What TDAK Development does

TDAK Development, Inc. is a privately held commercial real estate company founded in 2004 and headquartered in Seymour, Indiana, operating as a subsidiary within the Royalty Companies corporate structure. The company owns, develops, and manages a portfolio of more than 80 lease units across 24 locations in Indiana and Florida, spanning retail shopping centers and strips, industrial and manufacturing flex space, and office properties. Its three integrated service lines are Commercial Leasing (direct tenant leasing through website listings and inbound inquiries, with triple-net lease structures), Real Estate Development (ground-up and major renovation projects, many multi-million-dollar in scope), and Property Management (facilities management, aesthetic improvements, operating cost control, and tenant services).

Revenue is generated through recurring rental income from owned properties, property management fees, and development margins from ground-up construction or sale of newly developed assets. Notable projects include the 21-acre 2099 E Tipton Street industrial/commercial complex (appraised at $6.289M in 2018 against $4.19M invested), the Regal Plaza retail center in Columbus, IN (80% lease-up within 12 months of stabilization, $3.8M appraised vs. $2.55M invested), the Dupont Drive Subdivision (9 lots, $7.875M total investment), and the 70,000 SF 6013 Elsner Drive industrial property (sold for $3.97M in 2019). Operations are vertically supported by sister companies Royalty Companies (construction and roofing, 30+ years) and Majestic Facility Experts (facility maintenance), giving TDAK in-house capabilities for build-to-suit delivery and ongoing property services.

The company's customer base is diversified across small-to-mid-size retail tenants, industrial users, and institutional/government occupiers (e.g., State of Indiana Child Services, Jackson County Learning Center). Pricing is not publicly disclosed and varies by property, suite size, and lease terms. The company has no disclosed AI, software, or technology product capabilities; its competitive position rests on physical location quality, vertical integration, and a 20+ year operating track record in Indiana and Florida secondary markets.

Name

TDAK Development

Legal name

TDAK Development, Inc.

Website

https://tdakdevelopment.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

TDAK Development, Inc. is a privately held Indiana-based commercial real estate company that owns, develops, and manages more than 80 lease units across 24 locations in Indiana and Florida, serving retail, industrial, office, and government tenants with integrated leasing, development, and property management services.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Lessors of Real Estate (5311), Real Estate Property Managers (53131)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industry

Land & Development Site Brokerage (BPAJABAG)

Keywords

• Commercial real estate leasing
• Property management services
• Commercial development
• Retail property leasing
• Industrial property leasing

Headquarters

HQ city

Seymour

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Commercial Leasing: TDAK Development generates revenue through leasing commercial and retail space to tenants. The company owns and manages over 80 units of lease space across 24 locations in Indiana and Florida markets.
2. Property Management Services: Revenue is generated through property management fees for maintaining and managing commercial properties, including facilities management, aesthetic improvements, operating cost controls, and tenant communication services.
3. Real Estate Development: The company invests in and develops commercial and retail projects, including ground-up developments. Revenue is generated through the sale or lease of newly developed properties, many of which have been multi-million-dollar projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

TDAK Development owns, develops, leases, and manages commercial real estate properties including retail, office, and industrial spaces. The company currently manages more than 80 units of lease space across 24 locations in Indiana and Florida, and also builds, acquires, and sells commercial real estate assets through its in-house management team.

Product overview

TDAK Development is a commercial real estate management company offering three integrated service lines: Commercial Leasing, Real Estate Development, and Property Management. The Commercial Leasing service facilitates property rentals across their portfolio of 80+ lease units at 24 locations. Real Estate Development encompasses ground-up construction and major renovations of commercial and retail projects. Property Management provides ongoing facilities maintenance and tenant services. The company's property portfolio includes named developments such as Regal Plaza (Columbus, IN), Dupont Drive Subdivision (Seymour, IN), an industrial complex at 2099 E Tipton St, and 6013 Elsner Drive industrial space, plus individual retail spaces available for lease. Services are supported through affiliated companies Royalty Companies (construction/roofing) and Majestic Facility Experts (facility maintenance).

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Leasing
• Real Estate Development
• Property Management

Quantifiable outcome

• 80% Lease Up In 12 Months achieved at Regal Plaza project
• +2 more outcomes

Segments3 records

Ideal customer profiles2 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.

• Royalty CompaniescoreStrategic or Co-development PartnerRoyalty Companies is the construction division partner for TDAK Development. They provide superior roofing and construction services with over 30 years of experience, offering strong warranties, high-quality installations, and exceptional 24/7 service. Royalty Companies handles ground-up developments and construction management for TDAK's commercial projects.
• Majestic Facility ExpertscoreStrategic or Co-development PartnerMajestic Facility Experts provides turn-key facility service solutions for TDAK Development's properties. They deliver facility maintenance, engineering disciplines, and flexible facility solutions to extend the life cycle of buildings. Their services include on-site maintenance and support for commercial properties.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Duke Realty Corporation: Indianapolis-headquartered industrial and logistics REIT (now merged into Prologis) with a deep Indiana portfolio of bulk distribution, light industrial, and flex space — directly comparable to TDAK's industrial complex at 2099 E Tipton and the Elsner Drive flex product, but at vastly greater scale.
• Simon Property Group: Indianapolis-headquartered mega-REIT and the largest retail real estate operator in the U.S., owning premier malls, premium outlets, and community centers. Overlaps with TDAK's retail leasing focus in Indiana but operates at a vastly larger, national-institutional scale.
• Kite Realty Group Trust: Indianapolis-based open-air shopping center REIT operating a portfolio of community and lifestyle centers across the U.S. Highly comparable to TDAK's strip mall and community retail center product (e.g., Regal Plaza, 310 Burkhart Blvd, West Towne Plaza), but at institutional scale.

Direct peers

• Hackman Capital Partners: Private commercial real estate investment firm specializing in industrial, warehouse, and flex property acquisition, development, and asset management. Directly comparable to TDAK's industrial/flex development activity and ground-up value-add approach in secondary markets.
• Becknell Industrial: Privately held developer and owner of industrial properties across the U.S., focused on build-to-suit and speculative light industrial/logistics product. Closely mirrors TDAK's industrial development model at 2099 E Tipton and Elsner Drive, including ground-up execution with internal construction capabilities.
• St. John Properties: Privately held commercial real estate developer that develops, owns, and manages Class A office, retail, flex, and warehouse space across multiple U.S. markets. Highly comparable integrated develop-and-hold model with multi-state footprint and similar product mix to TDAK's retail/industrial/office portfolio.
• Finmarc Management: Privately held commercial real estate investment and management firm focused on retail centers, office, and industrial assets across the Mid-Atlantic, Southeast, and Midwest. Comparable privately-held develop/own/manage model with similar product mix and geographic overlap in Indiana-adjacent markets.
• Hillwood Development Company: Privately held commercial and industrial real estate developer (Ross Perot Jr.) with a focus on industrial parks, retail, and office projects including build-to-suit for corporate tenants. Closely comparable integrated development and ownership model with similar highway-adjacent industrial/retail site selection strategy.

Market position

Strengths4 records

Weaknesses2 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tdak-development

Revenue estimate

Valuation estimate

Number of profiles

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 TDAK Development