What Robie Properties does

Robie Properties is a third-generation, family-owned commercial real estate company headquartered at 175 Andover Street, Danvers, Massachusetts. Founded formally in 1956 when Richard Robie Jr. joined his father and the family divested its Avis car rental franchise, the firm owns and operates a portfolio of nine commercial properties totaling approximately 563,207 square feet across suburban Boston and Southern New Hampshire. The asset mix spans Class B/C suburban office (5 Centennial Drive and 3 Centennial Drive in Peabody), a grocery-anchored retail center (134 Water Street, Wakefield, anchored by Shaws Supermarket), industrial/flex space (9 & 11 Trafalgar Square in Nashua, NH; 187 Neck Road in Ward Hill; 285 Mill Road in Chelmsford), and a 264,000-square-foot structured parking facility at 600 Commercial Street in Boston's North End. The portfolio serves mid-sized office users, light industrial tenants, a regional supermarket anchor, and parking customers in one of the densest parking markets in the United States.

The business model is recurring rental income through individually negotiated multi-year commercial leases. Pricing is set per square foot, lease term, and tenant improvements rather than via standardized rate cards. The company runs a direct owner-to-tenant leasing motion, with several documented relationships exceeding 30 years, and manages operations with a lean team of approximately seven employees including President Doug Robie, CFO Richard Ciummei, Director of Leasing and Property Management Brad Robie, and two on-site property technicians. There is no proprietary software, no tenant portal, and no third-party property management platform; the only digital surface is an informational company website used for property listings and lead capture.

Go-to-market is relationship-led: inbound phone and email inquiries, the company website, and word-of-mouth referrals among local commercial brokers. The firm does not employ paid digital marketing, a broker channel program, or a formal listing syndication strategy. The last documented property acquisitions occurred in 1995 and 1996, no external investors, private equity ownership, or public capital has been disclosed, and the company has shown a measured, hold-and-operate posture over the past two decades rather than an active acquisition cadence.

Name

Robie Properties

Legal name

Robie Properties, LLC

Website

https://robieproperties.com

Company type

Private

Founded year

1956

Operating status

Operating

Headcount range

11–50 employees

Short description

Robie Properties is a third-generation, family-owned commercial real estate company that owns and leases nine properties totaling over 563,000 square feet across Massachusetts and New Hampshire, serving office, retail, industrial, medical, and parking tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Lessors of Real Estate (5311), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Lessors Of Real Property, Nec (6519), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Commercial real estate
• Property leasing
• Office buildings
• Industrial property
• Property management

Headquarters

HQ city

Danvers

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 commercial real estate space (office, industrial, retail/parking) to businesses on multi-year lease arrangements. Tenants include office users, medical facilities, industrial/manufacturing companies, and parking customers.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Robie Properties owns, manages, and leases a portfolio of nine commercial real estate properties totaling more than 563,000 rentable square feet in Massachusetts and Southern New Hampshire. The portfolio spans Class A office buildings, retail space, an industrial manufacturing facility, medical/office/flex space, and a Boston parking garage, leased directly to commercial tenants under multi-year agreements.

Product overview

Robie Properties operates a diversified portfolio of commercial real estate properties across Massachusetts and New Hampshire. The company offers a single portfolio of nine distinct commercial properties: office buildings (175 Andover Street, 5 Centennial Drive, 3 Centennial Drive, 9 Trafalgar Square, 11 Trafalgar Square), retail/commercial space (134 Water Street with Shaws Supermarket anchor), industrial/manufacturing facility (187 Neck Road), medical/office/flex space (285 Mill Road), and a parking garage (600 Commercial Street). These properties are managed directly by the family-owned company, with no software products, SaaS offerings, or technology platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• 175 Andover Street 28,934 rentable square foot multi-tenant office building located in Danvers, MA at the 128/95/1 interchange, featuring available suites (Suite 101/102 at 5,020 r.s.f., Suite 301 at 3,889 r.s.f., Suite 302 at 1,011 r.s.f.), 24/7 building access, professional landscaping, FOB access system, and flexible floor plans, targeted at commercial office tenants.
• 5 Centennial Drive 40,000 SF boutique office building in Peabody, MA at the corner of Route 95, Route 128, and Route 1; four-story building with 9,600 SF typical floor size, two-toned brick exterior, bronze ribbon windows, 9'6" finished ceilings, and a 3.0/1,000 parking ratio on 2.85 acres, targeted at office tenants.
• 3 Centennial Drive 33,760 rentable square foot multi-use property in Peabody, MA suitable for office, medical, and flex users at the 128/95/1 interchange, offering flexible floor plates, easy subdivision, covered parking, on-site cafe, showers, executive covered parking, professional landscaping, key card access, and 24/7 building access.
• 9 Trafalgar Square

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• The Bulfinch Companies: Multi-generational Boston commercial real estate firm focused on office, mixed-use, and life-science properties in Greater Boston. Comparable as a long-tenured, owner-operated CRE competitor in the same metro.
• Nordblom Company: Boston-area commercial real estate owner, developer, and manager with a suburban office portfolio overlapping Robie's Massachusetts geography. Comparable as a regional owner-operator serving similar office and flex tenants.
• Anchor Line Partners: Boston-focused commercial real estate owner-operator with suburban office and life-science assets along the Route 128/495 corridors. Direct geographic and product-type overlap with Robie's Massachusetts portfolio.
• Cummings Properties: Family-owned commercial real estate company based in Massachusetts and Southern New Hampshire offering office, flex, and medical space to similar mid-sized tenants along suburban Boston corridors. Closest comparable peer by ownership structure, geography, and product mix.
• Marcus Partners: Boston-based commercial real estate investment and management firm operating office, industrial, and flex assets across the Northeast. Comparable as a Boston-metro CRE owner-operator with similar product types.

Broad incumbents

• CBRE: Global commercial real estate services firm with leasing, property management, and investment sales. Comparable as a broader incumbent in the CRE services ecosystem that competes for the same tenants and broker relationships in Boston.
• Lincoln Property Company: National commercial real estate services firm with third-party property management and ownership across office, industrial, and multifamily. Comparable as a property manager/landlord competing for similar suburban office tenants.
• Related Beal: Boston arm of Related Companies, owning and developing commercial and mixed-use real estate throughout Greater Boston. Comparable as a major Boston CRE competitor but at materially larger scale and broader scope.
• Boston Properties (BXP): Largest publicly traded office REIT in the U.S. and dominant Boston commercial landlord. Overlaps Robie's market but operates at vastly greater scale and primarily in Class A urban product rather than suburban.
• Shorenstein Properties: National office REIT and operator of suburban and urban office properties across major U.S. markets. Comparable as an office landlord competing for similar suburban Boston office tenants at much larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/robie-properties

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 Robie Properties