Ghattas Enterprises

What Ghattas Enterprises does

Ghattas Enterprises is a privately held commercial real estate holding and development company founded in 1974 in Hagerstown, Maryland by Asad M. Ghattas, who remains the sole owner. The company develops, owns, and operates a portfolio of more than 20 properties spanning Class A office buildings (Fountainhead One, Truist Building, Truist Financial Center, United Center, JLG Innovation Center, JLG Industries), a 52,000 SF outpatient medical facility (Meritus Medical Center) anchored by Meritus Health, a retail center (Orchard Hills Plaza), two car wash facilities, residential duplex rentals, and zoned land parcels available for lease with build-to-suit options.

The portfolio features sustainability-focused construction, including Silver LEED Certification from the U.S. Green Building Council for the Truist Financial Center, a Verified Green Building Certificate, and energy-efficient specifications at Fountainhead One (low-VOC materials, low-E glazing, motion-sensor lighting, low-flow plumbing, high-efficiency boilers, advanced air-quality management). An in-house maintenance team and in-house construction capability support both day-to-day operations and custom build-to-suit delivery for office, industrial, retail, and medical tenants.

The company operates a direct-to-consumer go-to-market model, leasing space through its website and direct contact (phone and email) across Maryland, Virginia, Pennsylvania, and Florida. Revenue is generated primarily through recurring commercial and residential leases, supplemented by build-to-suit construction fees and transaction-based car wash revenue. Customer concentration is anchored on a small number of enterprise tenants (Truist, JLG Industries, Meritus Health), with the remaining occupancy drawn from small independent businesses and individuals.

Name

Ghattas Enterprises

Legal name

Ghattas Enterprises

Website

https://ghattasenterprises.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

1–10 employees

Short description

Ghattas Enterprises is a privately held, founder-owned commercial real estate holding company in Hagerstown, Maryland, developing and leasing Class A office, medical, retail, residential, and car wash properties across Maryland, Virginia, Pennsylvania, and Florida since 1974.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Management of Companies and Enterprises (551)

SIC

Operative Builders (1531)

akta.pro primary industry

Self-Performing General Contractors (IMAFAAAI)

Keywords

• Commercial real estate leasing
• Property development
• Build-to-suit construction
• Residential duplex rentals
• Green building properties

Headquarters

HQ city

Hagerstown

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Real Estate Leasing: The company leases commercial properties including office spaces (Fountainhead One, United Center, Truist Building, JLG Innovation Center), retail spaces (Fountainhead Plaza, Orchard Hills), and medical facilities (Meritus Medical Center). Properties range from small retail to large Class A office buildings.
2. Land Leasing: The company offers land for lease including parcels at Oliver Drive (1.97 acres) and Maugans Avenue (6.33 acres) with build-to-suit options. Properties include highway interchange zoned land with utilities.
3. Residential Rental: The company owns and rents residential duplex properties in Hagerstown area including units on Pennsylvania Ave, Longmeadow Rd, and Maugansville Rd. Properties feature 3 beds, 2.5 baths, and range from 2,125 sqft.
4. Build-to-Suit Services: The company provides build-to-suit services for office, industrial, retail, and medical facilities. They offer in-house construction team for innovative solutions to create ideal spaces for businesses.
5. Car Wash Operations: The company operates car wash facilities including AMG Car & Pet Wash and Maugans Ave Car & Pet Wash, offering automatic washes, self-wash bays, pet wash services, vacuums, and vending machines.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Ghattas Enterprises is a privately held commercial real estate holding company that develops, owns, leases, and manages a diversified portfolio of Class A office buildings, medical facilities, retail shopping centers, residential duplexes, car and pet wash facilities, and buildable land parcels. The company also offers build-to-suit construction services for office, industrial, retail, and medical facilities using an in-house maintenance and construction team.

Product overview

Ghattas Enterprises operates as a commercial real estate development and property management company with a portfolio of distinct property types. Their offerings include Class A office buildings (Fountainhead One, Truist Building, Truist Financial Center, United Center, JLG Innovation Center, JLG Industries), medical facilities (Meritus Medical Center), retail centers (Orchard Hills Plaza), car wash facilities (Maugans Ave Car & Pet Wash), residential duplexes, land parcels for lease, and build-to-suit construction services. The company manages over 20 properties across Maryland, Virginia, Pennsylvania, and Florida, with properties ranging from 52,000 SF medical centers to 27,825 SF innovation centers. Some properties feature green building certifications including LEED Silver designation.

Differentiator

Problem solved

Functional benefit

Products and services

• Fountainhead One Office Building

Quantifiable outcome

• Over 20 successful development projects completed
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• MRP Realty: Washington DC-area commercial real estate developer specializing in mixed-use, office, and residential projects. Comparable as a regional CRE developer pursuing institutional-quality assets in the same Mid-Atlantic corridor.
• Greenberg Gibbons Commercial: Maryland-headquartered commercial real estate developer and property manager focused on retail, office, and mixed-use assets in the Baltimore-Washington corridor. Comparable as a regional CRE owner/developer with a similarly diversified portfolio across asset types.
• St. John Properties: Maryland-based commercial real estate developer and landlord operating Class A office, flex, and R&D product across the Mid-Atlantic. Directly comparable as a regional CRE developer with build-to-suit capabilities and a similar target tenant base of regional businesses.
• Berman Enterprises: Maryland-based, family-owned real estate investment and development company with office, retail, industrial, and self-storage assets across the Mid-Atlantic. Closely comparable as a founder-owned regional CRE developer/landlord of similar scale and operating philosophy.
• Matan Companies: Maryland-based real estate investment and development firm with office, retail, industrial, and residential assets across the Mid-Atlantic. Directly comparable in scale, regional focus, and mixed asset class strategy.
• Akridge: Washington DC-based commercial real estate owner, developer, and manager with office, mixed-use, and industrial assets. Comparable as a regional owner-developer serving similar enterprise tenants in adjacent geography.

Broad incumbents

• JBG Smith: Large publicly-traded REIT and creator of the National Landing neighborhood in the DC metro area with a substantial office, multifamily, and mixed-use portfolio. Comparable as a Mid-Atlantic office-centric owner/developer at much greater scale and broader geographic reach.
• Federal Realty Investment Trust: Large publicly-traded REIT specializing in high-quality retail and mixed-use properties across the East Coast. Comparable as a long-duration owner/developer of community-anchored retail and office properties with similar credit-tenant focus.
• Wheeler Real Estate (WHLR): Real estate investment trust focused on grocery-anchored retail and office assets across the Mid-Atlantic and Southeast. Comparable as a Mid-Atlantic owner of mixed retail/office properties targeting similar regional tenants, though at publicly-traded scale.

Others

• Cushman & Wakefield: Global commercial real estate services firm providing brokerage, property management, and valuation services. Not a direct competitor, but adjacent as a CRE service provider that sources and transacts on many of the same regional tenant requirements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ghattas-enterprises

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Ghattas Enterprises