What Sleiman Enterprises does

Sleiman Enterprises is a privately held, family-owned commercial real estate company headquartered at 1 Sleiman Parkway in Jacksonville, Florida, founded in 1955 by Eli and Josephine Sleiman after they immigrated from Lebanon. The company owns, develops, leases, and manages a portfolio of more than 90 open-air, grocery-anchored retail shopping centers totaling over 5 million square feet across Florida, Georgia, Tennessee, and Virginia, serving approximately 1,000 tenants that range from national anchor retailers such as Publix, Target, Harris Teeter, and Winn-Dixie to regional brands and independent local operators. Its business is vertically integrated across four operating pillars: retail property development, leasing and tenant placement, property and asset management, and construction services delivered through its wholly owned subsidiary TCI Construction (Target Contractors Inc., recognized among the Top 20 contractors in Northeast Florida).

Name

Sleiman Enterprises

Legal name

Sleiman Enterprises

Website

https://sleiman.com

Company type

Private

Founded year

1955

Operating status

Operating

Headcount range

11–50 employees

Short description

Sleiman Enterprises is a Jacksonville-based, family-owned commercial real estate developer founded in 1955, owning and managing 90+ open-air shopping centers totaling over 5 million square feet across the Southeast, serving approximately 1,000 national and local retail tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Lessors of Real Estate (5311), Real Estate Property Managers (53131)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Retail Property Management (BPAJAGAB)

akta.pro secondary industries

Retail Real Estate Asset Management (BPAJAMAF), Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Commercial real estate
• Retail property leasing
• Shopping center development
• Property management services
• Grocery-anchored retail

Headquarters

HQ city

Jacksonville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Real Estate Ownership and Rental Income: Sleiman Enterprises owns and manages over 5 million square feet of retail space across 90+ properties. The company earns rental income from tenants occupying its open-air shopping centers throughout Florida, Georgia, Tennessee, and Virginia.
2. Property Management Services: Asset Management and Property Management support services are offered through internal departments, generating fee income from managed properties.
3. Real Estate Development and Construction: TCI Construction (Target Contractors Inc) is an affiliated construction company that performs tenant build-outs and renovations on Sleiman properties, generating construction revenue as both a cost center and fee generator.
4. Leasing Commissions and Transaction Fees: The leasing team earns commissions on new tenant placements and lease renewals across the portfolio, including specialty leasing arrangements.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels10 records

Core offering

Sleiman Enterprises owns, develops, leases, and manages a portfolio of more than 90 grocery-anchored and open-air shopping centers totaling 5+ million square feet across Florida, Georgia, Tennessee, and Virginia. The company delivers the full retail real-estate lifecycle — site acquisition, ground-up development, leasing, asset and property management, and construction — through its TCI Construction subsidiary, serving national, regional, and local retail tenants.

Product overview

Sleiman Enterprises operates as a vertically integrated commercial real estate company offering development, property management, construction (via TCI), leasing, and acquisition services. The company manages a portfolio of over 90 retail properties totaling more than 5 million square feet across Florida, Georgia, Tennessee, and Virginia. Their business model centers on owning and developing outdoor, open-air retail centers anchored by grocery stores (such as Publix, Harris Teeter, Winn-Dixie) and national retailers. The company was founded in 1955 by Eli and Josephine Sleiman and is currently led by their sons Toney, Joseph, and Eli Jr. As a commercial real estate operator, Sleiman Enterprises does not offer a technology product, API, or AI-powered software platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Property Development Ground-up development of grocery-anchored and open-air shopping centers for the firm's own portfolio across Florida, Georgia, Tennessee, and Virginia; serves national and regional retail and grocery tenants seeking high-quality retail locations in the Southeastern U.S.
• Leasing Services Direct leasing of anchor, in-line shop, end-cap, and pad-site space within Sleiman's owned shopping centers to national, regional, and local retail tenants (e.g., Publix, Target, Lowe's, Home Depot, Walmart, The Vitamin Shoppe, Best Buy, TJX and local small-business tenants).
• Property and Asset Management Ongoing property operations, maintenance, tenant coordination, and asset management for Sleiman's 90+-property, 5+ million-square-foot retail portfolio across FL, GA, TN, and VA.
• Acquisitions and Dispositions Strategic buying and selling of retail real estate assets in the Southeastern U.S. to grow, reshape, and recycle capital within the firm's portfolio across Florida, Georgia, Tennessee, and Virginia.
• TCI Construction (Target Contractors, Inc.) In-house construction services provided through Sleiman's subsidiary TCI Construction (Target Contractors, Inc.), delivering tenant build-outs, renovations, and ground-up construction for Sleiman-owned shopping centers and select third-party clients.

