Ketone Partners
Ketone Partners is a privately held real estate development, management, and advisory firm in Arlington Heights, Illinois, providing build-to-suit and project management services for industrial, commercial, logistics, and residential clients across North America.
- Company typePrivate
- Founded2011
- HeadquartersArlington Heights, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Ketone Partners does
Ketone Partners, LLC is a privately held, full-service real estate development, management, and advisory firm headquartered at 44 S. Vail Ave., Suite 106, Arlington Heights, Illinois. Founded in 2011 by Kyle Schuhmacher, the firm provides build-to-suit, project management, and occupancy solutions to corporations and individual property owners throughout North America, with an emphasis on industrial, commercial, logistics, and select residential product types. Individual engagements span $1 million to $100 million in total underlying asset value. Its service portfolio covers the full real estate lifecycle: site selection, feasibility studies, acquisition management, land development and planning, financial incentive evaluation (including Tax Incremental Financing Districts, Tax Exempt Bond programs, and grants), permitting and entitlements, site and building planning, construction and project management, and competitive bidding management.
The firm's operating capacity is concentrated in a four-person core team led by a President with a 14-year track record in deal structuring and a Vice President of Development Services previously responsible for a 12-million-square-foot intermodal facility who has underwritten 5M+ sq ft and 2,000 acres of land across North America. Supporting personnel bring prior experience from GE Capital (Commercial Finance and Merchant Banking Group), Bank OZK (~$1 billion construction loan portfolio), a privately traded Chicago-based REIT where the VP was previously SVP, and Kraft Foods. The core technology is human-led real estate expertise rather than a proprietary platform.
Ketone Partners firmographics
Firmographics- Name
- Ketone Partners
- Legal name
- Ketone Partners, LLC
- Website
- https://ketonepartners.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Ketone Partners is a privately held real estate development, management, and advisory firm in Arlington Heights, Illinois, providing build-to-suit and project management services for industrial, commercial, logistics, and residential clients across North America.
- Ownership category
- akta.pro rank
Ketone Partners industry classification
Industry- Product category
- Commercial Real Estate Development Services
- NAICS
- Offices of Real Estate Agents and Brokers (53121)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)
- akta.pro secondary industries
- Real Estate Market Research & Economic Advisory (Demand/Supply, Location Analytics) (BPAJANAD), Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL), Real Estate Advisory & Consulting (Strategy, Portfolio & Location) (FSAEAJAH)
Keywords
Where Ketone Partners is headquartered
LocationHeadquarters
- HQ city
- Arlington Heights
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Ketone Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Revenue model
- Real Estate Development Services: Fees generated from full-service real estate development including structuring, financing, ownership, acquisition, development, management and disposition of real estate projects. Services include build-to-suit, project management and occupancy solutions to corporations and individuals throughout North America.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Ketone Partners product offering
Product offeringCore offering
Ketone Partners is a full-service commercial real estate development, management, and advisory firm that provides build-to-suit, project management, and occupancy solutions to corporations and individuals throughout North America. The firm delivers end-to-end services including site selection, feasibility studies, acquisition management, land development and planning, financial incentive evaluation and negotiations (TIF, Tax Exempt Bonds, grants), permitting and entitlements, site and building planning, construction and project management, and competitive bidding management for projects ranging from $1 million to $100 million in total market value.
Product overview
Ketone Partners is a full-service real estate development, management, and advisory company that provides build-to-suit, project management, and occupancy solutions to corporations and individuals throughout North America. The company offers a comprehensive suite of advisory services including site selection, real estate feasibility studies, acquisition management, land development and planning, financial incentive evaluation and negotiations, permitting and entitlements, site and building planning, construction and project management, and competitive bidding management. The company creates value by providing professional real estate development experience for commercial, industrial, and agricultural properties. Ketone Partners also maintains a portfolio of completed projects and developments including industrial facilities, office and business centers, maintenance facilities, travel plazas, and master-planned communities across North America.
Differentiator
Problem solved
Functional benefit
Products and services
- Site Selection Services Advisory service helping clients identify optimal locations for commercial and industrial real estate projects.
- Real Estate Feasibility Studies Comprehensive feasibility analyses evaluating the viability and potential returns of real estate development projects.
- Acquisition Management End-to-end management of real estate asset acquisitions, including due diligence, negotiations, and closing.
- Land Development and Planning Land development and planning services including site preparation, infrastructure design, and regulatory compliance.
- Financial Incentive Evaluation and Negotiations Evaluation and negotiation of financial incentives such as Tax Incremental Financing Districts, Tax Exempt Bond programs, and grants to maximize project returns.
- Permitting and Entitlements Navigation of the permitting and entitlements process to secure necessary approvals for real estate development projects.
- Site and Building Planning Site and building planning services optimizing the design and layout of real estate developments.
