What Hazen Enterprises does

Hazen Enterprises, Inc. is a family-owned commercial real estate company headquartered in Tucson, Arizona, that owns, leases, and manages commercial properties across multiple U.S. states. Founded in 1981 as Hazen Brothers Construction and rebranded to its current form in 1988, the company has assembled a portfolio exceeding 200,000 square feet spanning Southern Arizona and out-of-state markets including Indiana, Nebraska, Texas, Tennessee, and Pennsylvania. Property categories include retail, office, medical, mixed-use, and (historically) residential townhomes.

The company's revenue model is anchored on long-term triple-net (NNN) leases with national credit tenants — CVS, Chipotle, Whataburger, Chick-Fil-A, Amegy Bank, Raising Cane's, and Wells Fargo are named on the portfolio — supplemented by multi-tenant leasing arrangements with local and regional businesses across office, medical, and retail segments. Hazen operates an in-house maintenance and property operations capability, reducing reliance on third-party service providers and providing direct control over capital expenditure deployment and tenant service quality.

In 2018, Hazen divested its townhomes portfolio to focus exclusively on commercial real estate, narrowing strategic scope. In 2023, the company acquired the historic Congress Street property in downtown Tucson in partnership with Rio Nuevo, marking entry into mixed-use urban development. Brandt Hazen has served as President since 2001, providing more than two decades of executive continuity under family stewardship.

Name

Hazen Enterprises

Legal name

Hazen Enterprises, Inc.

Website

https://hazenenterprises.com

Company type

Private

Founded year

1981

Operating status

Operating

Short description

Hazen Enterprises is a Tucson, Arizona-based family-owned commercial real estate company that owns, leases, and manages 200,000+ square feet of retail, office, medical, and mixed-use properties for national credit tenants and local businesses across Arizona and five other states.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311)

SIC

Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Mixed-Use Property Management (BPAJAGAE)

Keywords

• Commercial real estate
• Property leasing
• Property management
• Commercial property
• Real estate investment

Headquarters

HQ city

Tucson

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Commercial Property Leasing: Primary revenue stream from leasing office, retail, medical, mixed-use, and industrial commercial properties across Southern Arizona and out-of-state markets. Properties offered under various lease structures including Modified Gross (MG), Triple Net (NNN), and Full-Service leases.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Hazen Enterprises is a family-owned commercial real estate company that directly owns, leases, and manages over 200,000 sq. ft. of commercial properties across Southern Arizona and multiple other states. The portfolio spans office, retail, medical, mixed-use, residential, and out-of-state single-tenant properties offered under Modified Gross (MG), Triple Net (NNN), and Full-Service lease structures. A full-time, in-house maintenance team provides 24/7 property management support without outsourcing day-to-day tasks.

Product overview

Hazen Enterprises operates as a family-owned commercial real estate company offering a unified property services platform. The core offering consists of commercial property ownership, leasing, and management services across six property categories: Office, Medical, Retail, Mixed-Use, Residential, and Out-of-State properties. The company offers three distinct lease structures (Modified Gross, Triple Net/NNN, and Full-Service) to accommodate different tenant needs. Supporting the leasing business is an in-house property management and maintenance division providing 24/7 support. The portfolio spans 200,000+ sq. ft. of commercial space across Southern Arizona with additional out-of-state single-tenant retail investments.

Differentiator

Problem solved

Functional benefit

Products and services

• Office Property Leasing Commercial office space leasing services including Modified Gross to Full-Service lease options, with properties ranging from garden-style offices to multi-story professional buildings across the Greater Tucson area. Targeted at small and mid-size business tenants.
• Medical Property Leasing Medical office space for healthcare providers, outpatient or surgery centers, urgent care, and hospital administrative offices in Southern Arizona.
• Retail Property Leasing Retail space leasing including storefront retail, restaurants, bars, strip malls, and shopping centers serving national brands and local businesses across Southern Arizona and multiple U.S. states.
• Mixed-Use Property Leasing Mixed-use commercial properties combining retail, restaurants, and office spaces with residential apartments or condos, including Downtown Tucson and Uptown developments.
• Residential Property Management Tucson-area residential property management including houses, townhomes, condos, and apartments for lease.
• Out-of-State Commercial Properties Commercial properties outside Arizona including single-tenant retail investments leased to national brands (CVS, Chipotle, Whataburger, Chick-Fil-A, Amegy Bank, Raising Cane's, Wells Fargo) in Indiana, Nebraska, Texas, Tennessee, and Pennsylvania.
• In-House Property Management & Maintenance Full-service property management with a friendly, full-time in-house maintenance team providing 24/7 support without outsourcing day-to-day tasks.

