WDP Partners
WDP Partners is a Phoenix-based private commercial real estate investment and development firm founded in 2002 by former Westcor executives, specializing in retail, office, self-storage, and industrial properties across the southwestern US.
- Company typePrivate
- Founded2002
- HeadquartersPhoenix, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What WDP Partners does
WDP Partners, LLC is a privately held commercial real estate investment and development firm founded in 2002 and headquartered in Phoenix, Arizona. The company was formed by four former senior executives of Westcor Realty Limited Partnership — Robert L. Ward, Gilbert W. Chester, John F. Rasor, and Robert G. Mayhall — shortly after the $1.6 billion sale of Westcor to Macerich in July 2002. WDP specializes in identifying, acquiring, developing, and managing commercial real estate projects across the metropolitan Phoenix area and the southwestern United States, with a portfolio spanning self-storage facilities, regional malls and power centers, Class A office buildings, industrial/distribution facilities, and mixed-use developments.
The firm's operating model is project-based and joint-venture-heavy, with WDP typically partnering with capital partners and co-developers (Macerich, Titan Development, Kitchell Development, Pederson Group, RED Development, Dillard Stores Services) to acquire, develop, and ultimately sell stabilized assets. Notable historical projects include the 3,300-acre Prasada master-planned community, the 1,000,000 sf The Promenade at Casa Grande regional mall, Yuma Palms Regional Center, and a series of build-to-sell self-storage facilities developed between 2017 and 2021. The company is essentially a principals-led firm with 1-10 employees, sourcing and structuring deals rather than operating a technology platform or scaled internal management function; revenue is generated through developer promote, equity participation, and asset disposition, with transactions negotiated individually rather than through a published pricing model. Public tenant relationships with major national retailers (Target, Dillard's, Walmart, JC Penney, Kohl's, Sam's Club) reflect the team's longstanding credibility in the regional shopping center market.
WDP Partners firmographics
Firmographics- Name
- WDP Partners
- Legal name
- WDP Partners, LLC
- Website
- https://wdppartners.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- WDP Partners is a Phoenix-based private commercial real estate investment and development firm founded in 2002 by former Westcor executives, specializing in retail, office, self-storage, and industrial properties across the southwestern US.
- Ownership category
- akta.pro rank
WDP Partners industry classification
Industry- Product category
- Commercial Real Estate Development
- NAICS
- Commercial and Institutional Building Construction (23622), Nonresidential Building Construction (2362)
- SIC
- Operative Builders (1531), General Bldg Contractors - Nonresidential Bldgs (1540)
- akta.pro primary industry
- Office & Corporate Building Construction (IMAFACAA)
- akta.pro secondary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
Keywords
Where WDP Partners is headquartered
LocationHeadquarters
- HQ city
- Phoenix
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
WDP Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Distribution channels2 records
Marketing channels2 records
WDP Partners product offering
Product offeringCore offering
WDP Partners is actively involved in the identification, acquisition, development, and management of major real estate projects in the metropolitan Phoenix area and the southwest United States. The firm develops and invests in commercial properties spanning self-storage facilities, regional malls and shopping centers, office buildings, industrial/distribution facilities, and mixed-use projects, often through joint ventures with established developers and institutional partners.
Product overview
WDP Partners is a real estate development company offering a portfolio of commercial properties including self-storage facilities, retail shopping centers, office buildings, industrial/distribution facilities, and mixed-use projects in the Phoenix metropolitan area and southwest United States. The company operates various property types as distinct products: self-storage facilities (Tramonto Storage, SanTan Storage, Gilbert Storage, Biltmore Storage, West Glendale Storage), retail/mall properties (Prasada, Yuma Palms Regional Center, The Promenade at Casa Grande, Cornerstone at Queen Creek), automotive facilities (303 AutoShow), office buildings (Perimeter Center, Papago Park Tech Center), industrial properties (WDP Kitchell 67th Avenue), and mixed-use projects (The Yard).
