Thirty-Four Commercial
Thirty-Four Commercial, Inc. is a privately held, boutique Dallas-based commercial real estate firm delivering agency leasing, property management, tenant representation, project management, and acquisitions/dispositions for Class A office and industrial assets across the DFW metroplex, serving institutional owners and corporate tenants.
- Company typePrivate
- Founded2019
- HeadquartersDallas, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Thirty-Four Commercial does
Thirty-Four Commercial, Inc. is a privately held, boutique, full-service commercial real estate firm headquartered at 4514 Travis Street, Suite 314, Dallas, Texas. Founded by Sarah Kennington after the 2019 acquisition of her prior firm Peloton Commercial Real Estate by JLL, the company serves commercial property owners and corporate tenants across the Dallas-Fort Worth metroplex with a five-line service platform: Project Leasing (Office and Industrial), Property Management, Tenant Representation, Project Management, and Acquisitions & Dispositions. The firm positions itself as a "dirt to disposition" provider delivering white-glove service to a mix of institutional asset owners (Piedmont Office Realty Trust, Lionstone Investments, Welltower, RED Development, GEM Realty) and family-owned or corporate properties; disclosed notable transactions include the 250,000 RSF Epsilon headquarters win, the 204,000 RSF Gartner headquarters win, an Akin Gump 75,000 RSF lease at The Union, multiple large tenant-representation deals at The Link at Uptown (Houlihan Lokey, PMG, Newmark, McGuire Woods, Shearman & Sterling), and a 2026 office leasing engagement on the 460,000 SF Watters Creek Village mixed-use asset in Allen, Texas.
The underlying technology is conventional for the CRE brokerage industry and not a differentiator: property-management operations run on industry-standard accounting platforms Yardi and MRI, and tenant services run on CommercialCafe. There is no proprietary platform, no disclosed AI/ML capability, no API surface, no app, and no listed integrations; the firm's competitive product is senior broker expertise and lifecycle account coverage rather than software. The team is led by Founder and President Sarah Kennington, COO Jim Hodges, CFO Matt Roth, Partner and Managing Director Bryce Jackson, and Partner Clayton Kennington, with operating geographies concentrated in DFW plus selected Texas and Midwest accounts.
Revenue is generated through four primary streams: leasing commissions on office and industrial lease transactions (transaction fees), recurring property management fees on the roughly 2M+ RSF of commercial assets under management, transaction fees for acquisitions and dispositions / investment advisory, and project management fees tied to tenant build-outs. A distinctive commercial mechanic is the firm's 3.4% charitable giveback on transaction fees, which is folded into its positioning but is not a material revenue item. The firm's go-to-market is relationship-based enterprise field sales, with brokers engaging institutional owners and corporate tenants directly; marketing relies on a website, LinkedIn, Instagram and Facebook presence, and referral traffic through TREC and NTCAR memberships. There is no disclosed institutional capital, parent company, or funding history; ownership appears closely held by the founding partners.
Thirty-Four Commercial firmographics
Firmographics- Name
- Thirty-Four Commercial
- Legal name
- Thirty-Four Commercial, Inc.
- Website
- https://thirty-four.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Thirty-Four Commercial, Inc. is a privately held, boutique Dallas-based commercial real estate firm delivering agency leasing, property management, tenant representation, project management, and acquisitions/dispositions for Class A office and industrial assets across the DFW metroplex, serving institutional owners and corporate tenants.
- Ownership category
- akta.pro rank
Where Thirty-Four Commercial is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Thirty-Four Commercial business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Leasing Commissions: Brokerage commissions earned on office and industrial lease transactions, including tenant representation and landlord representation for new leases, renewals, relocations, and subleases.
- Property Management Fees: Ongoing property management fees for commercial properties under management, providing white-glove service including maintenance, tenant relations, accounting, and lease administration.
- Acquisition & Disposition Fees: Transaction fees for representing buyers and sellers in commercial real estate acquisitions and dispositions, including investment advisory services and market analytics.
- Project Management Services: Construction and project management fees for overseeing tenant build-outs, coordinating contractors, and representing client interests during construction projects.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Thirty-Four Commercial product offering
Product offeringCore offering
Thirty-Four Commercial is a Dallas-based boutique commercial real estate firm providing Class A office and industrial leasing, property management, tenant representation, project management, and acquisitions/dispositions services. The firm manages more than 2 million RSF and has executed more than 3.4 million RSF in transactions for institutional owners, family-owned properties, and corporate tenants in the DFW metroplex.
Product overview
Thirty-Four Commercial is a boutique commercial real estate firm offering a comprehensive suite of services: Project Leasing (Office and Industrial), Property Management, Tenant Representation, Project Management, and Acquisitions & Dispositions. The company specializes in Class A office and industrial properties across the DFW market, managing over 2 million RSF and executing over 3.4 million RSF in transactions.
Differentiator
Problem solved
Functional benefit
Products and services
- Project Leasing - Office Agency leasing services for Class A office properties, including tenant acquisition, renewals, relocations, pre-leasing, and subleases, provided to commercial property owners.
- Project Leasing - Industrial
- Property Management
- Tenant Representation
- Project Management
- Acquisitions & Dispositions
Quantifiable outcome
- 2M+ RSF under management across commercial portfolio
- +2 more outcomes
Companies that use Thirty-Four Commercial
Customer profileNamed customers16 records
Segments3 records
Ideal customer profiles3 records
Thirty-Four Commercial technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Thirty-Four Commercial partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor.
