JJ Operating

What JJ Operating does

JJ Operating, Inc. is a family-owned commercial real estate investment and management company founded by the Jemal Family in the 1970s and headquartered at 112 West 34th Street in New York City. The company and its sister corporations have accumulated approximately 9 million square feet of real estate assets across shopping centers (Lawrence Shopping Center, Independence Plaza), office buildings (2501 Grand Concourse, 1775 Grand Concourse, 186 Montague St), data centers (165 Halsey Street in Newark, NJ), strip malls, retail properties, and mixed-use assets spanning the New York Metropolitan Area, New Jersey, and Pennsylvania.

The portfolio is operated through a hands-on, vertically integrated model in which JJ Operating directly owns and manages its assets rather than outsourcing property management to third parties. Tenant relationships, vendor relationships, and capital relationships with financial institutions are maintained internally under family stewardship. Customer-facing channels consist of a company website (jjop.com) featuring properties and availabilities, supported by direct phone and email contact. The company serves two primary segments: corporate tenants seeking commercial, retail, office, and data center space (primary segment), and real estate investors seeking investment opportunities (secondary segment).

Revenue is generated through rental income on owned assets and, to the extent applicable, management fees on administered properties, though specifics are not publicly disclosed. The business model is asset-heavy and family-controlled, with no external institutional investors, no public listing, no venture or private equity capital, and no disclosed funding rounds. The company is private, employs 11-50 people, and operates under the JJOP brand. There is no disclosed proprietary technology, AI/ML capability, or software platform; the operating model rests on traditional real estate ownership, leasing, and on-site property management.

Name

JJ Operating

Legal name

JJ Operating, Inc.

Website

https://jjop.com

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

11–50 employees

Short description

JJ Operating is a family-owned New York-based commercial real estate investment and management company founded in the 1970s by the Jemal Family, owning and managing approximately 9 million square feet of shopping centers, office buildings, data centers, and strip malls across the New York metro area, New Jersey, and Pennsylvania for corporate tenants and investors.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Management

NAICS

Real Estate Property Managers (53131)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Management for Family Offices (Acquisition, Development, Property Ops) (FSAAADAI)

Keywords

• Commercial real estate
• Property management
• Real estate investment
• Shopping centers
• Office buildings

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Distribution channels1 record

Core offering

JJ Operating, Inc. is a family-owned real estate investment and management company that owns, acquires, and manages commercial real estate assets totaling approximately 9 million square feet across the U.S. Northeast. Its portfolio spans shopping centers, office buildings, strip malls, data centers, retail properties, and mixed-use assets in markets including New York, New Jersey, and Pennsylvania. The company provides leasing and property management services to corporate tenants and offers investment opportunities in commercial real estate.

Product overview

JJ Operating is a single-service real estate investment and management company offering property acquisition, ownership, and management across commercial real estate asset classes. The company operates a portfolio of approximately 9 million square feet including shopping centers (Lawrence Shopping Center, Independence Plaza), office buildings (2501 Grand Concourse, 1775 Grand Concourse, 186 Montague St), data centers (165 Halsey Street), retail properties (164-10 Jamaica Ave, 249 E Front St, 278 8th Avenue), and mixed-use assets (1256 Indian Head Rd, 1600 St Georges Ave, 237 S. Orange Ave, 374 Fulton St, Warner Center, 131 Market Street). The company serves corporate tenants, investors, vendors, and financial institutions through a hands-on approach to property management.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Investment and Management Family-owned commercial real estate investment and management service that owns, acquires, and operates approximately 9 million square feet of shopping centers, office buildings, strip malls, data centers, retail properties, and mixed-use assets for corporate tenants and investors across the U.S. Northeast.

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 indicators2 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Vornado Realty Trust: A publicly traded REIT with a dominant NYC office and retail portfolio. Comparable to JJ Operating in asset-type mix and Manhattan concentration, though substantially larger and institutionally owned.
• Kimco Realty: A major publicly traded shopping center REIT with an East Coast concentration. Comparable to JJ Operating in retail/shopping center exposure, though at vastly larger scale and with institutional capital.
• SL Green Realty Corp. The largest office landlord in Manhattan, publicly traded and institutionally owned. Comparable in NYC office focus but operates at much larger scale with public-market governance.
• Empire State Realty Trust: A NYC-focused public REIT owning office and retail assets including the Empire State Building. Comparable in NYC commercial real estate focus and asset mix, but a public institutional operator.

Direct peers

• The Durst Organization: A long-tenured, family-owned New York real estate owner/operator with a large, diversified commercial portfolio spanning office, retail, and mixed-use assets. Highly comparable to JJ Operating in structure, ownership type, and NYC focus.
• RFR Realty: A privately held NYC real estate investment, development, and management firm with a portfolio spanning office, retail, and mixed-use. Comparable to JJ Operating as a private owner-operator in the NYC commercial market.
• Rudin Management Company: A third-generation, family-controlled NYC real estate firm operating a portfolio of office, residential, and mixed-use properties. Comparable to JJ Operating as a private, family-held commercial landlord with deep NYC roots.
• Taconic Partners: A privately held NYC commercial real estate investment, development, and management firm with office, retail, and mixed-use assets. Comparable to JJ Operating in ownership structure (private) and NYC-area portfolio focus.
• The Brodsky Organization: A privately held NYC real estate investment and development firm focused on office, retail, and mixed-use properties. Comparable to JJ Operating as a private NYC-area owner/operator with a multi-asset-class portfolio.
• The Moinian Group: A privately held, family-owned NYC real estate investment and management firm with a portfolio of office, retail, and mixed-use assets. Closely comparable to JJ Operating in business model and tri-state concentration.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Customer concentration

• LinkedInlinkedin.com/company/jj-operating-real-estate

Revenue estimate

Valuation estimate

Number of profiles

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 JJ Operating