What Biltmore Property does

Biltmore Property Group (BPG) is a privately held, family-controlled real estate development, ownership, and management company headquartered in Asheville, North Carolina. Founded in 1929 as Bell's General Store, BPG has evolved through three generations of the Bell family into a diversified operator that develops, owns, and operates community-oriented shopping centers and mixed-use destinations across five southeastern states (North Carolina, South Carolina, Tennessee, Mississippi, and Louisiana), with a portfolio of more than 20 properties. The company's stated differentiator is its dual perspective as both landlord and longtime retailer: BPG operates 18 retail stores as the largest franchisee of Jos. A. Bank (13 stores), the largest licensee of Lilly Pulitzer (4 stores), and a franchisee of Ruth's Chris Steak House, giving it operational insight into tenant needs that it claims is rare among real estate developers.

BPG's revenue is generated through three streams: (1) commercial property leasing across owned retail and office assets, (2) retail store operations under franchise and license agreements with national brands, and (3) financial and administrative services through its controlling interest in Commerce Services Corporation (founded 1992). The portfolio includes flagship assets such as Western Plaza (200,000+ sq ft in Knoxville, TN, undergoing lifestyle-center renovation), 10 Brook Street (70,000 sq ft, the largest building in Historic Biltmore Village), the Historic Biltmore School ($12 million adaptive reuse, 100% occupied by professional/medical tenants), Harbison Crossing, Melrose Place, Village at Pelican Point, and the new 19 Brook Street mixed-use condominium-over-retail project. BPG builds and manages for long-term ownership, maintains a conservative debt position, and has not taken institutional equity. Its go-to-market is direct relationship-driven leasing led by General Counsel/Executive VP of Leasing Charles D. Frazer, supported by LoopNet listings, property brochures, and earned media for tenant announcements.

Name

Biltmore Property

Legal name

Biltmore Property Group

Website

https://biltmorepropertygroup.com

Company type

Private

Founded year

1929

Operating status

Operating

Headcount range

11–50 employees

Short description

Biltmore Property Group is a family-owned, Asheville-based real estate developer and landlord that owns 20+ community shopping centers and mixed-use properties across 5 southeastern states, while also operating 18 retail stores as Jos. A. Bank's largest franchisee and Lilly Pulitzer's largest licensee.

Ownership category

akta.pro rank

Headquarters

HQ city

Asheville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Commercial Property Leasing: BPG develops, owns and operates retail shopping centers and mixed-use properties across 5 southeastern states. Revenue is generated through leasing retail and office space to tenants in their owned properties.
2. Retail Store Operations: BPG operates retail stores as franchisee/licensee of national brands. They are Jos. A. Bank's largest franchisee with 13 stores, Lilly Pulitzer licensee with 4 stores, and Ruth's Chris Steak House franchisee. Total of 18 retail stores across 5 states.
3. Financial Services: BPG has controlling interest in Commerce Services Corporation, a financial and administrative service firm founded in 1992.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Biltmore Property Group develops, owns, and operates community-oriented shopping centers and mixed-use destinations in the southeastern United States, leasing retail and office space to national, regional, and local tenants across 20 properties in five states. In parallel, it directly operates 18 retail stores as the largest franchisee of Jos. A. Bank and the largest licensee of Lilly Pulitzer, plus a Ruth's Chris Steak House franchise, and holds a controlling interest in Commerce Services Corporation, a financial and administrative services firm.

Product overview

Biltmore Property Group is a real estate development, ownership, and management company that develops community-oriented shopping centers and mixed-use destinations. The company operates a diversified portfolio consisting of commercial property development (Western Plaza, Historic Biltmore Village properties, Harbison Crossing), retail store operations (13 Jos. A. Bank franchise stores, 4 Lilly Pulitzer licensed stores, Ruth's Chris Steakhouse franchise), and financial services (Commerce Services Corporation). With roots dating to 1929 and operations spanning 20 properties and 18 retail stores across 5 southeastern states, the company leverages its retail operating heritage to understand tenant needs and create successful retail developments.