Quantifiable outcome

• Achieved 96% occupancy at Delray Square following 2019 redevelopment
• +2 more outcomes

Named customers22 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

Four partnerships are on record, tiered minor and core.

• V for VictoryminorStrategic or Co-development Partner · 3 June 2022Sleiman Enterprises partners with V for Victory, a 501(c)(3) nonprofit supporting families fighting cancer in Jacksonville. Sleiman donated retail space in one of its properties to house the nonprofit and its Project LEGO initiative, which provides Lego sets to pediatric oncology patients at Wolfson Children's and Nemours hospitals.
• Nathan Stuart / Outback Crab ShackcoreStrategic or Co-development Partner · 22 July 2021Sleiman Enterprises bought the Outback Crab Shack property in St. Augustine and is developing a new riverfront restaurant to be operated by Nathan Stuart (a seafood restaurateur with six locations). Sleiman will oversee construction and remain owner/developer. The restaurant will feature a 1,500-foot dock accessible from the river.
• Freedom Boat ClubminorStrategic or Co-development Partner · 22 July 2021Partnered with Outback Crab Shack's riverfront development, Freedom Boat Club will provide members access to the 1,500-foot dock at the new Outback Crab Shack location, creating a boating destination in St. Augustine.
• Raydient Places + PropertiescoreStrategic or Co-development PartnerSleiman Enterprises partnered with Raydient Places + Properties to develop The Crossings at Wildlight shopping center in Nassau County, Florida. Sleiman developed the 80,000+ SF Publix-anchored center as the first grocery store in the Wildlight community. Raydient is a taxable subsidiary of Rayonier Inc., a REIT developing the master-planned Wildlight community.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Regency Centers: Public retail REIT focused on grocery-anchored shopping centers across high-growth US markets. Sleiman pursues the same asset class and tenant strategy (Publix, Harris Teeter) at a privately held, Southeast-focused scale.
• Kimco Realty: One of the largest publicly traded retail REITs with a focus on open-air shopping centers. Comparable operating model of owning, leasing, and managing grocery-anchored centers with national tenant rosters.
• Brixmor Property Group: Public REIT owning and operating open-air shopping centers primarily grocery-anchored. Highly comparable to Sleiman's portfolio composition and tenant mix.
• Phillips Edison & Company: Public REIT focused on grocery-anchored necessity-based neighborhood shopping centers. Overlaps with Sleiman in strategy, tenant base (Publix, Kroger-affiliated), and open-air format.
• Federal Realty Investment Trust: Public REIT owning and operating high-quality retail centers, including grocery-anchored assets. Comparable vertically integrated ownership, leasing, and asset management approach.
• Kite Realty Group Trust: Public retail REIT from which Sleiman acquired Lakewood Promenade in 2019. Comparable open-air shopping center strategy and tenant base; Sleiman's first major acquisition came from this peer.
• Site Centers: Public REIT focused on open-air shopping centers with an emphasis on necessity and value-oriented retail. Comparable asset class, though typically higher-density urban and suburban locations.
• Weingarten Realty Investors: Acquired by Kimco in 2022, formerly one of the largest US grocery-anchored shopping center owners. Sleiman's open-air grocery-anchored model mirrors the Weingarten operating playbook.
• RPT Realty: Public REIT (now private following Kimco acquisition) focused on open-air shopping centers in select US markets. Comparable tenant strategy and asset class focus.

Others

• Cohen & Steers: Large asset manager specializing in real estate securities and real assets. Adjacent ecosystem participant relevant to how private commercial real estate operators like Sleiman interact with institutional capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/sleimanent
• YouTubeyoutube.com/channel/UCsPmmcLFVPnPV0AHbrRd3vQ
• Facebookfacebook.com/SleimanEnterprises
• LinkedInlinkedin.com/company/sleimanenterprises
• Instagraminstagram.com/sleiman_enterprises/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

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 Sleiman Enterprises