Named customers9 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

15 partnerships are on record, tiered major, core, strategic and minor.

• Rio NuevomajorStrategic or Co-development Partner · 1 January 2023Historic commercial property purchase on Congress St. in partnership with Rio Nuevo to revitalize downtown Tucson. This represents a significant strategic partnership for urban redevelopment in Tucson's downtown area.
• Tucson ConquistadorescoreOthersBrandt Hazen served as President and PGA Tour liaison for the Tucson Conquistadores. The company actively supports this major Tucson organization that hosts the PGA Tour tournament. Leadership involvement demonstrates deep community commitment.
• Intermountain Centers for Human DevelopmentcoreOthersBrandt Hazen serves as Chairman of the Board of Directors for Intermountain Centers, which provides health and human services for at-risk populations. This represents leadership-level involvement in a major regional nonprofit.
• Angel Charity for ChildrencoreOthersTriple Halo Sponsor of Angel Charity for Children, one of Tucson's major charitable organizations dedicated to helping children.
• Tucson Medical Center (TMC Holdings)strategicOthersHazen serves on the board of TMC Holdings, which oversees real estate owned by Tucson Medical Center. This represents a significant healthcare sector partnership and real estate advisory role.
• Southern Arizona Leadership CouncilcoreOthersMember and leader in the Southern Arizona Leadership Council, a regional civic organization focused on economic development and community leadership.
• Tucson Airport AuthoritycoreOthersBoard member of the Tucson Airport Authority, demonstrating leadership in regional infrastructure and economic development.
• Girl Scouts of Southern ArizonaminorOthersSupport for Girl Scouts of Southern Arizona through donations and community involvement.
• Boys & Girls Club of TucsonminorOthersCommunity support and philanthropy for youth development organization.
• Kids of SteeleminorOthersPresenting sponsor for Kids of Steele Race for Research. The Hazen Family Foundation actively supports this pediatric cancer research organization.
• Youth on Their OwnminorOthersSupport for Youth on Their Own, a nonprofit supporting homeless youth in Tucson.
• Tu NiditominorOthersSupport for Tu Nidito, a Tucson nonprofit providing services for bereaved children and families.
• Special Olympics ArizonaminorOthersCommunity support for Special Olympics Arizona programs.
• San Miguel High SchoolminorOthersSupport for San Miguel High School, a local Catholic high school serving students in Tucson.
• Pine Tree Apple Classic FundminorOthersSupport for the Pine Tree Apple Classic Fund, a charity golf event supporting pediatric cancer research.

Scale indicators3 records

Recent moves9 records

Expansion highlights3 records

Direct peers

• Brixmor Property Group: Publicly traded open-end REIT focused on open-air shopping centers, frequently leased to the same national retail and restaurant tenants (groceries, QSRs, off-price). Highly comparable to Hazen's retail/medical/mixed-use shopping center exposure.
• Kimco Realty: Large-cap shopping center REIT with grocery-anchored and mixed-use assets. Competes directly with Hazen for the same NNN and gross-lease retail tenants across U.S. metros.
• Realty Income: Premier net-lease REIT whose NNN single-tenant model with credit-rated retail and restaurant tenants (including some overlapping with Hazen, e.g., Chipotle, Wells Fargo) mirrors Hazen's out-of-state portfolio strategy.
• NetSTREIT Corp: Pure-play NNN retail REIT building a portfolio of single-tenant assets leased to national tenants. Direct overlap with Hazen's out-of-state CVS/Chipotle/Chick-Fil-A/Whataburger acquisitions.
• Phillips Edison & Company: Internally managed shopping center REIT focused on grocery-anchored necessity-based retail, with mixed-use capability. Comparable to the mixed-use and retail segments of the Hazen portfolio.
• Healthcare Realty Trust: Public REIT focused on outpatient medical office buildings. Comparable to Hazen's medical property segment serving providers like Pain Institute of Southern Arizona and Avery Therapeutics.
• American Healthcare REIT: Healthcare-focused REIT with outpatient medical office properties, directly comparable to Hazen's medical leasing vertical and its healthcare-tenanted Southern Arizona portfolio.

Regional players

• Mid-America Asset Management: Third-party commercial real estate manager specializing in Midwest retail centers; complementary operating model (in-house management emphasis) to Hazen's vertically integrated landlord/manager approach.
• Crosland LLC: Privately held Southeast U.S. real estate developer and landlord of mixed-use, retail, and medical assets. Comparable as a private, regionally focused commercial owner-operator.

Broad incumbents

• Cushman & Wakefield: Global commercial real estate services firm active in leasing, property management, and investment sales across the same retail, office and medical asset classes Hazen owns privately.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/HazenTownhomes

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Hazen Enterprises