Tricor

What Tricor does

Tricor is a privately held Florida-based commercial real estate firm that develops, owns, leases, and sells office, industrial, retail, and land properties across 18 U.S. states. Under President and CEO Marc Hagle, the company and affiliated entities report nearly four decades of development history, with more than 17 million square feet of commercial buildings owned and developed and thousands of residential units built, spanning single-family communities, multi-use developments, apartment complexes, shopping centers, warehouses, medical facilities, recreational facilities, and office projects. Operations span states including Alaska, Alabama, Arizona, California, Florida, Georgia, Illinois, Kansas, Montana, New Mexico, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, and West Virginia, with affiliated companies owning real estate throughout the United States.

The company generates revenue through two primary streams: one-time commissions on commercial property sales (outparcels, free-standing buildings, and shopping centers) and ongoing leasing commissions on retail spaces, net lease properties, and land holdings ranging from 100 to over 5,000 square feet. Distribution is direct-to-customer via a Property Capsule-powered website portal with searchable listings filtered by transaction type, city, property type, and square footage, supplemented by phone and email inquiries. There is no proprietary technology platform, no disclosed AI/ML tooling, no institutional funding, no public listing, and no identified M&A or partnership activity in the available sources. Headcount is 11-50 employees and pricing is quote-based and not publicly disclosed, with transactions negotiated per property.

Name

Tricor

Legal name

Tricor

Website

https://tricor.net

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Tricor is a privately held Florida-based commercial real estate firm that develops, owns, leases, and sells retail, office, industrial, and land properties across 18 U.S. states, serving commercial property buyers and tenants through direct website portal transactions.

Ownership category

akta.pro rank

Headquarters

HQ city

Jackson

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Commercial Property Sales: Tricor generates revenue through the sale of commercial properties including outparcels, free standing buildings, and shopping centers.
2. Commercial Property Leasing: Tricor generates revenue through leasing commercial properties including retail spaces, net lease properties, and land holdings. Properties range from 100 sq ft to over 5,000 sq ft.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Tricor is a commercial real estate firm that sells and leases outparcels, free-standing buildings, shopping centers, retail spaces, net lease properties, and land holdings across 18 U.S. states. Properties in the leasing portfolio range from 100 sq ft to over 5,000 sq ft. The company has owned and developed more than 17 million square feet of commercial buildings and thousands of residential units under affiliated entities.

Product overview

Tricor operates as a commercial property sales and leasing platform offering two core service lines: Properties for Sale (covering outparcels, free-standing buildings, and shopping centers) and Properties for Lease (retail, net lease, and land holdings). The company manages approximately 1.7 million square feet of retail space in North Carolina and has developed over 17 million square feet of commercial buildings. The platform includes a searchable property database with filters for city, property type, and square footage.

Differentiator

Problem solved

Functional benefit

Products and services

• Properties for Sale

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves3 records

Expansion highlights3 records

Direct peers

• SITE Centers: Open-air shopping center REIT with a multi-state portfolio and dedicated leasing platform — similar asset profile and customer base (national retail tenants) to Tricor's shopping center holdings.
• EPR Properties: Specialty net-lease REIT with exposure to experiential, recreational, and medical properties — overlap with Tricor's recreational facilities and medical facility development.
• Phillips Edison & Company: Neighborhood shopping center owner-operator that develops, acquires, and leases grocery-anchored centers nationally — comparable to Tricor on multi-state retail ownership and leasing.
• Brixmor Property Group: Public open-air shopping center REIT that owns and actively leases a national portfolio of community and neighborhood shopping centers — directly comparable to Tricor's retail-centric, multi-state property and leasing model.
• National Retail Properties (NNN REIT): Net-lease retail REIT focused on single-tenant retail properties — directly relevant to Tricor's net lease and free-standing building offerings.
• Saul Centers: Self-managed REIT that develops, owns, and leases shopping centers and mixed-use properties — comparable vertically integrated, multi-state operating approach to Tricor.
• Kite Realty Group: Open-air shopping center owner-operator focused on mixed-use and retail centers across the U.S., with integrated development and leasing functions analogous to Tricor's vertical approach.
• Regency Centers: Grocery-anchored shopping center owner-developer with national footprint and direct in-house leasing teams — closely aligned with Tricor's owned-retail portfolio and active leasing operation.
• InvenTrust Properties: Open-air shopping center owner-operator with multi-state retail assets and direct leasing capabilities — comparable scale and operating model to Tricor's active leased portfolio.

Broad incumbents

• Kimco Realty: Large diversified retail REIT with open-air shopping centers across the U.S. — broader and more institutionalized than Tricor but operates the same shopping-center ownership and leasing model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tricor-properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Tricor