Differentiator

Problem solved

Functional benefit

Products and services

• Western Plaza 200,000+ square foot premier shopping destination in Knoxville, TN, with extensive renovation into a Class A lifestyle center; leased to national retailers including The Fresh Market, Aveda, Edward Jones, Lilly Pulitzer, and Jos. A. Bank.
• Historic Biltmore Village Properties (10 Brook Street, 19 Brook Street, 1 Kitchin Place, 1 All Souls Crescent, 26 All Souls Crescent) Collection of Tudor-inspired retail, office, and mixed-use properties in Historic Biltmore Village, Asheville, NC, including 10 Brook Street (70,000 sq ft, 120 covered parking spaces, Class A office above retail), 19 Brook Street (6 luxury condominiums atop retail), 1 Kitchin Place (BPG headquarters building), and 26 All Souls Crescent (home of Ruth's Chris Steak House Asheville with two private apartments above).
• Harbison Crossing 13,000 sq ft Tudor-style retail building in Columbia, SC with four retailers and one residential apartment, located in the heart of Columbia's best retail corridor.
• Historic Biltmore School (4 Vanderbilt Park Drive) 57,000 sq ft adaptive reuse of the 1927 Historic Biltmore High School, completed in 2012 at $12 million, now 100% occupied by professional and medical services tenants in Asheville, NC.
• Melrose Place Upscale shopping center in Knoxville, TN, featuring anchor tenants M.S. McClellan and Talbots.
• Village at Pelican Point Shopping center in Mandeville, LA with coastal low country architectural theme, located across Lake Pontchartrain from New Orleans.
• Jos. A. Bank Retail Store Operations Thirteen Jos. A. Bank Clothiers stores operated as the largest franchisee of the brand across multiple states.
• Lilly Pulitzer Licensed Stores Four Lilly Pulitzer stores operated as the largest licensee of the brand, including Palm Village - A Lilly Pulitzer Signature Store at 1 All Souls Crescent in Historic Biltmore Village.
• Ruth's Chris Steakhouse Franchise Ruth's Chris Steakhouse franchisee operating restaurants including the Asheville location at 26 All Souls Crescent in Historic Biltmore Village, with two private apartments constructed above the restaurant.
• Commerce Services Corporation Financial and administrative service firm in which BPG holds a controlling interest, founded in 1992, providing financial and administrative services.
• JW Bell Men's Clothing Continuing men's clothing store operation under the JW Bell brand, available via JW-Bell.com, carrying on the company's heritage in men's clothing from Bell's General Store and Bell's Traditionals.

Quantifiable outcome

• 100% occupancy achieved at Historic Biltmore School (4 Vanderbilt Park Drive) by professional and medical services tenants after $12 million renovation

Named customers16 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Jos. A. Bank ClothierscoreOEM/ Whitelabel/ Licensing PartnerBPG is Jos. A. Bank's largest franchisee with 13 stores operating across multiple states. The relationship began in 1991 when BPG's Bell's Traditionals stores converted to Jos. A. Bank stores, becoming its first franchisee. BPG's CEO John Bell worked for Jos. A. Bank as Director of Franchising and Real Estate to help expand the company nationally.
• Lilly PulitzercoreOEM/ Whitelabel/ Licensing PartnerBPG is Lilly Pulitzer's largest licensee with 4 stores operating under the brand. The partnership includes operating Palm Village, A Lilly Pulitzer Signature Store, at 1 All Souls Crescent in Historic Biltmore Village. BPG also opened Southern Tide store in 2017 at Historic Biltmore Village.
• Ruth's Chris Steak HousecoreOEM/ Whitelabel/ Licensing PartnerBPG is a franchisee of Ruth's Chris Steak House. They developed 26 All Souls Crescent in Historic Biltmore Village as the home for Ruth's Chris Steak House Asheville location, standing on one of the great corners of Asheville near the Biltmore Estate entrance.
• Commerce Services CorporationminorStrategic or Co-development PartnerBPG has controlling interest in Commerce Services Corporation, a financial and administrative service firm founded in 1992. This represents BPG's diversification into financial services alongside their real estate and retail operations.
• JW BellminorChannel Partner/ Reseller/ DistributorBPG continues to operate men's clothing through JW Bell brand (JW-Bell.com). This follows the company's heritage in men's clothing going back to Bell's General Store and Bell's Traditionals.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/biltmore-property-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 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 Biltmore Property