Whelan Associates

What Whelan Associates does

Whelan Associates, LLC is a privately held, founder-led commercial real estate investment and property management firm headquartered in New Bedford, Massachusetts, with a secondary office in Kissimmee, Florida. Founded in 2001 by William N. Whelan (formerly Chairman of Spaulding & Slye Colliers International) and his son William M. Whelan (formerly VP of State Street Corporation), the firm provides an integrated suite of six service lines: Development, Construction, Property Management, Facilities Management / Custodial, Project Management, and Strategic Real Estate Planning. The firm reports having completed 14 projects totaling over 560,000 square feet across commercial, medical, professional office, industrial, and biotech lab asset types, with a stated focus on healthcare providers and commercial property investors in New England and beyond. Its business model blends one-time development and project management fees, ongoing managed services across property and facilities management, and transaction-based leasing and brokerage revenue; pricing is negotiated on a project-by-project basis rather than published. Customer concentration skews heavily toward healthcare — including Beth Israel Deaconess Hospital (Jordan Health Systems), Southcoast Hospital Group, Orthopedic Care Specialists, Greater Boston Urology, Caritas Christi Health Care, and other physician practices — supplemented by commercial tenants (e.g., Comcast, Countrywide Home Loans, law firms, insurance agencies) within multi-tenant office properties such as Faunce Corner Executive Center One.

The firm's go-to-market is relationship-driven and sales-led, leveraged through the founders' prior executive networks and reputation in the New England commercial real estate market, with the corporate website serving as the primary marketing surface. Operational differentiation rests on a transparent, open-book philosophy under which anchor tenants are invited into project equity, projects are pre-leased to roughly two-thirds occupancy prior to construction, and developers absorb only limited-recourse debt. The team includes senior vice presidents and operational leads across construction (Jason Camara), operations (Marie Pepin, listed as Marie I. Audette in one source), Florida operations (Robert Kastura), property management (William J. Martin), and an external Certified Professional Coach (Elix Cintron); the broader team totals 11–50 employees per disclosed headcount. There is no disclosed proprietary technology stack, no AI/ML capability, and no app or public API; the only digital integration is a Mobile SSC tenant request portal. The firm has no institutional investors, no parent company, no subsidiaries, and no acquisition or funding history, operating as a family-controlled regional business.

Name

Whelan Associates

Legal name

Whelan Associates, LLC

Website

https://whelanassociates.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Whelan Associates is a privately held, founder-led commercial real estate firm offering integrated development, construction, property management, facilities management, project management, and advisory services to healthcare providers and commercial property investors across New England and Florida.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

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

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Real Estate (6500)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

akta.pro secondary industry

Tenant Representation & Corporate Services Brokerage (BPAJABAJ)

Keywords

• Commercial real estate services
• Property management services
• Real estate development
• Medical office buildings
• Construction project management

Headquarters

HQ city

New Bedford

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Real Estate Development: Development fees and equity participation from commercial, medical, and professional office projects. The firm develops properties from concept through completion, with equity investor risk limited to their investment and debt recourse limited to the developer.
2. Construction Services: Expert supervisory interface for clients ensuring successful construction outcomes including engineering, design, and construction-to-completion. Construction is transparent with emphasis on client communication throughout the project.
3. Property Management: Full-service property management and maintenance services yielding immediate and long-term cost savings for property owners. Includes building maintenance, common area upkeep, energy management, and utility rate negotiation.
4. Facilities Management / Custodial Services: Comprehensive custodial division handling janitorial services, professional carpet cleaning, floor maintenance, window cleaning, day porter services, and facilities management with one point of contact and one invoice.
5. Project Management: Design and construction phase oversight for the entire planning, design, construction, commissioning, and closeout process. The firm claims project managers save clients an average of 23-37% per project.
6. Strategic Real Estate Advisory: Advisory services evaluating legal, financial, and tax implications of real estate ventures. Includes site location assessment, growth potential analysis, architectural design evaluation, and ROI analysis.
7. Leasing and Brokerage: Leasing services for commercial and medical office spaces, including tenant relations and lease management for NNN and other lease structures.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Whelan Associates is a commercial real estate investment and property management firm providing integrated development, construction oversight, property management, facilities/custodial management, project management, and strategic real estate advisory services. The firm develops, leases, and manages medical office buildings, commercial properties, and industrial/flex space primarily for healthcare providers, commercial investors, and business tenants across New England.

Product overview

Whelan Associates is a commercial real estate investment and property management firm offering a comprehensive suite of services organized into six integrated service lines: Development Services, Construction Services, Property Management, Facilities/Custodial Management, Project Management, and Strategic Real Estate Planning. These services are delivered across a portfolio of commercial, medical, and industrial properties throughout New England, with a focus on medical office buildings. The company operates from Massachusetts and Florida offices and manages properties ranging from small office spaces to large multi-story medical facilities totaling over 560,000 sq ft.

