group (real estate development). The company manages a diverse portfolio of commercial properties including retail, office, industrial, land, and mixed-use assets across Northeast Indiana.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Brokerage Full-service commercial real estate brokerage providing tenant representation, landlord representation, acquisitions, dispositions, and lease negotiations for office, industrial, retail, and land properties across Northeast Indiana.
• Commercial Property Management Full-service commercial property management providing 24/7 maintenance support, tenant relations, financial reporting, and property operations for commercial real estate assets owned by third-party investors and landlords.
• Investment Advisory Investment brokerage services including underwriting, market analysis, 10-year proforma projections, and guidance for commercial real estate acquisitions and portfolio investments targeting income-producing properties in Northeast Indiana.
• TI Source Project Management (Construction & Tenant Improvements) Project management services offering tenant improvements, construction services, FF&E and technology procurement, multi-site rollout management, development partner services, and subcontract services for commercial properties.

Quantifiable outcome

• Achieved 70-90% occupancy growth at 3030 Lake Avenue property (from 40% at closing)
• +2 more outcomes

Named customers4 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.

• Mann's MEPcoreImplementation/ SI/ Consulting Partner · 1 January 2024Local mechanical, electrical, and plumbing company acquired in 2024. Integrated with established family of companies and bolstered maintenance service offerings.
• TI Source Project ManagementcoreImplementation/ SI/ Consulting Partner · 1 January 2020Launched in 2020 to oversee tenant improvements and construction services. Provides project management, multi-site rollout management, development partner services, FF&E and technology procurement, and subcontract services. Ties together the company's real estate development, brokerage, property management, and maintenance services.
• Nexus Technology PartnerscoreTechnology or Integration · 1 January 2008Originally launched as UCS in the late 2000s, rebranded to Nexus Technology Partners in the mid-2010s. Northeast Indiana's provider of IT support and digital products including access control, managed IT services, and infrastructure support for commercial clients.
• Sturges Development GroupcoreStrategic or Co-development Partner · 1 January 1990Created in 1990 to lead residential and commercial development projects across the region, allowing the firm to grow beyond brokerage and property management and directly shape Fort Wayne's physical landscape. Developed major projects including Southtown Centre, Covington Meadows, Keystone Industrial Park, Inverness Lakes, and Dupont Business & Medical Park.
• Maintenance ManagementcoreImplementation/ SI/ Consulting Partner · 1 January 1982Full-service commercial property maintenance firm established in 1982 by founder Barry Sturges with Greg Petras. Provides 24/7 maintenance support to commercial properties. Originally started to support Sturges' real estate operations and remains operationally integrated with the company.

Scale indicators3 records

Recent moves12 records

Expansion highlights5 records

Broad incumbents

• Newmark Group: Global commercial real estate advisory and services firm with brokerage, property management, and investment sales capabilities. Comparable service mix to Sturges Property Group in commercial real estate intermediation, though operating at national/international scale.
• Cushman & Wakefield: Global commercial real estate services firm offering brokerage, property management, valuation, and advisory across all property types. Directly comparable to Sturges Property Group as a competitor in commercial brokerage and property management, but operating at vastly larger scale and geographic reach.
• CBRE Group: World's largest commercial real estate services firm. Particularly relevant peer because Sturges Property Group operated under a 21-year CBRE affiliation (1997-2018) before rebranding as an independent — Sturges effectively competes with its former parent affiliation.
• Colliers International: Global commercial real estate services and investment firm with brokerage, property management, and advisory services. Direct competitor in commercial brokerage and investment sales with comparable full-service positioning, though at much larger scale.
• JLL (Jones Lang LaSalle): Global real estate services and investment management firm offering brokerage, property management, and integrated services across commercial property types. Comparable to Sturges in service breadth but operating globally with significantly more resources.

Direct peers

• Lee & Associates: National commercial real estate brokerage firm with regional offices providing brokerage and property management services. Comparable to Sturges as a regional/mid-market commercial brokerage competing for similar clients in similar property types.
• NAI Global: Global commercial real estate brokerage network with member firms serving as local market specialists. Comparable to Sturges as a regional commercial brokerage offering tenant/landlord representation, investment sales, and property management through local market expertise.
• Marcus & Millichap: Commercial real estate investment sales and financing brokerage firm focused on investment property transactions. Comparable to Sturges' investment advisory and brokerage services, particularly relevant for the investor-client segment purchasing income-producing properties.
• SVN International: Commercial real estate brokerage franchise with member firms providing brokerage and property management services. Comparable to Sturges as a regionally-focused commercial brokerage offering similar sales, leasing, and management services to property owners and tenants.

Emerging players

• Crexi: Online commercial real estate marketplace and technology platform for property listings, auctions, and deal-making. Represents an emerging technology-enabled competitor that could disrupt traditional brokerage models like Sturges', though currently more of a marketing/comparison channel than a full-service competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/sturgespropertygroup1
• LinkedInlinkedin.com/company/sturgesproperty
• Instagraminstagram.com/sturgesco
• Xx.com/sturgesproperty

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries5 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 Sturges Property Group