HRP Group
HRP Group is a vertically integrated real estate investment firm that redevelops obsolete industrial brownfield sites into logistics, mixed-use, and innovation campuses across eight major US markets, serving enterprise tenants with build-to-suit facilities under a $2.6B asset base.
- Company typePrivate
- Founded2011
- HeadquartersChicago, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What HRP Group does
HRP Group (formerly Hilco Redevelopment Partners) is a vertically integrated, multi-strategy real estate investment firm founded in 2011 that specializes in the redevelopment of obsolete and environmentally distressed industrial sites into modern logistics infrastructure, mixed-use destinations, and innovation campuses. The company owns or controls approximately 23 million square feet across 2,300 acres in eight major US markets, anchored by mega-scale projects including the 3,300-acre Tradepoint Atlantic in Baltimore, the 1,300-acre Bellwether District in Philadelphia, 776 Summer in Boston, HRP Alexandria on the Virginia waterfront, Hudson and Mercer in New Jersey, and Exchange 55 in Chicago. Its underlying capability stack combines site acquisition, environmental remediation, permitting and entitlement management, construction management, and direct leasing under one platform, supported by regulatory expertise that has secured major public incentives including a $135M Alexandria TIF and Pennsylvania Keystone Opportunity Zone benefits through 2043. Revenue is generated through three streams: asset management fees on its $2.6 billion AUM (with a first value-add third-party fund targeted for late 2025), one-time development and build-to-suit project revenue (e.g., the $450M TerraPower Isotopes and $195M DrinkPAK facilities at Bellwether), and recurring rental income from leased industrial, manufacturing, and commercial space. Following its September 2025 spinout from Hilco Global, HRP now operates as a standalone, management-led platform led by CEO and co-founder Roberto Perez, with CIO Andrew Chused and COO Ben Spera, and distribution executed through exclusive leasing relationships with JLL and Newmark, direct enterprise tenant engagement, and public-private partnerships with municipal governments.
HRP Group firmographics
Firmographics- Name
- HRP Group
- Legal name
- HRP Group
- Website
- https://hrpgroup.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- HRP Group is a vertically integrated real estate investment firm that redevelops obsolete industrial brownfield sites into logistics, mixed-use, and innovation campuses across eight major US markets, serving enterprise tenants with build-to-suit facilities under a $2.6B asset base.
- Ownership category
- akta.pro rank
Where HRP Group is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
HRP Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Real Estate Investment Management: Asset management fees from owned properties and AUM; targets launch of first value-add investment fund in late 2025
- Development and Redevelopment: Revenue from transforming obsolete industrial sites into logistics, mixed-use, and innovation campuses; includes construction management and project delivery
- Property Leasing and Management: Income from leasing industrial, manufacturing, and commercial space across portfolio including Bellwether District, Tradepoint Atlantic, and other properties
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
HRP Group product offering
Product offeringCore offering
HRP Group is a vertically integrated real estate investment firm specializing in the acquisition, environmental remediation, permitting, construction management, and leasing of obsolete industrial brownfield sites, transforming them into modern logistics, mixed-use, and innovation campuses for enterprise tenants and institutional partners.
Product overview
HRP Group is a vertically integrated, multi-strategy real estate investment company specializing in the transformation of obsolete industrial sites. The company operates as a unified platform managing multiple redevelopment projects across major US markets, including: The Bellwether District (Philadelphia logistics/innovation campus), 776 Summer (Boston mixed-use), HRP Alexandria (Virginia waterfront development), Tradepoint Atlantic (Baltimore logistics), Hudson (Jersey City logistics), Mercer (New Jersey logistics), and Exchange 55 (Chicago industrial). The portfolio spans approximately 23 million square feet across 2,300 acres in 8 major US markets. The company also operates the HRP Impact Foundation for community development initiatives.
Differentiator
Problem solved
Functional benefit
Products and services
- The Bellwether District
- 776 Summer
- HRP Alexandria
- Tradepoint Atlantic
- Hudson
- Mercer
- Exchange 55
Quantifiable outcome
- 16% reduction of CO2 emissions for PHL after refinery closure at Bellwether District
- +5 more outcomes
Companies that use HRP Group
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
HRP Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
HRP Group partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, flagship and minor.
- City of AlexandriacoreAlexandria City Council approved $135 million Tax Increment Financing (TIF) package for redevelopment of former Potomac River Generating Station. TIF split over two phases, backed by project's future tax revenue. Projected to generate $770 million in net new revenue for the city over TIF life.
- TerraPower IsotopesflagshipTerraPower Isotopes (Bill Gates-founded nuclear company) selected Bellwether District for its $450 million, 250,000-square-foot actinium-225 manufacturing facility. The project will create 225 full-time jobs and establish Philadelphia as a global hub for cancer-fighting radioisotope production. TerraPower evaluated 350+ sites nationwide before selecting Bellwether District.
- Commonwealth of PennsylvaniacorePennsylvania DCED invested $10 million in TerraPower facility through PA SITES Program ($7M) and PA First grant ($3M). Additional $40 million in Transportation Infrastructure Improvement Funds for Bellwether District. Keystone Opportunity Zone tax benefits through 2043.
- JLLcoreJLL served as exclusive leasing agent for TerraPower Isotopes site selection, evaluating 350+ potential sites nationwide across 8 metropolitan areas. JLL represented TerraPower in the lease transaction at Bellwether District.