Differentiator

Problem solved

Functional benefit

Products and services

• Development Services End-to-end real estate development services for healthcare providers, commercial investors, and businesses, covering strategic goal definition, concept design, planning, permitting, construction oversight, leasing, and tenant relations.
• Construction Services Expert supervisory interface for the construction process including engineering, design, construction-to-completion, and tenant space build-outs, focused on energy-efficient, high-performance buildings for healthcare and commercial clients.
• Property Management Full-service property management including building maintenance, mechanical supervision, common area maintenance, landscaping, security, cleaning, parking, energy management, and utility rate negotiation for owners seeking immediate and long-term cost savings.
• Facilities Management / Custodial Services Comprehensive custodial and facilities management services including janitorial cleaning, professional carpet cleaning, floor maintenance, window cleaning, day porter services, and integrated facilities management delivered with one point of contact and one invoice.
• Project Management Design and construction phase oversight across the entire planning, design, construction, commissioning, and closeout process, including architect/engineer selection, budget forecasting, permit management, and performance monitoring; the firm reports average savings of 23–37% per project.
• Strategic Real Estate Planning Advisory and consulting services evaluating the legal, financial, and tax implications of real estate ventures, including site location assessment, growth potential analysis, architectural design evaluation, market evaluation, business planning, ROI analysis, and advisory reports.
• Medical Office Building Portfolio Leasable portfolio of medical office properties including 910 Washington Street Dedham, Bank Plaza, Beth Israel Deaconess Hospital (Jordan campus), One/Two/Three Washington Place, Raynham Woods Medical Center, Hanover St. Professional Building, and Faunce Corner Executive Centers, leased to healthcare providers and physician groups.
• Commercial & Industrial Property Portfolio Leasable portfolio of commercial office and industrial properties including Bank Plaza, Flex Center One, Southcoast Research & Technology Park, and Union Square Office Center, available to commercial, industrial, and biotech tenants.

Quantifiable outcome

• 14 projects totalling over 560,000 sq ft successfully completed
• +2 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

One partnership is on record.

• Jordan Health SystemscoreStrategic or Co-development PartnerJoint development partnership for a 30,000 sq ft medical office building on the campus of Jordan Hospital in Plymouth, MA. Whelan Associates developed and manages the facility which houses OB/GYN & Midwifery, Primary Care, and Specialists. This represents a key strategic relationship combining Jordan Health Systems' healthcare expertise with Whelan Associates' real estate development and management capabilities.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CBRE Group: World's largest commercial real estate services firm, providing property management, development advisory, leasing, and capital markets services. Overlaps broadly with Whelan's full-service CRE service stack at materially greater scale.
• Cushman & Wakefield: Global commercial real estate services firm offering property management, valuation, advisory, and capital markets across all major property types including office and medical. Comparable to Whelan's integrated services model, with overlap on commercial office and medical office segments.
• Jones Lang LaSalle (JLL): Global commercial real estate services firm offering development, property management, leasing, and advisory services. Notable that Whelan's founder William N. Whelan previously chaired Spaulding & Slye, which merged with JLL - a direct corporate lineage connection to Whelan's leadership.
• Healthpeak Properties (formerly Healthcare Realty Trust): Public healthcare REIT that owns, develops, and manages outpatient medical facilities and MOBs. Comparable to Whelan in asset focus but operates as a large institutional capital pool and owner, whereas Whelan is a fee-based developer/manager.

Direct peers

• Anchor Health Properties: National medical office building developer and manager serving hospitals, health systems, and physician groups. Closest analog to Whelan: similar MOB development, leasing, property management, and advisory model targeting healthcare clients, but at a larger national scale.
• Hammes Company: Healthcare consulting and real estate firm focused on strategy, facility planning, and development advisory for hospitals and health systems. Comparable to Whelan's Strategic Real Estate Planning and healthcare advisory services.
• Caddis Healthcare Real Estate: Full-service healthcare real estate firm developing, leasing, and managing medical office buildings for hospital systems and physician groups. Closely matches Whelan's MOB-centric, integrated service approach.
• Rendina Companies: Healthcare-focused real estate developer specializing in medical office buildings, ambulatory care facilities, and healthcare campuses. Comparable in vertical specialization, integrated development/management services, and tenant-relationship orientation to Whelan.

Emerging players

• Montecito Medical Real Estate: Medical office acquisition and development firm with similar physician- and healthcare-system targeting to Whelan. Smaller scale, but comparable niche vertical and integrated owner/manager model.

Others

• Marcus & Millichap / Institutional Property Advisors: Specialized commercial real estate investment brokerage focused on investment sales, financing, and capital markets for commercial and medical properties. Comparable to Whelan's commercial leasing and investment advisory revenue streams.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/whelanassociates
• LinkedInlinkedin.com/company/whelan-associates-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Whelan Associates