What Nedde Real Estate does

Nedde Real Estate is a privately held, founder-owned Vermont commercial real estate firm operating as a vertically integrated brokerage, property management, and development company under Broker/Owner Doug Nedde. The firm is headquartered at 747 Pine Street in Burlington, Vermont, and concentrates its activity in Chittenden County, with active assets and projects spanning Burlington, Winooski, South Burlington, Colchester, Williston, Essex Junction, Middlebury, Montpelier, St. Albans, and Shelburne. It serves commercial tenants and investors across banking, food and beverage, government, education, healthcare, technology, and nonprofit segments, plus residential tenants across multiple owned communities.

The company's portfolio includes 23+ development projects spanning residential, commercial, hospitality, and industrial properties, with completed and pipeline projects ranging from $2M to $43M in total cost. Active developments include the Sugar House Hotel (a 115-room Marriott Tribute Hotel in Winooski positioned as the first net-zero, zero-fossil-fuel hotel in the world, $43M) and Woodline Apartments (83 affordable workforce units in Winooski, $24M, Summer 2026 delivery). Owned/managed residential communities include The Nest (49 units), 77 Residences (50 units), Battell Block (33 units), and Jackson Court (11 units). Commercial holdings include 89 Main Street (90,000 SF Montpelier City Center), 110 West Canal Street (30,880 SF), 1889-1891 Williston Road (48,065 SF), and several industrial/flex assets leased to institutional tenants.

Revenue is generated through three streams: commission-based brokerage on commercial sales and leases (transaction fees), recurring property management fees for residential communities and commercial assets, and episodic development returns on repositioning and ground-up projects. The team of approximately 14 includes brokers, a CFO, leasing and property managers, a project manager, a superintendent, accounting staff, and assistant property managers. The firm has no proprietary technology platform; go-to-market is direct, sales-led brokerage supported by an organic-content website, social media, and email newsletters. Capital for development projects is sourced through JV partnerships with entities such as Cooper Enterprises, Leah Booska Trust, Alain Youkel, Redstone and Youkel LLC, Malone Properties, and Fernando Cresta, alongside conventional Vermont development financing.

Name

Nedde Real Estate

Legal name

Nedde Real Estate

Website

https://nedderealestate.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Nedde Real Estate is a Vermont-based, founder-owned commercial real estate firm offering vertically integrated brokerage, property management, and development services across Chittenden County, managing a portfolio of residential, commercial, industrial, and hospitality assets.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Offices of Real Estate Agents and Brokers (5312), Nonresidential Property Managers (531312), Lessors of Real Estate (5311)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

akta.pro secondary industry

Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)

Keywords

• Commercial real estate brokerage
• Property management services
• Real estate development
• Commercial property leasing
• Residential apartment rentals

Headquarters

HQ city

Burlington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Commercial Real Estate Brokerage: Commission-based brokerage services for commercial property sales and leases. Fees are typically structured as percentage of transaction value or per square foot charges.
2. Property Management: Ongoing property management services for commercial and residential properties, including tenant relations, maintenance coordination, and rent collection.
3. Real Estate Development: Development projects generating returns through property appreciation, construction, and repositioning of commercial and residential properties. Projects include The Nest, 77 Pine Street, Sugar House Hotel, and various apartment communities.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Nedde Real Estate is a Vermont-based commercial real estate firm that provides commercial property brokerage (sales and leasing), property management services, and real estate development. The company buys, develops, leases, and manages commercial properties (office, retail, industrial, flex) and residential apartment communities across Vermont, with a concentrated focus on Chittenden County.

Product overview

Nedde Real Estate is a Vermont-based commercial real estate company offering a portfolio of residential communities and commercial investment properties. Their residential offerings include The Nest (49 units in Burlington), 77 Residences (50 units in Burlington), Woodline Apartments (83 units coming to Winooski in 2026), Battell Block (33 units in Middlebury), and Jackson Court (11 units in Burlington). Their commercial portfolio includes office, retail, industrial, and flex properties across Vermont, as well as development projects such as the Sugar House Hotel (115-room Marriott Tribute Hotel in Winooski). The company also provides property management and brokerage services.

