HRP Group

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.

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

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Investment Management: Asset management fees from owned properties and AUM; targets launch of first value-add investment fund in late 2025
2. Development and Redevelopment: Revenue from transforming obsolete industrial sites into logistics, mixed-use, and innovation campuses; includes construction management and project delivery
3. 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

Core 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

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Ten partnerships are on record, tiered core, flagship and minor.

• City of AlexandriacoreStrategic or Co-development Partner · 13 June 2026Alexandria 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 IsotopesflagshipStrategic or Co-development Partner · 17 March 2026TerraPower 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 PennsylvaniacoreStrategic or Co-development Partner · 17 March 2026Pennsylvania 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.
• JLLcoreChannel Partner/ Reseller/ Distributor · 17 March 2026JLL 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.
• DrinkPAKflagshipStrategic or Co-development Partner · 8 December 2025DrinkPAK, 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.
• NewmarkcoreChannel Partner/ Reseller/ Distributor · 8 December 2025Newmark 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 SchenkercoreChannel Partner/ Reseller/ Distributor · 22 June 2023DB Schenker, a leading global 3PL provider, signed long-term lease agreement at HRP Hudson Logistics Park in Jersey City, NJ.
• Philadelphia EaglesminorStrategic or Co-development PartnerPartnership 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 ServiceminorStrategic or Co-development PartnerOngoing coordination with NPS regarding planned improvements to Mount Vernon Trail and George Washington Memorial Parkway corridor as part of Alexandria waterfront redevelopment.
• HRP Impact FoundationcoreOthersHRP 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

Emerging 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

• Xx.com/thehrpgroup
• LinkedInlinkedin.com/company/hrpgoup

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 HRP Group