Hunneman

What Hunneman does

Hunneman is the largest independently owned full-service commercial real estate firm in Boston, founded in 1929 and headquartered at 303 Congress Street in Boston's Fort Point neighborhood. The firm operates five integrated service lines—Leasing & Advisory, Investment Sales, Capital Markets, Property Management, and Research & Marketing—serving corporate tenants, landlords, institutional and private property owners, REITs, and middle-market real estate investors across New England. Hunneman owns its headquarters building and has executed over 800 transactions totaling $4.0 billion in cumulative sales across office, industrial, flex, multifamily, and retail product types.

The firm's customer-facing capabilities span tenant and landlord representation, debt and equity placement through an in-house capital markets platform (average deal size ~$15M targeting the $5M–$75M middle market), investment property sales, and operational property management across a current portfolio exceeding 16.6 million square feet. Its technology layer is built around proprietary research and GIS/mapping consulting—drive-time and demographic analyses, competition mapping, and quarterly market reports on Boston office, industrial, life sciences, and multifamily sectors—rather than a discrete software platform. National reach in capital markets is amplified through Hunneman's membership in the Real Estate Capital Alliance (RECA), a network that collectively places over $3 billion annually.

Hunneman monetizes through transactional brokerage commissions on lease and investment sales, managed-services property management fees structured as a percentage of managed asset value or per-square-foot, and capital markets advisory fees, all negotiated on a quote/per-transaction basis. Distribution is direct, organized into specialized brokerage teams (Urban Advisory, Suburban, North Suburban), an Investment Sales group, a Capital Markets team, and an in-house Property Management division; the firm does not use resellers or distributors. Hunneman operates exclusively in the U.S. New England market, is privately held with no external investors or disclosed revenue figures, and has been led by CEO Steve Prozinski and EVP & Managing Principal Peter Evans since the 2017–2018 leadership transition.

Name

Hunneman

Legal name

Hunneman

Website

https://hunnemanre.com

Company type

Private

Founded year

1929

Operating status

Operating

Headcount range

101–250 employees

Short description

Hunneman is the largest independently owned full-service commercial real estate firm in Boston, providing leasing, investment sales, capital markets, property management, and research services to corporate tenants, landlords, investors, and property owners throughout New England.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Offices of Real Estate Agents and Brokers (531210), Nonresidential Property Managers (531312), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Investment Advice (6282)

akta.pro primary industry

Multifamily Brokerage (BPAJABAD)

akta.pro secondary industries

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), Hospitality Brokerage (BPAJABAE)

Keywords

• Commercial real estate brokerage
• Property management services
• Investment sales advisory
• Capital markets advisory
• Tenant representation leasing

Headquarters

HQ city

Boston

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, Technology or R&D, Others

Revenue model

1. Brokerage and Leasing Commissions: Traditional commercial real estate brokerage fees from leasing transactions, tenant representation, landlord representation, and investment sales. The firm has completed over 800 transactions totaling $4.0 billion in sales across office, industrial, flex, multifamily, and retail properties.
2. Property Management: Property management services with over 16 million square feet of office, industrial, flex, multifamily, and retail properties under management. Fees are typically charged as a percentage of managed property value or per-square-foot basis.
3. Capital Markets Advisory: Debt placement, structured investments, advisory services, and loan/equity acquisitions. The capital markets group specializes in the middle market segment, typically financing projects ranging from $5 million to $75 million.
4. Research and Marketing Services: Market research services, GIS mapping consulting, and marketing support for clients including quarterly market reports and custom analysis.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels9 records

Core offering

Hunneman is a full-service commercial real estate firm providing leasing and advisory, investment sales, capital markets (debt placement and structured financing), property management, and research and marketing services to corporate tenants, landlords, investors, and developers throughout New England. The firm manages a portfolio exceeding 16.6 million square feet of office, industrial, flex, multifamily, and retail properties, and has completed over 800 transactions totaling $4.0 billion in sales.

Product overview

Hunneman is New England's premier full-service commercial real estate provider offering a comprehensive suite of services including Leasing & Advisory, Investment Sales, Capital Markets, Property Management, and Research & Marketing. As the largest independently owned firm in Boston, the company manages a portfolio exceeding 16 million square feet across office, industrial, flex, multifamily, and retail properties. The platform combines traditional brokerage expertise with market research, capital markets advisory, and property management capabilities serving clients throughout New England.

