TRIO Commercial Property

What TRIO Commercial Property does

TRIO Commercial Property Group is a full-service commercial real estate brokerage and property management firm headquartered in Louisville, Kentucky, founded in 2011. The firm operates across four integrated service lines — Brokerage, Property Management (delivered through its wholly-owned subsidiary TRIO Property Management), Development Services, and Investment Sales — and serves clients in five vertical sectors: Retail, Industrial, Office, Healthcare, and Non-Profit. Its operating geography spans Kentucky, Tennessee, and Southern Indiana, with brokerage and property management licenses also held in South Carolina. TRIO holds professional affiliations with ICSC (since 1998), SIOR, and CCIM, and is a board member of X-Team Retail Advisors, a network of 350+ retail real estate affiliates across 40 U.S. markets.

The firm's revenue model is a mix of transaction-based commissions (brokerage leasing and sales, investment sales acquisitions and dispositions), recurring management fees on the 3,000,000+ square-foot managed portfolio, and professional services fees for development advisory work. It targets corporate and institutional owners, REITs, pension funds, family offices, and high-net-worth investors on the capital side, and national, regional, and local tenants and owner-occupiers on the occupier side. Named enterprise clients include ALDI, Kroger, Big Lots, Dutch Bros Coffee, Texas Roadhouse, Tesla, Emerson, UofL Health, Baptist Healthcare, Optum, Farm Credit Mid-America, ARGI, and the Greater Louisville YMCA. The anchor relationship is with Weston Properties, a Cleveland-based family-owned real estate company, for which TRIO manages a 1.8 million square-foot Louisville industrial portfolio across five assets at over 95% occupancy.

The founding partners — Justin Baker (Principal Broker), Michael Tabor, Frank Bellis, and Seth Edens — collectively bring prior tenure at CBRE, CB Richard Ellis, and Shoe Sensation, and the firm advertises 125+ years of combined team experience alongside $2 billion+ in cumulative completed transactions. There is no proprietary technology platform; service delivery is relationship-driven, credentialed (SIOR, CCIM, MAI designees), and supported by standard CRE tools. Headcount is approximately 17, spanning principals, brokers, property managers, marketing, accounting, and administrative staff, and the company is privately held with no institutional or private equity backing identified.

Name

TRIO Commercial Property

Legal name

TRIO Commercial Property Group

Website

https://triocpg.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

TRIO Commercial Property Group is a Louisville-based, full-service commercial real estate brokerage and property management firm serving retail, industrial, office, healthcare, and non-profit clients across Kentucky, Tennessee, and Southern Indiana, with $2B+ in cumulative transactions and 3,000,000+ SF under management.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Offices of Real Estate Agents and Brokers (53121), Nonresidential Property Managers (531312), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Tenant Representation & Corporate Services Brokerage (BPAJABAJ)

akta.pro secondary industries

Mixed-Use Property Management (BPAJAGAE), Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL), Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Commercial real estate brokerage
• Property management services
• Investment sales advisory
• Tenant representation services
• Commercial real estate development

Headquarters

HQ city

Louisville

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, Others

Revenue model

1. Brokerage Services: Commission-based brokerage services for buyers, sellers, landlords, tenants, developers, and investors across all commercial property types. Revenue generated through transaction commissions on leasing and sales deals.
2. Property Management: Full-service property management for retail, industrial, office, healthcare, and mixed-use properties. Manages over 3,000,000 SF of real estate. Revenue generated through management fees.
3. Investment Sales: Acquisitions and dispositions of income-producing assets. Guides investors through transactions to maximize value.
4. Development Services: Development expertise collaborating with developers across property types. Includes design, cost management, timelines, risk management through delivery.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

TRIO Commercial Property Group is a full-service commercial real estate brokerage and property management firm delivering brokerage, property management, development, and investment sales services across retail, industrial, office, healthcare, non-profit, and mixed-use property types. The firm manages more than 3,000,000 square feet of real estate and has completed over $2 billion in transactions for corporate, institutional, and private clients across Kentucky, Tennessee, and Southern Indiana. Its services span tenant representation, landlord representation, investment acquisitions and dispositions, full-service property management, and project development advisory from conception through delivery.

Product overview

TRIO Commercial Property Group is a full-service commercial real estate brokerage and property management firm offering four core services: Brokerage (sales, leasing, and advisory), Property Management (managing over 3,000,000 SF across multiple states), Development (project conception through delivery), and Investment Sales (acquisitions and dispositions of income-producing assets). The company operates across five property type sectors—Retail, Industrial, Office, Healthcare, and Non-Profit—with specialized expertise in each. Notable managed portfolios include the Weston Properties industrial portfolio (1.8M SF) and various medical office and retail redevelopments. The company has completed over $2 Billion in transactions with 125+ years of combined team experience.

