The Broadbent Company

What The Broadbent Company does

The Broadbent Company, Inc. is a privately held, family-owned commercial real estate firm founded in 1972 and headquartered at The Broadbent Building, 117 East Washington Street, Indianapolis. The company develops, leases, manages, and brokers shopping centers in Indiana, Kentucky, and Michigan, operating a portfolio of 25+ properties totaling roughly 2.37 million square feet of gross leasable area. Service lines span the full CRE stack: site selection and development, retail space leasing, property management, brokerage of land and buildings, tenant representation, acquisitions and dispositions, and in-house general contracting.

The firm generates revenue primarily through base rent and recoverable expenses on owned shopping centers, supplemented by third-party fee management, brokerage commissions, and tenant representation services. Leasing is executed via direct field sales by an in-house team of leasing representatives and brokers, supported by a publicly searchable property listings portal on the company website. Pricing and lease terms are negotiated on a quote basis, with individual transactions ranging from roughly 1,200 sq ft to anchor leases of 13,000+ sq ft. The company employs 77 people across administration, leasing and sales, property management, construction, and development, and reports no technology platform, app, or API offering beyond its website and social media presence.

Name

The Broadbent Company

Legal name

The Broadbent Company, Inc.

Website

https://broadbentcompany.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

51–100 employees

Short description

The Broadbent Company is a family-owned Indianapolis commercial real estate firm, founded 1972, that develops, leases, manages, and brokers 25+ retail shopping centers totaling about 2.37 million square feet across Indiana, Kentucky, and Michigan for national, regional, and local retail tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Offices of Real Estate Agents and Brokers (5312), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industry

Land & Development Site Brokerage (BPAJABAG)

Keywords

• Commercial real estate
• Shopping center development
• Retail property leasing
• Property management services
• Tenant representation

Headquarters

HQ city

Indianapolis

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, Others

Revenue model

1. Commercial Property Leasing: Revenue generated from leasing retail and commercial spaces in shopping centers developed and managed by the company. The company places retailers in demographically appropriate locations and utilizes sophisticated market analysis techniques integrating demographic information and market trends.
2. Property Development: Development of shopping centers in high-density commercial areas, including site selection, development, and construction management.
3. Property Management: Fee management services for shopping centers, including maintenance, tenant relations, and lease administration.
4. Brokerage and Tenant Representation: Brokerage services for land and buildings, tenant representation, and third-party management. The company also handles property acquisitions and dispositions.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

The Broadbent Company is a full-service commercial retail real estate firm that develops, leases, manages, and brokers shopping centers across Indiana, Kentucky, and Michigan. It manages a portfolio of 25+ properties totaling over 2.37 million square feet of gross leasable area, placing national and regional retail tenants in demographically optimal locations. The company also provides tenant representation, brokerage, acquisitions, dispositions, and general contracting as integrated real estate services.

Product overview

The Broadbent Company operates as a full-service commercial real estate firm offering an integrated platform of services for shopping center development and management. The core offering consists of five interconnected services: Commercial Property Development (building shopping centers in high-density areas), Retail Space Leasing (matching retailers with optimal locations using demographic analysis), Property Management (ongoing maintenance and tenant relations), Brokerage Services (land/building transactions), and Tenant Representation. The company manages a portfolio of 20+ shopping centers totaling 2,371,206 square feet of gross leasable area (GLA) across Indiana, Kentucky, and Michigan. An online Property Listings portal provides searchable access to available retail spaces. General Contracting services were added in 1990 to provide end-to-end project delivery. The company was founded in 1972 (as Skinner & Broadbent Company) and currently employs 77 people.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Property Development Development of shopping centers in high-density commercial areas, including site selection, design, construction, and project management, for the company's own portfolio of retail properties.
• Retail Space Leasing Leasing of retail and commercial spaces in shopping centers developed and managed by the company, with lease sizes ranging from 1,200 to over 13,000 square feet for anchor tenants, using demographic and market analysis to place tenants.
• Property Management Fee management services for shopping centers, covering property maintenance, vendor contract negotiation, tenant relations, and lease administration, provided for the company's own portfolio and for third-party owners.
• Brokerage Services Brokerage of commercial land and buildings, including acquisition and disposition services for retail and commercial properties for third-party owners and investors.
• Tenant Representation Representation of retail tenants in identifying optimal store locations, negotiating lease terms, and navigating the site selection process for national, regional, and local retail businesses.
• General Contracting Construction and maintenance services supporting the company's property development and management activities, including build-out and renovation of retail spaces.

Quantifiable outcome

• Total Property GLA of 2,371,206 square feet
• +3 more outcomes

Named customers20 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves10 records

Expansion highlights3 records

Direct peers

• Kimco Realty: Largest publicly-traded owner of open-air shopping centers in the US with ~560M sq ft across the country. Directly comparable as a shopping center landlord serving the same national tenant base (Kohl's, CVS, TJX companies) with similar anchor-tenant-driven leasing model.
• Site Centers: Shopping center REIT (formerly DDR Corp.) focused on open-air centers in suburban and exurban markets. Comparable as a shopping center owner-operator with similar anchor-tenant-driven model and Midwest exposure.
• Regency Centers Corporation: National shopping center REIT owning ~480 properties totaling ~57M sq ft, focused on grocery-anchored centers. Comparable as a shopping center landlord serving national and regional retail tenants with similar tenant mix optimization approach.
• Brixmor Property Group: Largest open-air shopping center REIT in the US with ~370 centers totaling ~65M sq ft. Directly comparable as a portfolio shopping center operator with similar anchor tenant relationships and Midwest presence.
• Urban Edge Properties: Shopping center REIT (~70 properties, ~17M sq ft) primarily in the New York metro area. Comparable as a focused shopping center operator with disciplined anchor-tenant strategy and property management capabilities.
• Federal Realty Investment Trust: Shopping center REIT owning ~300 retail properties (~26M sq ft) in premium coastal and select Sun Belt markets. Comparable as a high-quality shopping center operator with focus on tenant mix and sustained occupancy.
• Phillips Edison & Company: Shopping center REIT focused on grocery-anchored necessity-based neighborhood centers with ~340 properties across the US. Comparable as a shopping center owner/operator serving similar everyday-needs retail tenants.
• Kite Realty Group Trust: Indianapolis-headquartered open-air shopping center REIT operating across the Midwest and Southeast. Most directly comparable peer given the same Indianapolis home market, similar shopping center focus, and overlapping tenant relationships with national retailers.
• DLC Management Corp. Privately-held New York-based owner/operator of ~25M sq ft of open-air shopping centers. Comparable as a private shopping center owner with similar scale and similar focus on national tenant relationships.

Broad incumbents

• Simon Property Group: Largest US REIT and global retail real estate operator headquartered in Indianapolis. Operates enclosed malls, outlet centers, and open-air shopping centers — broad incumbent with overlapping Indianapolis market presence and tenant relationships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/TheBroadbentCompany
• LinkedInlinkedin.com/company/the-broadbent-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 The Broadbent Company