Differentiator

Problem solved

Functional benefit

Products and services

• Leasing & Advisory
• Investment Sales
• Capital Markets
• Property Management
• Research & Marketing
• Appraisal & Consulting Services

Quantifiable outcome

• $4.0 billion in sales across over 800 transactions
• +3 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

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

• Real Estate Capital Alliance (RECA)coreStrategic or Co-development PartnerNational network of top-shelf, boutique capital markets professionals sharing best practices and market intelligence. Collectively places over $3 billion annually. Andrew Kaeyer served as RECA President for four years. Weekly calls with national lenders and annual conferences provide valuable capital provider relationships.
• KS PartnerscoreChannel Partner/ Reseller/ DistributorPrivately held, vertically-integrated real estate company owning and managing over 5 million square feet of commercial real estate across the Northeast. Hunneman serves as leasing agent for KS Partners' Connector Park properties at 59 Lowes Way and 41 Wellman Street in Lowell.
• Eastport Real Estate ServicescoreStrategic or Co-development PartnerProperty manager for New England Business Center (NEBC) in Andover. Eastport provides hands-on management that has driven NEBC to 96% occupancy. Led by Kim Anderson.
• Nordblom CompanymajorChannel Partner/ Reseller/ DistributorFull-service Management, Investment and Development firm operating in New England since 1924. Owner of Northwest Park in Burlington (200+ acre mixed-use development). Hunneman represents tenants at Northwest Park properties.
• CKM Real EstatemajorChannel Partner/ Reseller/ DistributorOwner of 250 Apollo Drive in Chelmsford, a 143,215 SF flex/R&D building. Hunneman serves as exclusive leasing agent for the property and brokered the Triton Systems lease.
• Grander Capital PartnerscoreChannel Partner/ Reseller/ DistributorReal estate investment firm that acquired 70 Hastings Street in Wellesley. Hunneman handles all leasing activities for the repositioned Class A medical office building, achieving 94% occupancy.
• Starwood Capital GroupmajorChannel Partner/ Reseller/ DistributorGlobal private equity firm specializing in real estate investments. Owner of 200 Danton Drive in Methuen where Hunneman brokered the CMC North America headquarters lease.
• GFI PartnersmajorChannel Partner/ Reseller/ DistributorProperty owner/manager for which Hunneman brokers leasing transactions. Hunneman represented GFI Partners at 1 Jewel Drive in Wilmington.
• Commercial Brokers Association (CBA)coreStrategic or Co-development PartnerIndustry association with 360 members. Peter Evans served as CBA President for 2021-2022. Company executives actively participate in CBA events, panels, and initiatives including the Diversity Impact Fund.
• MassEconcoreStrategic or Co-development PartnerMassachusetts economic development organization. Hunneman team members including Jim Boudrot serve on MassEcon's board of directors. Partnership supports business development and site selection assistance.
• Greater Boston Real Estate BoardminorStrategic or Co-development PartnerIndustry association for real estate professionals in Greater Boston. Hunneman team members maintain membership and participate in industry events.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CBRE Group: Global full-service commercial real estate services firm offering investment sales, leasing, capital markets, and property management across all major asset types. Direct competitor to Hunneman in Boston's office, industrial, and capital markets segments, with significantly larger resources and a global platform.
• JLL (Jones Lang LaSalle): Global commercial real estate services and investment management firm with a strong Boston presence. Competes with Hunneman in office leasing, capital markets, and property management, and is one of the largest PM operators globally with institutional-grade technology investments.
• Cushman & Wakefield: Global commercial real estate services firm active in Boston with capital markets, valuation, and property management practices. Competes with Hunneman for institutional leasing and investment sales mandates in New England.
• Newmark Group: Global commercial real estate services firm with significant Boston operations and a strong capital markets practice. Competes with Hunneman across leasing, investment sales, and debt/equity placement. Notably, several Hunneman team members previously held roles at Newmark/NGKF.
• Colliers International: Global commercial real estate services firm with a strong Boston/New England presence across office, industrial, and capital markets. Directly comparable to Hunneman's full-service model, with similar middle-market focus.
• Avison Young: Privately held global commercial real estate services firm with significant Boston operations. Competes with Hunneman in office leasing, investment sales, and property management, and shares Hunneman's privately held, owner-operated positioning.
• Lincoln Property Company: National commercial real estate firm with property management, leasing, and investment services. Comparable in property management scale to Hunneman, and a former employer of multiple Hunneman senior brokers (Ned Halloran, Ken Oppenheim).
• Transwestern Real Estate Services: National commercial real estate firm offering agency leasing, tenant representation, capital markets, and property management. Competes with Hunneman in Boston office and industrial leasing, and a comparable privately operated platform.

Direct peers

• Boston Realty Advisors: Boston-based boutique commercial real estate investment firm focused on capital markets, investment sales, and tenant/landlord representation. A direct peer to Hunneman in Greater Boston, with similar deal-size profile and client base; notably, Hunneman's EVP Peter Bean was previously a Managing Director and Partner at BRA.

Regional players

• Nordblom Company: New England-based full-service real estate investment, development, and management firm (founded 1924). Comparable to Hunneman in regional focus and integrated service offering, and an active partner of Hunneman in representing tenants at Northwest Park in Burlington.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Hunnemanre
• Facebookfacebook.com/profile.php?id=100063625567727
• LinkedInlinkedin.com/company/nai-hunneman
• Instagraminstagram.com/hunnemanre

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 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 Hunneman