Differentiator

Problem solved

Functional benefit

Products and services

• Brokerage Services Commercial real estate brokerage and advisory services for buyers, sellers, landlords, tenants, developers, and investors across retail, industrial, office, healthcare, and mixed-use property types. Provides market research, strategic leasing services, tenant representation, and landlord representation across Kentucky, Tennessee, and Southern Indiana.
• Property Management Full-service property management and brokerage for retail, industrial, office, healthcare, and mixed-use properties across Kentucky, Tennessee, and Southern Indiana, with more than 3,000,000 square feet of real estate under management and a portfolio occupancy above 95%.
• Development Services Development expertise collaborating with developers across diverse property types, providing design, cost management, timeline, risk management, and final delivery support to bring projects from conception through completion.
• Investment Sales Investment sales services guiding investors through acquisitions and dispositions of income-producing commercial real estate assets, leveraging market knowledge and transaction expertise to maximize value for buyers and sellers.
• Weston Properties Industrial Portfolio Management Leasing and management of Weston Properties' Louisville industrial portfolio, covering 5 industrial properties totaling more than 1.8 million square feet across Bluegrass Corporate Center, Jefferson Trade Center, Quantum Business Center, Riverport Distribution Center, and Westport Distribution Center, with portfolio occupancy above 95%.

Quantifiable outcome

• Over $2 billion in completed transactions
• +4 more outcomes

Named customers17 records

Segments6 records

Ideal customer profiles4 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.

• Weston PropertiescoreStrategic or Co-development PartnerTRIO Commercial Property Group manages the entire Louisville industrial portfolio for Weston Properties, a family-owned real estate company headquartered in Cleveland, Ohio with over 50 years of experience. The portfolio includes 5 industrial properties totaling over 1.8 million square feet across Bluegrass Corporate Center, Jefferson Trade Center, Quantum Business Center, Riverport Distribution Center, and Westport Distribution Center. Portfolio maintains over 95% occupancy.
• Society of Industrial and Office Realtors (SIOR)coreOthersProfessional affiliation organization representing top commercial real estate specialists globally with members in 42 countries. Multiple TRIO team members hold SIOR designation.
• X-Team Retail AdvisorscoreChannel Partner/ Reseller/ DistributorNetwork of over 350 retail real estate affiliate specialists located in 40 markets across the U.S. TRIO team members serve on the board of X-Team Retail Advisors, providing national reach for retail client representation.
• International Conference of Shopping Centers (ICSC)coreOthersMajor retail real estate industry association. TRIO has been a member since 1998. Team members participate in ICSC events and deal-making sessions.
• CCIM InstitutecoreOthersCertified Commercial Investment Member institute providing commercial real estate investment analysis education. Multiple TRIO team members hold CCIM designation.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• NAI Global: Worldwide network of independently owned commercial real estate firms offering brokerage and management across all property types. Comparable through shared CRE services model, though substantially larger and more geographically diverse.
• CBRE Group: Largest global commercial real estate services firm. TRIO's three founders all came from CBRE, and CBRE directly competes for the same institutional tenant-rep and capital-markets mandates TRIO pursues at a regional scale.
• Cushman & Wakefield: Global commercial real estate services firm offering brokerage, property management, and valuation. Competes with TRIO for enterprise retail, healthcare, and industrial mandates across Kentucky and Tennessee.
• Colliers International: Global real estate services and investment management firm with strong regional broker networks in the U.S. Southeast. Overlaps with TRIO on investment sales, tenant representation, and property management mandates.

Direct peers

• Semonin Realtors: Kentucky-based full-service residential and commercial real estate firm headquartered in Louisville. Comparable as a regional, multi-vertical CRE services firm operating in the same home market with overlapping brokerage and management lines.
• Marcus & Millichap: National investment real estate brokerage specializing in commercial property sales and financing. Comparable for TRIO's investment sales line of business, particularly for income-producing retail and industrial asset dispositions.
• Lee & Associates: National commercial real estate brokerage network with regional offices across the U.S. Comparable full-service brokerage and management model with a regional-office structure similar to TRIO's Kentucky/Tennessee/Indiana operation.
• Pluris Real Estate: Tennessee-headquartered commercial real estate firm providing investment sales, brokerage, and advisory services. Directly comparable as a mid-size, multi-vertical CRE firm in the same broader KY/TN regional corridor.
• NAI Isaac Commercial Properties: Lexington, KY-based member of the NAI Global network offering brokerage, property management, and development services across Kentucky and the Southeast. Directly comparable regional competitor in CRE brokerage and management.

Regional players

• Stirling Properties: Gulf Coast commercial real estate firm serving Louisiana, Mississippi, and Alabama. Comparable in size, service mix (brokerage, management, development), and full-service regional model, though operating in an adjacent regional market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/TRIOcpg
• Facebookfacebook.com/TRIOcpg
• LinkedInlinkedin.com/company/trio-commercial-property-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 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 TRIO Commercial Property