What Duffy Properties does

Duffy Properties is a privately held, family-owned real estate firm founded in the 1960s and now in its third generation of Duffy family management. The company operates as a vertically integrated developer, constructor, and property manager of commercial, industrial, retail, and multi-family residential assets concentrated in the Greater Boston market across Massachusetts and southern New Hampshire. Its portfolio spans more than 1.2 million square feet across 20+ properties and includes the 65-acre Waverley Oaks Park mixed-use campus, the Blanchard Woods three-building office park in Burlington, five residential communities under the OnMark Living brand totaling 499+ units, the Shoppes at Simonds Park retail center, and the 50,000 SF Waverley Oaks Athletic Club fitness facility.

Revenue is generated through six streams: commercial property leasing (office, industrial, R&D, retail, medical, and flex space), multi-family residential leasing, retail and restaurant leasing, in-house construction and development services, property management, and athletic club memberships. The firm serves enterprise and SMB tenants across industries including healthcare (ConvenientMD), semiconductor and AI/counter-drone technology (Coventor, MatrixSpace), brewery (Mighty Squirrel Brewing Co.), boutique fitness (Burn Boot Camp, Birdie Bar), and food and beverage (JulieAnne's Bakery, Goodnight Johnny's). Go-to-market combines direct in-house leasing with broker channel partnerships (notably Colliers for Blanchard Woods) and an eTenantCare tenant portal for existing commercial tenants.

The business model is owner-funded and long-term in orientation; the firm explicitly positions itself as a long-term holder rather than a flip operator. Core competitive advantages cited by the company include the vertical integration of the development lifecycle, six decades of brand reputation, established municipal relationships that accelerate permitting, and amenity-rich campus environments that are difficult for competitors to replicate.

Name

Duffy Properties

Legal name

Duffy Properties

Website

https://www.duffyproperties.com

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

11–50 employees

Short description

Duffy Properties is a privately held, family-owned real estate firm in Waltham, MA that develops, constructs, and manages a 1.2M+ SF portfolio of commercial, retail, residential, and mixed-use properties across Greater Boston and southern New Hampshire under brands including Waverley Oaks Park, OnMark Living, Blanchard Woods, and Shoppes at Simonds Park.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Lessors of Real Estate (5311), Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (531210)

SIC

Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industries

Land & Development Site Brokerage (BPAJABAG), Single-Family Rental (SFR) Property Management (BPAJAFAB)

Keywords

• Commercial real estate
• Property management
• Multi-family housing
• Mixed-use development
• Real estate construction

Headquarters

HQ city

Waltham

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Commercial Property Leasing: Revenue generated from leasing office, industrial, R&D, retail, medical, and flex space across the Greater Boston portfolio to commercial tenants.
2. Multi-Family Residential Leasing: Revenue from leasing residential units (apartments and townhomes) across five residential communities: Briar Glen Village (151 units), Tudor Glen Village (180 units), Shaker Glen Village (98 units), Residences at Simonds Park (29 units), and Townhomes at 285 (41 units).
3. Retail and Restaurant Leasing: Revenue from leasing retail space including Shoppes at Simonds Park (53,500 SF) and other retail tenants within mixed-use properties.
4. Construction and Development Services: In-house construction services including ground-up construction, build-to-suit, tenant improvements, and renovation/repositioning of existing real estate.
5. Property Management Services: On-site responsive property management, leasing, and maintenance services focused exclusively on the company's own portfolio.
6. Athletic Club Memberships: Waverley Oaks Athletic Club generates revenue through individual and group fitness memberships, personal training, and nutrition services. The club offers complimentary memberships to employees of Waverley Oaks Park tenants.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Duffy Properties is a vertically integrated real estate development, construction, and property management firm that acquires, develops, leases, and manages commercial office, industrial, flex, medical, retail, and multi-family residential properties across the Greater Boston area. The company operates its own portfolio spanning over 1.2 million square feet across 20+ properties, plus a 50,000 sq. ft. athletic club, and delivers in-house services from land acquisition through ongoing property management.

Product overview

Duffy Properties operates as a vertically integrated real estate development, construction, and property management company. Their core services include Development & Acquisitions (pursuing land, office, industrial, and multi-family property opportunities), Construction (ground up, build-to-suit, tenant improvements, renovations), and Property Management & Leasing (hands-on management for their own portfolio). The company manages a diverse portfolio including Waverley Oaks Park (65-acre mixed-use campus with office, retail, and Waverley Oaks Athletic Club fitness facility), Blanchard Woods (three-building office campus in Burlington), OnMark Living residential communities (Briar Glen Village, Tudor Glen Village, Shaker Glen Village, Townhomes at 285, Residences at Simonds Park), and The Shoppes at Simonds Park retail center.

Differentiator

Problem solved

Functional benefit

Brands

• Waverley Oaks Athletic Club: 50,000 sq. ft. state-of-the-art athletic facility offering fitness equipment, group classes, salt filtration pool, and wellness services.
• OnMark Living

