CONNOLLY

What CONNOLLY does

CONNOLLY is a private, family-controlled real estate development and investment firm founded in 1972 by Tim Connolly and headquartered in Atlanta, Georgia. The company develops, leases, and manages retail, mixed-use, office, and residential properties across the Southeastern United States, with primary concentration in Metro Atlanta submarkets including Chamblee, Brookhaven, Sandy Springs, Woodstock, Lawrenceville, East Cobb, Grant Park, and East Atlanta Village. Since founding, CONNOLLY has completed more than 40 projects totaling over 3,000,000 square feet with a cumulative value approaching $500,000,000. Current owned and managed inventory includes mixed-use developments (Parkview on Peachtree, Marketplace Terrell Mill, Parkside on Dresden), anchored retail (Woodstock Mill District under construction, Martins Chapel Marketplace in JV with Sofran Partners), and third-party managed portfolios (Grant Park, East Atlanta Village). The company's service stack spans site acquisition, financing, design, development, project management, leasing, property management, asset management, and brokerage, delivered through a deliberately small in-house team.

The business model operates on three revenue layers: (1) development profit from ground-up construction and value-add acquisitions (e.g., acquiring Chastain Market in 2022 at 80% occupancy, repositioning it, and selling in 2026 at 97% occupancy), (2) recurring rental income from owned and managed retail/residential/office assets, and (3) third-party property management, leasing, and brokerage fees. Pricing is not publicly disclosed and is quote-based per square foot per property. Target customers include national anchor tenants (Kroger, Publix, Trader Joe's, Chick-fil-A, Chipotle, Panera, Wendy's, Books-A-Million, Sprouts), local restaurants and retailers, office tenants, and multi-family residents. The go-to-market is sales-led via a direct in-house leasing team using property websites, leasing flyers, and direct outreach.

Technically, CONNOLLY operates as a conventional real estate firm with no proprietary technology platform, API surface, software products, or disclosed AI/ML capabilities. Leadership is family-led under CEO Timothy "J.R." Connolly II (40 years tenure), with Principal David Connolly (ex-Bain & Company, Dartmouth) overseeing acquisitions and asset management, and Principal/CFO Meghan Schmidt (ex-Mastercard data and analytics, UPenn) overseeing development and finance. The firm's competitive positioning rests on 50+ years of reputation, long-standing tenant relationships, conservative capital deployment, and focused full-service execution rather than technology differentiation.

Name

CONNOLLY

Legal name

CONNOLLY

Website

https://connollyrealty.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

1–10 employees

Short description

CONNOLLY is a family-controlled Atlanta-based real estate developer and investor founded in 1972 that develops, leases, and manages retail, mixed-use, office, and residential properties across the Southeastern U.S., serving national anchor tenants, local retailers, restaurants, and residents.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Lessors of Real Estate (5311), Real Estate Property Managers (53131), Real Estate and Rental and Leasing (53)

SIC

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

akta.pro primary industry

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

akta.pro secondary industries

Property Management Advisory & Leasing Administration (FSAEAJAN), Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

Keywords

• Commercial real estate development
• Mixed-use properties
• Retail leasing
• Property management
• Real estate investment

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Development & Investment: CONNOLLY generates revenue through developing retail, mixed-use, office, and residential properties. Revenue is derived from property sales, leasing of retail/office/residential space, and asset management fees. The company also engages in value-add investments where they acquire underperforming properties, make capital improvements, increase occupancy, and sell for profit.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

CONNOLLY is a real estate development and investment company that develops, leases, manages, and invests in retail, mixed-use, office, and residential properties primarily in the Southeastern U.S. The company executes full-service real estate projects from site acquisition, financing, and design through development, leasing, property/asset management, and disposition, serving merchants, restaurants, businesses, and residents across more than 40 completed projects totaling over 3,000,000 square feet.

Product overview

CONNOLLY is a real estate development and investment company offering a focused, full-service approach to property development. Since 1972, the company has completed more than 40 retail, commercial land, office projects, and mixed-use projects totaling more than 3,000,000 square feet with a value of nearly $500,000,000. The company's product portfolio includes mixed-use developments (Parkview on Peachtree, Woodstock Mill District, Parkside on Dresden), retail shopping centers (Martins Chapel Marketplace, Chastain Market, Marketplace Terrell Mill), property management services (Grant Park Portfolio, East Atlanta Village Portfolio), and commercial land parcels for sale (Winder, Jasper Crossing, Dallas Commons). The company also provides leasing, acquisitions, project design and development management, property and asset management, and brokerage services.

