Butters

What Butters does

Butters Construction & Development is a privately held, vertically integrated commercial real estate firm founded in 1989 and headquartered in Boca Raton, Florida (with a construction operations office in Coconut Creek). The firm delivers end-to-end real estate services — construction, development, investment, property management, and brokerage — across industrial, office, retail, and select hospitality asset classes. Over a 36-year operating history, Butters has built more than 28 million square feet of commercial real estate valued at over $5 billion and currently owns and manages a portfolio of approximately 3 million square feet spanning South Florida and select Southeast US markets. The firm has been recognized seven times as NAIOP South Florida Developer of the Year and ranks #1 on the South Florida Business Journal Top Commercial Real Estate Developers list.

The operating platform is organized into wholly-owned subsidiaries: Butters Realty & Management handles brokerage, leasing, and property management; Butters Acquisitions, LLC sources and executes investment opportunities; and the construction division delivers projects in-house with company superintendents and project managers. Technology consists of standard commercial real estate software — Yardi and M.R.I. for property management and Timberline for construction management — with no proprietary AI/ML or technology differentiation disclosed. The firm has expanded into adjacent formats such as Boca Paddle (a 100,000 SF indoor racquet sports facility with CityPickle) and mixed-use projects combining multifamily and industrial.

Revenue is generated through four streams: development and construction fees on projects built as general contractor or co-developer, property management fees on owned and third-party assets, leasing and brokerage commissions through Butters Realty & Management, and equity participation in co-investments with institutional capital partners. Pricing is quote-based per project with multi-year contracts on managed assets. The go-to-market model is relationship-driven: long-standing co-development relationships with institutional capital partners (First Industrial Realty Trust, Greystar, BentallGreenOak, BlackRock, Bristol Group, Blackstone, PEBB Enterprises, Whitman Peterson, Woodmont Industrial Partners) supply deal flow, while in-house brokerage and NAIOP industry leadership drive leasing pipeline and end-user tenant relationships with logistics (Amazon, FedEx, Walmart), retail (Publix, Starbucks), and corporate occupiers (Pepsi).

Name

Butters

Legal name

Butters Construction & Development, Inc.

Website

https://butters.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Short description

Butters Construction & Development is a privately held, vertically integrated South Florida real estate firm (founded 1989) delivering construction, development, investment, property management, and brokerage services to institutional capital partners and corporate tenants across industrial, office, and retail assets.

Ownership category

akta.pro rank

Headquarters

HQ city

Coconut Creek

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Construction & Development Fees: Butters serves as general contractor and developer on commercial real estate projects, earning development fees and construction margin on projects it builds. Projects range from speculative developments to build-to-suit assignments for corporate tenants.
2. Property Management & Leasing: Butters Realty & Management provides property management and commercial brokerage (landlord and tenant representation) services, earning management fees and leasing commissions on third-party and owned assets. The company's own portfolio totals approximately 3 million square feet of owned and managed properties.
3. Real Estate Investment & Acquisitions: Through Butters Acquisitions, LLC and co-investment with capital partners, the firm participates in the upside of real estate ownership, acquiring and repositioning assets. The company has a track record of building more than 28 million square feet valued at over $5 billion.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Butters is a vertically integrated commercial real estate firm that provides construction, development, investment, property management, and brokerage/leasing services for industrial, office, and retail properties. The firm has built more than 28 million square feet of commercial real estate valued at over $5 billion across South Florida, with an owned and managed portfolio of approximately 3 million square feet. Butters serves as general contractor, developer, property manager, and broker on behalf of institutional capital partners, REITs, private equity firms, and corporate tenants.

Product overview

Butters is a vertically integrated real estate service company offering a unified platform of commercial real estate services. The core product portfolio comprises Construction & Development (building commercial properties), Brokerage (leasing, tenant representation, sales), Property Management, Build To Suit (custom development), Acquisitions & Investments, and Property Listings. Named project brands include industrial parks such as First Park Miami (2.5M SF, Medley), Miami Midway (500K SF industrial + 360 multifamily units, Miami), Hillsboro Technology Center (1M SF, Deerfield Beach), First Sawgrass Commerce Center, Boca Logistics Park, Power Logistics, Pinetree Logistics, and Hoerbiger; recreational facilities like Boca Paddle (100,000 SF racquet sports); and mixed-use projects like BC Commerce Center The District. Projects span industrial, office, retail, hospitality, and multifamily sectors throughout South Florida.

Differentiator

Problem solved

Functional benefit

Products and services

• Construction & Development

Quantifiable outcome

• 28+ million square feet built and $5 billion+ in development value over 36-year history
• +3 more outcomes

Named customers20 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Nine partnerships are on record, tiered core, major and minor.