Products and services

• Development & Acquisitions Pursues acquisition of land, office, industrial, and multi-family properties to grow and enhance the company's long-term portfolio. Targets value creation through development, repositioning, and long-term ownership.
• Construction Provides ground-up construction, build-to-suit, tenant improvements, redevelopment, repositioning, and system and infrastructure upgrades for the company's own portfolio and tenant build-outs.
• Property Management & Leasing Delivers hands-on property management, office and retail leasing, and on-site maintenance services exclusively for the company's own portfolio of properties in Greater Boston.
• Waverley Oaks Park 65-acre mixed-use campus in Waltham, MA offering over 1.2 million SF of office, retail, flex, medical, and R&D space along with fitness, dining, and outdoor recreation amenities. Leased to commercial tenants across multiple buildings.
• Waverley Oaks Athletic Club 50,000 sq. ft. athletic facility offering fitness equipment, 85+ group classes, salt filtration pool, sauna, personal training, and nutrition services. Serves individual members, corporate tenants, and Waverley Oaks Park employees.
• Blanchard Woods Three-building office park in Burlington, MA (Woods Corner) offering office, R&D, and flex space. Buildings range from 41,014 SF to 120,000 SF. Listed through Colliers commercial brokerage.
• OnMark Living Residential Communities Residential brand encompassing 499+ multi-family apartments and townhomes across five communities: Briar Glen Village (151 units), Tudor Glen Village (180 units), Shaker Glen Village (98 units), Residences at Simonds Park (29 units), and Townhomes at 285 (41 units). Leases offered directly to individual residential tenants.
• The Shoppes at Simonds Park 53,500 SF retail shopping and dining destination in Burlington, MA adjacent to The Residences at Simonds Park. Hosts retail and restaurant tenants with high-visibility co-tenancy and complementary amenities.

Quantifiable outcome

• Over 1.2 million SF of mixed-use space managed across 20+ properties in Greater Boston
• +4 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

Eight partnerships are on record, tiered minor, core and flagship.

• American Cancer SocietyminorOthers · 1 January 2026Waverley Oaks Athletic Club's annual Pedal to End Cancer initiative raises funds for the American Cancer Society. The 2026 event raised a record $37,000; the 2024 event raised $27,300.
• Farmer's FridgecoreGTM or Marketing Partner · 1 January 2025Farmer's Fridge smart fridge located in the main lobby of Waverley Oaks Athletic Club offering chef-curated, grab-and-go meals, salads, protein bowls, and snacks for campus tenants and gym members.
• Fooda (Blanchard Woods)coreGTM or Marketing Partner · 1 January 2024Fooda partners with local restaurants to provide fresh lunch options at Blanchard Woods office campus. Rotating selection of food trucks and pop-up restaurants from vendors including Lalu's Chicken, Zuzu Momo, Jersey Mike's, and Bellino's Trattoria served in the cafeteria and patio area.
• Duffy Health CenterminorOthers · 1 January 2024Duffy Properties provides annual financial support to Duffy Health Center, a nonprofit federally qualified health center in Cape Cod providing comprehensive healthcare to homeless and unstably housed individuals. Duffy Properties has supported the organization for multiple years.
• Burlington Area Chamber of Commerce (BACC)coreGTM or Marketing Partner · 1 January 2024Partnership with the Burlington Area Chamber of Commerce for ribbon-cutting ceremonies and business spotlight events at The Shoppes at Simonds Park, including JulieAnne's Bakery and Café and Birdie Bar openings.
• Central Rock Gym (at Waverley Oaks Park)coreStrategic or Co-development Partner · 1 January 2024Central Rock Gym operates a bouldering-only rock climbing facility with 4,000 SF of climbing terrain at Waverley Oaks Park, serving campus tenants and fitness club members.
• Colliers (Commercial Real Estate Brokerage)coreChannel Partner/ Reseller/ Distributor · 1 January 2024Colliers lists available office space at Blanchard Woods properties (76, 78, 80 Blanchard Road) in Burlington, MA, serving as the brokerage partner for commercial leasing of these office buildings.
• Mighty Squirrel Brewing Co.flagshipStrategic or Co-development Partner · 1 January 2018Long-term flagship tenant at Waverley Oaks Park since 2018, occupying 23,000 SF with 4,000 SF taproom, 5,000 SF brewing space, two patios, and additional space for Central Rock Gym. Waltham's only brewery and taproom, serving as a popular family-friendly destination and food truck hub within the campus.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• The Davis Companies: Vertically integrated Boston-area real estate investment, development, and management firm operating across commercial, multifamily, and mixed-use product—closely matching Duffy's integrated development and ownership model in the same geography.
• Leggat McCall Properties: Long-standing Boston-based developer and owner of Class A office, multifamily, and mixed-use properties with a similar vertically integrated development and management approach.
• National Development: New England-focused real estate developer and investor active in office, multifamily, retail, and mixed-use projects across Greater Boston—directly comparable geography and product mix.

Broad incumbents

• Boston Properties: Large publicly traded office REIT with a dominant footprint in Greater Boston; competes for the same Class A office tenants but operates at much greater scale and as a public REIT.
• AvalonBay Communities: National multifamily REIT with a substantial New England apartment portfolio; competes with Duffy's OnMark Living residential communities and has significantly more capital and scale.
• Equity Residential: Large publicly traded multifamily REIT with East Coast urban and suburban apartment holdings; comparable residential product and tenant base but operates at much greater institutional scale.
• Greystar Real Estate Partners: Largest US multifamily and student housing operator and investment manager; comparable residential property management capability but at significantly greater scale and with global capital access.
• Toll Brothers: National luxury homebuilder and multifamily developer with Greater Boston presence; overlaps with Duffy's townhome and residential community development activities but at much larger scale.

Others

• Colliers International: Global commercial real estate services firm that is also Duffy's channel partner for leasing Blanchard Woods; included as a comparable adjacent services provider and capital markets intermediary in the same asset class.
• CBRE Group: Largest global commercial real estate services and investment firm with deep Greater Boston brokerage and property management presence—compares on the brokerage/management side rather than as a direct owner-developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights6 records

Customer concentration

• Xx.com/duffyproperties
• Facebookfacebook.com/duffyproperties
• LinkedInlinkedin.com/company/duffy-properties
• Instagraminstagram.com/duffyproperties

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries5 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 Duffy Properties