Differentiator

Problem solved

Functional benefit

Brands

• Nedde Development: Development division of Nedde Real Estate focusing on real estate development projects in Vermont

Products and services

• The Nest 49-unit residential apartment community at 79 Pine Street in downtown Burlington, featuring rooftop terrace, fitness room, bike storage, heated indoor parking, and mountain/lake views. For individual renters.
• 77 Residences 50-unit residential apartment community at 77 Pine Street in downtown Burlington, converted from the former People's United Bank building. Includes rooftop terrace, fitness room, pet-wash facility, game room, and onsite solar array. For individual renters.
• Woodline Apartments 83-unit workforce apartment building under development in Winooski, VT. Energy efficient construction with rooftop terrace, fitness room with Peloton, and proximity to downtown amenities. For individual renters seeking workforce housing.
• Battell Block Historic mixed-use property at 10 Merchants Row in Middlebury, VT with 33 apartments and 11 commercial spaces. Converted using historic tax credits to preserve the landmark building. For residential tenants and commercial tenants.
• Jackson Court Apartments 11-unit residential apartment building at 192-194 Jackson Court in downtown Burlington, offering studio, two-bedroom and three-bedroom apartments. For individual renters.
• 1889-1891 Williston Road Commercial investment property in South Burlington, VT with 48,065 SF on 3.41 acres. Includes a two-story wood frame office building (5,096 SF) and one-story steel frame industrial building (42,968 SF). Available for sale at $5,851,000. For commercial real estate investors.
• 110 West Canal Street Historic flex/office investment property in Winooski, VT with 30,880 SF. Originally constructed as a mill with hand hewn beams, high ceilings, and river views. Available for sale at $5,825,000. For commercial real estate investors.
• 89 Main Street - Montpelier City Center 90,000 SF business center in downtown Montpelier featuring office, retail, and service spaces ranging from 500-14,000 SF. For commercial tenants including government (State of Vermont) and nonprofits (National Wildlife Federation).
• Commercial Property Brokerage Services Brokerage and management of commercial real estate including office, retail, industrial, and land properties across Vermont. Services include property sales, leasing representation (landlord and tenant), and transaction management. For property owners, investors, and tenants in Vermont.
• Property Management Services Ongoing property management services for commercial and residential properties, including tenant relations, maintenance coordination, and rent collection. For property owners and tenants across Nedde's portfolio.
• Sugar House Hotel 115-room Marriott Tribute Hotel under development in Winooski, VT. Planned to be the first net-zero, zero-fossil-fuel hotel in the World with LEED PLATINUM design. Includes rooftop restaurant/bar and event spaces. For hospitality guests and event attendees.