Differentiator
Problem solved
Functional benefit
Products and services
- Prasada
Companies that use WDP Partners
Customer profileSegments3 records
Ideal customer profiles3 records
WDP Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
WDP Partners partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, historical and minor.
- MacerichcoreMacerich acquired Westcor Realty Limited Partnership (where WDP's founders were managing general partners) in July 2002 for approximately $1.6 billion involving 20 million square feet of retail projects. Following the sale, WDP founders formed WDP Partners and continued collaborative relationships with Macerich on multiple development projects including Prasada and The Promenade at Casa Grande.
- Westcor Realty Limited PartnershiphistoricalWDP Partners was formed in 2002 by the senior executive management team of Westcor Realty Limited Partnership following its acquisition by Macerich. WDP founders served as managing general partners of Westcor prior to its sale.
- Titan DevelopmentcoreJoint venture partnership with Titan Development for self-storage facility development. Projects include Tramonto Storage (103,000 sf, purchased March 2019, sold February 2021), SanTan Storage (90,000 sf, purchased December 2017, opened March 2019, sold February 2021), and Gilbert Storage (100,000 sf, opened April 2019, sold February 2021).
- Kitchell DevelopmentcoreJoint venture with Kitchell Development for WDP Kitchell 67th Avenue project consisting of approximately 12.5 acres of vacant land in Phoenix, Arizona for development of an approximately 187,920 square foot distribution building. Property sold in February 2020.
- RED DevelopmentminorWDP formed partnerships with RED Development along with Macerich to develop retail components of the Prasada master planned community in Surprise, Arizona, encompassing more than 400 acres.
- Pederson GroupcoreJoint venture among WDP, Macerich, and the Pederson Group for The Promenade at Casa Grande, a 1,000,000 sf open air regional mall anchored by Target, Dillard's, JC Penney and Kohl's in Casa Grande, Arizona.
- Dillard Stores ServicescoreJoint venture with Dillard Stores Services, Inc. for Yuma Palms Regional Center, a 1,000,000 sf open air regional mall anchored by Target, Dillard's, JC Penney and Sam's Club in Yuma, Arizona. Property was sold in 2006.
- SiemensminorPartnership with Siemens for a new digital factory development project in Sibiu, Romania. WDP developed the property under a long-term lease agreement with Siemens for a 14,500 m² carbon-neutral manufacturing facility featuring rooftop photovoltaics and Siemens' proprietary technologies including Digital Twin, AI, and automation.
- KDLminorPartnership with KDL, a Belgian logistics service provider, for development of an 18,000 m² automated warehouse in the Lokeren logistics corridor near Antwerp. The facility features advanced automated storage and retrieval system (ASRS) developed by Movu Robotics and can manage over 22,000 pallet locations.
Scale indicators3 records
Recent moves7 records
Expansion highlights4 records
WDP Partners competitors and assessment
Company assessmentMarket position
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
WDP Partners social profiles
Digital presenceWDP Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
WDP Partners leadership team
Management profileNumber of profiles
Profiles5 records
WDP Partners subsidiaries and ownership
Company hierarchySubsidiaries4 records
WDP Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WDP Partners 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 WDP Partners
What does WDP Partners do?
WDP Partners is actively involved in the identification, acquisition, development, and management of major real estate projects in the metropolitan Phoenix area and the southwest United States. The firm develops and invests in commercial properties spanning self-storage facilities, regional malls and shopping centers, office buildings, industrial/distribution facilities, and mixed-use projects, often through joint ventures with established developers and institutional partners.
Is WDP Partners a public or private company?
WDP Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was WDP Partners founded?
WDP Partners was founded in 2002. It employs 1 to 10 people.
Where is WDP Partners based?
WDP Partners is headquartered in Phoenix, United States, in the North America region.
Does WDP Partners have an API?
No public API is recorded for WDP Partners.
What industry is WDP Partners in?
WDP Partners's product category is Commercial Real Estate Development. Its primary akta.pro industry code is IMAFACAA, Office & Corporate Building Construction, with a secondary code of IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities). Its NAICS code is 23622 and its SIC code is 1531.