Differentiator

Problem solved

Functional benefit

Products and services

• Parkview on Peachtree Mixed-use retail, restaurant, office, and residential development in Chamblee, Georgia offering 45,000 sq ft of street front boutique shops and restaurants, 10,000 sq ft of loft office space, and 500 multi-family units, for retailers, restaurants, office tenants, and residents.
• Woodstock Mill District Upcoming Publix-anchored retail district in Woodstock, Georgia comprising approximately 89,000 sq ft of new construction development and 28,000 sq ft of existing retail space to be renovated, targeting retailers, restaurants, and service operators.
• Parkside on Dresden Pedestrian-friendly retail and restaurant mixed-use development along Dresden Drive in Brookhaven, Georgia, leasing curated boutique retail and restaurant space to operators such as Mirae, Confab, El Valle, Honeysuckle Gelato, Cafe Vendome, Greene's Fine Foods, Brookhaven Dance, and F45.
• Martins Chapel Marketplace Shopping center under joint venture with Sofran Partners, shadow-anchored by Kroger at the Martins Chapel Road exit of Sugarloaf Parkway in Lawrenceville, Georgia, offering 18,780 sq ft of retail space for lease to retailers, restaurants, and service operators.
• Chastain Market 120,000 sq ft retail and office property at the intersection of Roswell Road and Windsor Parkway in Sandy Springs, Georgia, acquired in 2022 as a value-add investment, repositioned with Trader Joe's and Books-A-Million, and sold in 2026 at 97% occupancy.
• Marketplace Terrell Mill Mixed-use development in East Cobb, Georgia at the intersection of Terrell Mill Road and Powers Ferry Road, anchored by Kroger with 298 multi-family units, self-storage, and restaurant tenants including Chick-fil-A, Chipotle, Panera, and Wendy's. Sold by CONNOLLY in 2024.
• Grant Park Portfolio Property Management Third-party property management services for five neighborhood retail properties totaling 127,809 sq ft on Memorial Drive in Atlanta's Grant Park neighborhood, featuring local restaurants, retailers, and urban loft offices; managed by CONNOLLY since 2024.
• East Atlanta Village Portfolio Property Management Third-party property management services for three neighborhood retail properties totaling 25,698 sq ft on Glenwood and Gresham Avenues in East Atlanta Village, managed by CONNOLLY since 2024.
• Winder Land Parcels Five outparcels for sale on Georgia S.R. 53 across from the new Publix at Winder Hill in Barrow County, Georgia, with all utilities available, marketed to retail and commercial land buyers.
• Jasper Crossing Land Parcels Five outparcels for sale on Georgia S.R. 515 in Jasper, Georgia, shadow-anchored by Kroger and Ingles, with all utilities available, marketed to retail and commercial land buyers.
• Dallas Commons Land Parcels Two outparcels for sale at Kroger-anchored Dallas Commons in Paulding County, Georgia, sized 1.9 and 2.56 acres, marketed to retail and commercial land buyers.

Named customers9 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

Partnerships

Two partnerships are on record, tiered core.

• Sofran PartnerscoreStrategic or Co-development PartnerCONNOLLY is developing Martins Chapel Marketplace in joint venture with Sofran Partners. The property is a shopping center shadow-anchored by Kroger at the Martins Chapel Road exit of Sugarloaf Parkway in Lawrenceville, Georgia, including 18,780 square feet of retail space.
• PublixcoreChannel Partner/ Reseller/ DistributorPublix serves as an anchor tenant at CONNOLLY's Woodstock Mill District development in Woodstock, GA. The development is described as 'Publix-anchored' with approximately 89,000 square feet of new construction set for 2026-2027 delivery.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Branch Properties: Atlanta-based retail and mixed-use real estate investment and development firm focused on high-growth Southeastern markets with similar scale and product type as CONNOLLY's portfolio.
• RD Management: National retail property management, leasing, and redevelopment firm providing comparable services for grocery-anchored and mixed-use retail properties similar to CONNOLLY's portfolio.
• The Shopping Center Group: Southeastern US retail real estate services firm offering brokerage, development, and investment sales across grocery-anchored and mixed-use retail properties comparable to CONNOLLY's core business.
• Sembler Company: Retail real estate investment, development, and management firm operating across the Southeastern US with similar mixed-use and grocery-anchored shopping center focus as CONNOLLY.

Broad incumbents

• Brixmor Property Group: Publicly-traded retail REIT owning and operating open-air shopping centers nationwide, comparable to CONNOLLY's retail portfolio and tenant mix but at materially larger scale.
• Phillips Edison & Company: Publicly-traded retail REIT focused on grocery-anchored shopping centers across the US, providing a scaled public-market comparable to CONNOLLY's grocery-anchored retail development and asset management strategy.
• Federal Realty Investment Trust: Diversified REIT investing in grocery-anchored and mixed-use properties including several Southeastern US assets, comparable to CONNOLLY's high-quality mixed-use strategy at much larger scale.
• Regency Centers Corporation: National retail REIT focused on grocery-anchored shopping centers with significant Southeastern US presence and a tenant mix and product type directly comparable to CONNOLLY, but at much larger scale.
• Kite Realty Group: Retail REIT focused on open-air shopping centers with strong Southeastern US presence and a similar grocery-anchored and mixed-use product type as CONNOLLY.

Regional players

• TPA Group: Atlanta-based commercial real estate firm offering development, brokerage, and property management services with a regional Georgia focus comparable to CONNOLLY's core geographic market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/connolly

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 CONNOLLY