Quantifiable outcome

• First net-zero, zero-fossil-fuel hotel in the World with LEED PLATINUM design (Sugar House Hotel)
• +2 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Alain YoukelcoreStrategic or Co-development Partner · 1 January 2017Partnership on Battell Block historic building in downtown Middlebury. 68,200 SF mixed-use commercial building converted into 29 luxury apartments, office space and retail using historic tax credits. Total project cost: $6,300,000.
• Cooper Enterprises, Inc.coreStrategic or Co-development PartnerJoint development partnership on 747 Pine Street project, redeveloping a 1950s food distribution warehouse into unique energy efficient commercial property housing Nedde Real Estate, North Star Leasing, and Burlington Furniture Company. Total project cost: $7,600,000.
• Leah Booska TrustcoreStrategic or Co-development PartnerPartnership on 60 Krupp Drive industrial expansion in Williston. Redevelopment serving Fleetpride with 10,000 SF addition resulting in 24,000 SF modernized facility completed in early 2022. Total project cost: $3,200,000.
• Redstone and Youkel LLCcoreStrategic or Co-development PartnerManaging partner in Riverrun Apartments (56 high-end apartments along Winooski River, $13M) and Redstone Lofts (144 apartments for UVM, $32M) developments.
• Malone PropertiescoreStrategic or Co-development PartnerPartnership on multiple industrial repurposing projects including 10516 US Route 116 Hinesburg (88,000 SF former Saputo Cheese facility, $5.5M) and 2281 Route 66 Randolph (75,000 SF former Vt Pure water facility, $2.8M).
• Fernando CrestacoreStrategic or Co-development PartnerCo-acquisition partner on multiple properties including 1 Jackson Street Essex Junction Maple Mill ($2M) and 1889-1891 Williston Road commercial building ($3.8M). Cresta also serves as broker at Nedde Real Estate.
• Keller Williams VermontminorChannel Partner/ Reseller/ DistributorReal estate brokerage representing buyer (Isaiah Donaldson) in sale of 200 Commerce Street, Williston to Level 77 Holdings, LLC.
• Donahue and AssociatesminorChannel Partner/ Reseller/ DistributorReal estate brokerage representing buyer (Steve Donahue) in Beta Technologies' purchase of 5 Calkins Court and 4017 Williston Road, South Burlington.

Scale indicators10 records

Recent moves15 records

Expansion highlights6 records

Direct peers

• KW Vermont (Keller Williams Vermont): Vermont-licensed real estate brokerage affiliated with the national KW network, actively transacting commercial and residential property in the same markets as Nedde. Already appears as a counterparty broker on Nedde-led deals in Burlington-area transactions.
• Hickok & Boardman Realty Partners: Long-standing Vermont-based full-service real estate firm offering brokerage, property management, development, and commercial services across Chittenden County and broader Vermont. Most directly comparable on geography, vertical mix, and target customer base.
• The Richards Group (Vermont): Vermont-based commercial real estate firm with brokerage, development, property management, and construction services supporting owners and tenants across the state. Comparable on the integrated service offering, asset classes (multifamily, industrial, office, retail), and Vermont-only footprint.
• Coldwell Banker Hickok & Boardman: Vermont residential and commercial real estate firm operating under the Coldwell Banker brand, with overlapping service lines (residential sales, commercial leasing, historic properties) across the same Chittenden County corridor.

Regional players

• LandVest: New England-based real estate brokerage and advisory firm focused on luxury residential, rural, timberland, and commercial/investment properties. Comparable on Vermont geography, specialty/historic property knowledge, and high-end client relationships.
• Four Seasons Sotheby's International Realty: Vermont/New Hampshire luxury and residential real estate brokerage overlapping with Nedde's residential rental/sale and historic-conversion condo/loft products across Burlington, Middlebury, and Stowe-area markets.

Broad incumbents

• CBRE Group: Global commercial real estate services firm providing brokerage, property management, and investment advisory across all asset classes. Represents the upper-tier competitive benchmark for institutional tenant relationships and capital markets advisory that Nedde sells against.
• SVN International Corp. Commercial real estate brokerage and advisory franchise with regional offices across New England. Comparable go-to-market model of commission-based brokerage, property sales, and landlord/tenant representation for office, retail, industrial, and multifamily assets.
• Cushman & Wakefield: Global real estate services firm providing brokerage, asset services, and project management across all major commercial asset classes. Competes for the same large-tenant leasing mandates and institutional landlord portfolios Nedde handles in Vermont.
• JLL (Jones Lang LaSalle): Global real estate services firm with brokerage, property management, and capital markets capabilities. Comparable on the property management and investment sales functions Nedde performs locally for regional/National tenants such as New York Life and Bank of America-style occupiers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/nedderealestate
• Facebookfacebook.com/nedderealestate
• Instagraminstagram.com/nedderealestate

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Nedde Real Estate