• PEBB EnterprisescoreStrategic or Co-development Partner · 27 April 2026Butters and PEBB Enterprises, both Boca Raton-based commercial real estate firms, formed their first partnership to acquire two multi-tenant office buildings in Boca Raton for $26.15 million. The two buildings total 59,667 square feet and are 75% occupied. Both firms will leverage their deep local expertise and operational capabilities to enhance the properties through strategic upgrades and leasing. The acquisition was financed by Abanca.
• BentallGreenOakmajorStrategic or Co-development Partner · 4 May 2022Butters Group and BentallGreenOak announced partnership for development of Gulf Landing Logistics Center in Fort Myers, FL. BentallGreenOak is a globally active real estate investment management firm. The partnership leverages both firms' development capabilities.
• GreystarcoreStrategic or Co-development Partner · 1 January 2021Butters and Greystar formed a joint venture to develop Miami Midway, a mixed-use project with 360 multifamily units and 500,000 SF of industrial space on 45 acres acquired from Terra Group for $53 million. Total project value exceeds $200 million upon completion in 2023. Greystar handles the multifamily component while Butters leads industrial development. Whitman Peterson serves as capital partner for the industrial component.
• Terra GroupminorOthers · 1 January 2021Terra Group sold 45 acres at NW 97th Avenue and NW 170th Street in Miami to the Butters/Greystar joint venture for $53 million. Terra Group is a Miami-based real estate developer. CBRE introduced Butters & Greystar to the opportunity.
• First Industrial Realty TrustcoreStrategic or Co-development Partner · 3 December 2020First Industrial Realty Trust and Butters co-developed First Park Miami, one of the largest Class A industrial parks in South Florida. Located on 126 acres in Medley, FL, the project will comprise up to 2.5 million square feet of logistics space in up to 13 buildings. Butters serves as general contractor. First Industrial owns the project entirely. Butters has co-developed multiple projects with First Industrial across Broward and Miami-Dade counties.
• Bristol GroupcoreStrategic or Co-development PartnerBristol Group and Butters co-developed Hillsboro Technology Center, a 75-acre, 1M+ SF Class A business park at I-95 and Hillsboro Boulevard in Deerfield Beach. The project includes industrial, office, and hotel components. Butters handled construction and leasing. Bristol Group is a nationally active RE firm with $2.5B+ in acquired/develop/redeveloped assets. The partnership has delivered multiple phases and additional spec buildings.
• Woodmont Industrial PartnersmajorStrategic or Co-development PartnerButters and Woodmont Industrial Partners partnership for a 75,000-SF industrial property in Lake Worth, Florida that was fully leased. Joint effort between the two firms for development, leasing, and asset management.
• Samet CorporationminorStrategic or Co-development PartnerButters joined forces with Samet Corporation (Greensboro, NC) to develop a 350,000 SF speculative building on 30 acres at Triad Business Park in Kernersville, NC. Butters contributed South Florida industrial development expertise to the partnership with Samet handling the North Carolina market operations.
• Blackstone (B9 NW 97th Avenue Owner LLC)majorStrategic or Co-development PartnerBlackstone acquired an 8.36-acre industrial development site in Doral for $21 million. Butters serves as the local development partner for the project, which received city approval for 600,082 SF of warehouses. Butters brings local market expertise and development capabilities while Blackstone provides capital.

Scale indicators8 records

Recent moves10 records

Expansion highlights7 records

Direct peers

• Stiles Corporation: Fort Lauderdale-based vertically integrated commercial real estate firm covering development, construction, brokerage, and property management across South Florida. Closely comparable to Butters in geography, service mix, and capital partner relationships.
• PEBB Enterprises: Boca Raton-based commercial real estate developer, owner, and operator with a South Florida focus. Direct comparable to Butters; the two firms formed their first JV in April 2026 to acquire Boca Raton office buildings.
• Bristol Group: San Diego-based national real estate investment and development firm ($2.5B+ AUM). Repeat co-development partner with Butters on Hillsboro Technology Center and Coral Springs office acquisitions; directly comparable on industrial/business park development.
• Codina Partners: South Florida-based commercial real estate development and investment firm active across office, industrial, and mixed-use. Operates in overlapping submarkets with Butters and competes for similar institutional capital partners.
• Ocean Bank / Terra Group: Miami-based real estate developer active in South Florida mixed-use, multifamily, and industrial projects. Sold 45 acres to the Butters/Greystar JV for Miami Midway; operates as both a peer developer and a land seller in the same geography.

Broad incumbents

• First Industrial Realty Trust: Public industrial REIT and Butters' most significant repeat co-development partner (First Park Miami and others). Larger scale and broader geography, but directly comparable on the industrial development thesis in South Florida.
• Greystar Real Estate Partners: Global multifamily and real estate investment platform and Butters' JV partner on Miami Midway. Operates at vastly larger scale but is a directly relevant institutional peer in South Florida development.
• Link Logistics (Blackstone): Largest US-owned industrial real estate portfolio, affiliated with Blackstone. Select customer/tenant relationship with Butters; competes for the same infill South Florida industrial tenants and development sites.
• Cushman & Wakefield: Global commercial real estate services firm with tenant representation, leasing, and property management. Caroline Fleischer joined Butters from Cushman & Wakefield; the firms compete for South Florida office and industrial agency assignments.
• CBRE Group: World's largest commercial real estate services firm. Acted as transaction intermediary introducing Butters to the Miami Midway land deal; competes with Butters Realty & Management's brokerage arm for leasing and tenant rep mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Butters_GroupRE
• YouTubevimeo.com/user66730509
• Facebookfacebook.com/buttersgroup
• LinkedInlinkedin.com/company/butters-group
• Instagraminstagram.com/butters_groupre

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries2 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 Butters