McShane Development

What McShane Development does

McShane Development LLC is a Twin Cities-based (Excelsior, Minnesota) commercial real estate development firm founded in 2004 by Tim McShane, who previously spent 20 years at large national developers Trammell Crow, United Properties, and Ryan Companies. The firm specializes in single-tenant net lease property development and acquisition across retail, office, and industrial sectors and operates with a claimed national footprint from its Minnesota headquarters. Its service portfolio spans the full project lifecycle: project visioning, site selection and acquisition, project financing (underwriting, equity sourcing, construction loan acquisition, permanent financing), permits and entitlements, design team management, and construction management, delivered either as a build-to-suit development partner or as turn-key fee-based development services. Core technology consists of a proprietary site selection methodology combining market intelligence data, technology, and team experience to identify optimal sites ahead of market trends.

The company operates with a lean team of 1-10 employees in a principal-driven model where Tim McShane is directly involved in every deal and oversees all client relationships. Revenue is generated through professional services fees and transaction compensation tied to development and acquisition deals. Named enterprise clients include Advance Auto Parts (multi-site Minnesota development totaling ~35,000 sf across five locations), Gander Mountain (Dothan, AL 45,600 sf and Killeen, TX 52,000 sf), Best Buy (Blaine, MN 45,000 sf and Rogers, MN 30,000 sf), Essentia Health Systems (7 acres in Fargo, ND), Gate City Savings & Loan (2 acres in Fargo, ND), and Town & Country Credit Union (2 acres in Fargo, ND). The firm positions around 'small company agility with big company expertise,' targeting enterprise clients requiring multi-location single-tenant net lease development and offering flexible ownership structures including purchase/sale leasebacks.

Marketing and business development rely on principal-driven client engagement, relationship-based selling, industry association participation (NAIOP, MSCA, ICSC), referrals, and a digital presence on LinkedIn, Twitter, and Facebook. The company is privately held as an LLC with founder Tim McShane as primary owner, no disclosed external investors, and no disclosed funding rounds, acquisitions, or subsidiary activity.

Name

McShane Development

Legal name

McShane Development LLC

Website

https://mcshanedevelopment.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

McShane Development is a Twin Cities-based commercial real estate development firm that provides single-tenant net lease development, fee-based build-to-suit, and acquisition services across retail, office, and industrial sectors for enterprise clients nationwide.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Land Subdivision (23721), Rental and Leasing Services (532)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

Keywords

• Commercial real estate development
• Single-tenant net lease
• Build-to-suit development
• Fee development services
• Site selection services

Headquarters

HQ city

Excelsior

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, Others

Revenue model

1. Fee Development Services: Turn-key development services delivered on a fee basis for clients who prefer to provide their own capital and own the project. Protects client capital as if it were the firm's own.
2. Build-to-Suit Development: Acting as build-to-suit development partner providing comprehensive development services from site selection through project execution.
3. Development and Acquisition: Development and acquisition of single-tenant net lease properties with flexible financing solutions for clients.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

McShane Development provides commercial real estate development and investment services focused primarily on single-tenant net lease properties across the retail, office, and industrial sectors. The firm offers build-to-suit development partnerships and turn-key fee-based development services covering site selection, due diligence, entitlements, financing, design, and construction management nationwide.

Product overview

McShane Development offers a unified suite of commercial real estate development and investment services, primarily focused on single-tenant net lease property development. The core offering comprises fee development services (turn-key development on a fee basis) and investment services (acquisition and development for ownership). These are supported by integrated service modules including Project Visioning, Site Selection Services, Project Financing, Permits & Approvals Services, Design & Construction Services, and Construction Management. The company combines these capabilities to deliver projects across retail, office, and industrial sectors, acting as either build-to-suit development partners or providing turn-key fee-based development solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Development Services

Named customers6 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

Feature1 record

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Opus Group: Twin Cities-rooted commercial real estate developer with national reach across office, industrial, retail, and multifamily. Directly comparable in scope, geography, and client mix to McShane Development.
• Ryan Companies: National commercial real estate developer headquartered in the Twin Cities and another former employer of Tim McShane. Competes head-to-head with McShane for build-to-suit retail, office, and industrial mandates across the Midwest.
• Exeter Property Group: National industrial developer focused on build-to-suit and speculative distribution and manufacturing facilities. Competes with McShane for industrial tenant mandates and shares a similar relationship-driven, principal-led deal culture.
• Panattoni Development Company: Largest privately held industrial real estate developer in the U.S., active in build-to-suit and speculative industrial development. Comparable on the industrial side of McShane's practice and a frequent co-investor/competitor for tenant mandates.
• United Properties: Twin Cities-based commercial real estate developer and former employer of McShane's founder. Operates across the same retail, office, and industrial sectors with comparable build-to-suit and investment services, making it the most direct local competitor.

Broad incumbents

• W. P. Carey Inc. Diversified net lease REIT that acquires single-tenant industrial, retail, and office properties. Represents both a competitor (as a capital partner acquirer) and a benchmark for the asset class in which McShane develops and invests.
• Trammell Crow Company: One of the largest commercial real estate developers in the U.S. and Tim McShane's former employer. Operates across all major sectors and geographies with institutional capital backing, making it a broad incumbent against which McShane competes on select assignments.
• Realty Income Corporation: The largest publicly traded net lease REIT, with an acquisition focus that overlaps directly with McShane's investment activity in single-tenant net lease properties. A potential buyer and capital partner for McShane-originated product.
• Brixmor Property Group: Public REIT owning and operating open-air shopping centers with a national footprint. Comparable to McShane on the retail tenant side of the business and a potential acquirer of McShane-developed retail product.
• Four Corners Property Trust: Public net lease REIT focused on restaurant and retail properties. Operates as both a competing acquirer of net lease product and a structural reference point for the asset class McShane Development specializes in.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/mcshanedev
• Facebookfacebook.com/mcshanedevelopment
• LinkedInlinkedin.com/company/mcshane-development-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 McShane Development