- Construction and Project Management Oversight of construction and project management activities to ensure real estate projects are completed on time and within budget.
- Competitive Bidding Management Management of competitive bidding processes for construction and vendor contracts to secure optimal pricing and quality.
- Build-to-Suit Real Estate Development Custom design and construction of commercial and industrial facilities tailored to specific client requirements, delivered as a turnkey development offering for corporations and individuals.
- Real Estate Management and Disposition Ongoing management, leasing, and disposition services for Ketone-developed and client-owned commercial, industrial, and agricultural properties.
Quantifiable outcome
- Projects range from $1 Million to $100 Million in total market value
- +2 more outcomes
Companies that use Ketone Partners
Customer profileNamed customers5 records
Segments2 records
Ideal customer profiles2 records
Ketone Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Ketone Partners partnerships and signals
Strategic signalScale indicators4 records
Recent moves4 records
Expansion highlights4 records
Ketone Partners competitors and assessment
Company assessmentBroad incumbents
- Hillwood: Perot-family real estate development firm specializing in industrial, logistics, and mixed-use projects. Comparable industrial build-to-suit and master-planned logistics park model to Ketone's Houston-area Gulf Inland Logistics Park work.
- Opus Development Company: National real estate developer of office, industrial, healthcare, and residential projects with full-service development, design-build, and project management capabilities. Comparable end-to-end model to Ketone but at much greater scale and geographic reach.
- Trammell Crow Company: Major national commercial real estate developer and investor operating across office, industrial, healthcare, and multifamily. Directly comparable full-service development and project management model to Ketone, with much broader geographic and capital scale.
- Crow Holdings Capital: Diversified real estate investment and development platform with industrial, office, and multifamily exposure. Comparable full-lifecycle development services for institutional clients, though at materially larger deal sizes than Ketone.
Direct peers
- Panattoni Development Company: One of the largest privately held industrial real estate developers in the U.S., focused on build-to-suit, master-planned logistics parks, and speculative industrial. Overlaps with Ketone on industrial development and tenant advisory at similar project sizes.
- McShane Companies: Mid-market real estate development and construction services firm with build-to-suit, project management, and site selection offerings. Comparable in serving corporate clients in similar project size bands and end-to-end service delivery model.
- Al. Neyer: Private commercial real estate development firm offering build-to-suit, site selection, and project management for industrial, office, and mixed-use. Closely comparable mid-market service model and end-to-end development approach.
- Seefried Industrial Properties: National industrial real estate developer specializing in build-to-suit and speculative industrial facilities. Closely comparable to Ketone in targeting corporate tenants for mid-sized industrial/logistics projects with site selection, incentives, and project management services.
Regional players
- Mid-America Real Estate Group: Chicago-based commercial real estate investment and brokerage firm serving retail and industrial clients. Comparable regional Midwest real estate services footprint; Ketone Senior Associate Spencer Christianson previously worked in Mid-America's tenant representation practice.
- NAI Hiffman: Chicago-area commercial real estate services firm providing brokerage, property management, and project management. Comparable Midwest regional real estate services focus to Ketone, with one of Ketone's team members (Christianson) having prior tenure here.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat2 records
Key risks6 records
Key highlights6 records
Customer concentration
Ketone Partners social profiles
Digital presenceKetone Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ketone Partners leadership team
Management profileNumber of profiles
Profiles4 records
Ketone Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ketone 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 Ketone Partners
What does Ketone Partners do?
Ketone Partners is a full-service commercial real estate development, management, and advisory firm that provides build-to-suit, project management, and occupancy solutions to corporations and individuals throughout North America. The firm delivers end-to-end services including site selection, feasibility studies, acquisition management, land development and planning, financial incentive evaluation and negotiations (TIF, Tax Exempt Bonds, grants), permitting and entitlements, site and building planning, construction and project management, and competitive bidding management for projects ranging from $1 million to $100 million in total market value.
Is Ketone Partners a public or private company?
Ketone Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Ketone Partners founded?
Ketone Partners was founded in 2011. It employs 1 to 10 people.
Where is Ketone Partners based?
Ketone Partners is headquartered in Arlington Heights, United States, in the North America region.
How does Ketone Partners make money?
One revenue line is on record: real Estate Development Services.
Who are Ketone Partners's main competitors?
Broad incumbents on record are Hillwood, Opus Development Company, Trammell Crow Company and Crow Holdings Capital. Direct peers are Panattoni Development Company, McShane Companies, Al. Neyer and Seefried Industrial Properties. Regional players are Mid-America Real Estate Group and NAI Hiffman.
Does Ketone Partners have an API?
No public API is recorded for Ketone Partners.
What industry is Ketone Partners in?
Ketone Partners's product category is Commercial Real Estate Development Services. Its primary akta.pro industry code is BPAJANAC, Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support), with a secondary code of BPAJANAD, