MarketPlace Management

What MarketPlace Management does

MarketPlace Management, Inc. is a privately held, fully integrated commercial real estate investment firm founded in 1990 by Maurice Hull and Coy Williard, headquartered in High Point, North Carolina with a regional office in Charlotte. The company owns and manages a portfolio of more than 25 grocery-anchored necessity retail centers totaling approximately 1 million+ square feet across North Carolina, Florida, and Virginia, with a concentration in secondary and tertiary markets. Core products include retail shopping centers anchored by grocers such as Food Lion, Winn Dixie, and Lowe's Foods (with additional anchors like AMC Theatres, Big Lots, and Family Dollar at specific locations), outparcel land offered for ground lease or build-to-suit development, and a small specialized industrial/manufacturing facility at 1826 Albertson Road in High Point.

The business model is owner-operator commercial real estate: MarketPlace acquires, owns, and directly manages its own properties, leasing space to a mix of national and regional anchor tenants and local in-line tenants (restaurants, financial institutions, service providers, and small retailers). Revenue is generated through recurring long-term commercial leases with no disclosed pricing or third-party brokerage involvement; leasing inquiries are handled directly via phone, email, and a website contact form. The firm explicitly states it manages only the properties it owns, which it positions as a service quality differentiator. There is no disclosed technology platform, app, or digital product; tenant acquisition is relationship-driven and supported by SEO-optimized property and location pages on the company website.

Leadership consists of CEO and co-founder Maurice Hull, President Tom Gates, and CFO Ron Billotte, following the 2024 passing of co-founder Coy Williard. The company operates as an independent, founder-controlled firm with no disclosed institutional investors, parent company, funding rounds, or public filings. Operational scale is modest, with 11-50 employees across two offices, consistent with a regional owner-operator profile rather than an institutional REIT or PE-backed platform.

Name

MarketPlace Management

Legal name

MarketPlace Management, Inc.

Website

https://mpmanage.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

MarketPlace Management is a privately held, founder-owned commercial real estate firm that owns and directly manages 25-plus grocery-anchored shopping centers totaling over one million square feet across North Carolina, Florida, and Virginia, serving national anchors such as Food Lion and local retailers in secondary and tertiary markets.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

akta.pro primary industry

Retail Brokerage (BPAJABAB)

Keywords

• Commercial real estate
• Retail property management
• Grocery-anchored centers
• Shopping center leasing
• Real estate investment

Headquarters

HQ city

High Point

HQ country

United States

HQ region

North America

Offices29 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Commercial Real Estate Rental Income: MarketPlace Management generates revenue through leasing retail shopping center space to tenants. The company owns and operates grocery-anchored necessity centers across NC, FL, and VA, collecting rent from diverse tenant mixes including grocery anchors (Food Lion, Winn Dixie, Lowe's Foods), restaurants, service providers, financial institutions, and retail businesses. Revenue is primarily recurring from long-term commercial leases.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

MarketPlace Management is a fully integrated commercial real estate investment firm that owns and operates grocery-anchored necessity retail shopping centers in secondary and tertiary markets across North Carolina, Florida, and Virginia. The company leases retail space within its 25+ shopping centers to anchor grocery tenants (such as Food Lion, Winn Dixie, and Lowe's Foods) along with complementary retail, restaurant, and service tenants, and provides direct property management and leasing services.

Product overview

MarketPlace Management is a fully integrated commercial real estate investment firm that owns and manages a portfolio of grocery-anchored necessity retail centers in secondary and tertiary markets across North Carolina, Florida, and Virginia. The core offering consists of retail shopping centers (the primary product), complemented by outparcel land development opportunities and specialized industrial/manufacturing facilities. The portfolio includes 25+ shopping centers totaling approximately 1 million+ square feet of retail space, anchored primarily by grocers such as Food Lion, Winn Dixie, and Lowe's Foods, along with various national and local tenants.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Shopping Centers Grocery-anchored necessity retail centers located in secondary and tertiary markets, including Mariner Crossing, Oakboro Shopping Plaza, Murfreesboro Shopping Center, East Dixie Drive Shopping Center, and 22 additional shopping centers across North Carolina, Florida, and Virginia. Tenants lease retail space from MarketPlace Management, which directly owns and operates all properties in its portfolio.
• Outparcel Land

Named customers10 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

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Brixmor Property Group: Owner and operator of ~370 open-air shopping centers totaling ~65M SF, with a strong grocery-anchored portfolio. Comparable asset class (necessity-anchored retail) and similar leasing/operating model, though at institutional scale.
• Kite Realty Group: Public REIT owning ~165 open-air shopping centers predominantly anchored by high-performing grocery stores. Operationally and strategically aligned with MPM's grocery-anchored necessity focus, though at multi-state institutional scale.
• Phillips Edison & Company: Internally-managed REIT focused exclusively on grocery-anchored neighborhood and community shopping centers. Closely comparable strategy — small-format, necessity-retail centers with strong grocery anchors — and tracks MPM's tenant mix philosophy.
• Retail Opportunity Investments Corp (ROIC): Public REIT specializing in grocery-anchored shopping centers on the West Coast and East Coast. Directly comparable asset class with similar anchor-tenant relationships and community-center positioning.
• Federal Realty Investment Trust: Owner of high-quality grocery-anchored mixed-use shopping centers primarily on the East Coast. Directly comparable operating model and product format, with overlap in Mid-Atlantic / Southeast geographies (Virginia, North Carolina).
• Saul Centers: Mid-Atlantic-focused REIT operating grocery-anchored shopping centers and mixed-use properties. Strong geographic comparability with MPM's NC/VA footprint and similar necessity-retail investment thesis.
• SITE Centers: Open-air shopping center REIT focused on necessity and value-oriented retail properties. Directly comparable product category, with similar grocery-anchor dependency and community-center tenant profile.
• Kimco Realty: Largest publicly-traded owner of open-air, grocery-anchored shopping centers in the US. Directly comparable to MPM in product type (necessity-retail centers with grocery anchors), though at vastly greater scale and with national geographic diversification.

Broad incumbents

• Tanger Inc. Larger publicly-traded retail-focused REIT (outlet centers), providing a broader listed-sector benchmark for retail real estate valuation, capital markets access, and operating leverage in physical retail.
• Regency Centers: National grocery-anchored shopping center REIT that competes for similar grocery-anchored necessity-retail assets, particularly in the Southeast. A potential strategic acquirer of a tertiary-market portfolio like MPM's.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 MarketPlace Management