- Town LaneminorTown Lane acquired Watters Creek Village and engaged Thirty-Four Commercial for office leasing efforts as part of a joint venture with Gillon Property Group. Thirty-Four Commercial is handling office leasing while SHOP Companies handles retail leasing for the 460,000 SF mixed-use property in Allen, Texas.
- Gillon Property GroupminorJoint venture partner with Town Lane acquired Watters Creek Village. Thirty-Four Commercial engaged for office leasing efforts on the 460,000 SF grocery-anchored mixed-use property.
- SHOP CompaniesminorRetail leasing partner engaged alongside Thirty-Four Commercial for Watters Creek Village project. SHOP Companies handles retail leasing while Thirty-Four handles office leasing.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Thirty-Four Commercial competitors and assessment
Company assessmentRegional players
- NAI Robert Lynn: Dallas-based full-service commercial real estate firm and NAI Global affiliate providing office, industrial, retail, and investment sales brokerage plus property management. Closely comparable DFW boutique competing for similar middle-market and institutional landlord assignments.
- Stream Realty Partners: Dallas-headquartered commercial real estate services firm providing leasing, property management, and investment sales across office, industrial, and retail in Texas and other Sun Belt markets. Closest regional competitor to Thirty-Four Commercial in DFW, with overlapping service lines and similar institutional client base.
- Holt Lunsford Commercial: Dallas-based boutique commercial real estate firm offering office and industrial leasing, property management, and tenant representation in the DFW metroplex. Directly comparable as a local boutique with a similar service mix competing for the same regional landlords and tenants.
Broad incumbents
- JLL (Jones Lang LaSalle): Global commercial real estate services firm offering agency leasing, property management, tenant representation, and capital markets across all major U.S. markets. Directly comparable as the acquirer of Thirty-Four's founder's prior firm (Peloton Commercial Real Estate), and a direct competitor for the institutional landlord and Fortune 500 tenant mandates the boutique pursues.
- Newmark Group: Commercial real estate services firm offering leasing, investment sales, and property management across major U.S. markets. Notably appears as a Thirty-Four Commercial tenant (45,000 RSF at The Link at Uptown), and competes for the same agency leasing and tenant rep mandates in DFW.
- Cushman & Wakefield: Global full-service commercial real estate firm with agency leasing, property management, and tenant representation practices across all major U.S. markets. A scaled competitor for the same institutional and corporate accounts Thirty-Four Commercial serves in DFW.
- CBRE Group: Largest global commercial real estate services firm, providing agency leasing, property management, tenant rep, and investment sales across all asset classes and geographies. Competes with Thirty-Four Commercial for the same institutional landlord assignments and Fortune 500 tenant representation mandates.
- Colliers International: Global commercial real estate services and investment management firm with U.S. agency leasing, property management, and tenant representation practices. A scaled competitor for institutional landlord mandates and corporate tenant representation, particularly in DFW.
Direct peers
- Transwestern: National commercial real estate services firm with strong DFW presence offering agency leasing, property management, and tenant representation services. Most directly comparable peer in business model — boutique-ish full-service CRE firm with deep Texas roots; the founder previously worked at Transwestern before Peloton/JLL.
Emerging players
- Peloton Commercial Real Estate: Former Dallas-based boutique commercial real estate firm (now part of JLL after its 2019 acquisition) where Thirty-Four Commercial's founder Sarah Kennington was previously a Principal. Highly comparable in boutique positioning, DFW focus, and service mix, and a direct line of founder pedigree for Thirty-Four Commercial.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Thirty-Four Commercial social profiles
Digital presenceThirty-Four Commercial financial estimates
Financial estimateRevenue estimate
Valuation estimate
Thirty-Four Commercial leadership team
Management profileNumber of profiles
Profiles12 records
Thirty-Four Commercial funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Thirty-Four Commercial M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Thirty-Four Commercial
What does Thirty-Four Commercial do?
Thirty-Four Commercial is a Dallas-based boutique commercial real estate firm providing Class A office and industrial leasing, property management, tenant representation, project management, and acquisitions/dispositions services. The firm manages more than 2 million RSF and has executed more than 3.4 million RSF in transactions for institutional owners, family-owned properties, and corporate tenants in the DFW metroplex.
Is Thirty-Four Commercial a public or private company?
Thirty-Four Commercial is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Thirty-Four Commercial founded?
Thirty-Four Commercial was founded in 2019. It employs 11 to 50 people.
Where is Thirty-Four Commercial based?
Thirty-Four Commercial is headquartered in Dallas, United States, in the North America region.
How does Thirty-Four Commercial make money?
Four revenue lines are on record. Leasing Commissions are the primary driver. The others are property Management Fees, acquisition & Disposition Fees and project Management Services.
Who are Thirty-Four Commercial's main competitors?
Regional players on record are NAI Robert Lynn, Stream Realty Partners and Holt Lunsford Commercial. Broad incumbents are JLL (Jones Lang LaSalle), Newmark Group, Cushman & Wakefield, CBRE Group and Colliers International. Transwestern is listed as a direct peer. Peloton Commercial Real Estate is listed as an emerging player.
Does Thirty-Four Commercial have an API?
No public API is recorded for Thirty-Four Commercial.