- DrinkPAKflagshipDrinkPAK, a leading canned beverage manufacturer, announced a $195 million investment to establish its first Pennsylvania manufacturing facility at Bellwether District. The 1.4 million square foot facility on 74.8 acres will serve as the company's flagship East Coast manufacturing hub, creating 174 jobs.
- NewmarkcoreNewmark represented DrinkPAK in its lease transaction for the 1.4 million square foot facility at Bellwether District, serving as the tenant's exclusive representative in negotiations.
- DB SchenkercoreDB Schenker, a leading global 3PL provider, signed long-term lease agreement at HRP Hudson Logistics Park in Jersey City, NJ.
- Philadelphia EaglesminorPartnership through Touchdowns for Sustainability program supporting environmentally focused nonprofits in South and Southwest Philadelphia. $51,000 in grant awards distributed to local organizations.
- National Park ServiceminorOngoing coordination with NPS regarding planned improvements to Mount Vernon Trail and George Washington Memorial Parkway corridor as part of Alexandria waterfront redevelopment.
- HRP Impact FoundationcoreHRP Impact Foundation launched in 2025 with $5.7M+ in community and workforce development contributions to date and $1.5M+ commitment to Community Investment Fund. Foundation focuses on environmental renewal, job creation, and community revitalization.
Scale indicators10 records
Recent moves7 records
Expansion highlights5 records
HRP Group competitors and assessment
Company assessmentEmerging players
- Five Point Holdings: Large-scale master-planned community and mixed-use developer focused on transforming underutilized and former industrial land. Comparable to HRP on the large-acreage redevelopment and mixed-use thesis (776 Summer, HRP Alexandria), though more weighted toward residential master planning.
Direct peers
- Terreno Realty Corporation: Industrial REIT focused on infill logistics properties in six major US coastal markets including the Northeast. Comparable to HRP on industrial ownership/leasing and emphasis on supply-constrained infill locations, though at smaller scale and with a pure-REIT model.
- Hillwood: Privately held industrial and commercial real estate developer founded by Ross Perot Jr., with a major industrial/logistics portfolio including AllianceTexas and Northeast/Mid-Atlantic assets. Comparable to HRP as a vertically integrated, privately held industrial developer building large-scale logistics campuses for enterprise tenants.
- First Industrial Realty Trust: US-focused industrial REIT that develops, owns, and operates Class A logistics and light industrial properties in major US markets. Closely comparable to HRP on industrial development activity, tenant profile (logistics, advanced manufacturing), and geographic focus, though First Industrial is a public REIT versus HRP's private brownfield redevelopment model.
- Cherokee Investment Partners: Pioneer in brownfield and opportunistic real estate investing, focused on redeveloping underutilized and environmentally impacted industrial sites. Closely comparable to HRP on the brownfield thesis, environmental remediation expertise, and public-private partnership model, though historically more weighted toward office and mixed-use outcomes.
- EastGroup Properties: Sun Belt-focused industrial REIT developing and owning Class A distribution and light industrial properties. Comparable to HRP on tenant profile and industrial development activity, though HRP's Northeast/Mid-Atlantic concentration and brownfield model are clear differentiators.
Broad incumbents
- Prologis: Global industrial REIT and the largest owner/developer of logistics real estate in the US. Directly comparable to HRP on the industrial/logistics end of its portfolio (Bellwether, Tradepoint, Hudson, Mercer, Exchange 55), though Prologis operates at vastly greater scale and on greenfield as well as brownfield sites.
- Brookfield Asset Management (Real Estate): One of the world's largest real estate investors with substantial US industrial/logistics exposure including last-mile and port-adjacent assets. Overlaps with HRP on industrial investment thesis and tenant base but operates as a global fund manager rather than a brownfield redevelopment specialist.
Others
- Hilco Global: Former parent of HRP and a diversified asset valuation and disposition firm. Relevant as the originator of HRP's brownfield playbook and as a potential source of future deal flow, but operates in adjacent (specialty finance, asset disposition) rather than directly overlapping businesses.
Regional players
- McShane Construction Company: National construction services firm with deep industrial and logistics build-to-suit experience across the US. Overlaps with HRP on the construction/delivery side of industrial development and could be a subcontractor or partner on HRP's build-to-suit projects.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
HRP Group social profiles
Digital presenceHRP Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
HRP Group leadership team
Management profileNumber of profiles
Profiles3 records
HRP Group subsidiaries and ownership
Company hierarchySubsidiaries1 record
HRP Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HRP Group 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 HRP Group
What does HRP Group do?
HRP Group is a vertically integrated real estate investment firm specializing in the acquisition, environmental remediation, permitting, construction management, and leasing of obsolete industrial brownfield sites, transforming them into modern logistics, mixed-use, and innovation campuses for enterprise tenants and institutional partners.
Is HRP Group a public or private company?
HRP Group is a private company. It is classified as unknown and is currently operating.
When was HRP Group founded?
HRP Group was founded in 2011. It employs 51 to 100 people.
Where is HRP Group based?
HRP Group is headquartered in Chicago, United States, in the North America region.
How does HRP Group make money?
Three revenue lines are on record. Real Estate Investment Management is the primary driver. The others are development and Redevelopment and property Leasing and Management.
Who are HRP Group's main competitors?
Five Point Holdings is listed as an emerging player. Direct peers are Terreno Realty Corporation, Hillwood, First Industrial Realty Trust, Cherokee Investment Partners and EastGroup Properties. Broad incumbents are Prologis and Brookfield Asset Management (Real Estate). Hilco Global is listed as an others. McShane Construction Company is listed as a regional player.
Does HRP Group have an API?
No public API is recorded for HRP Group.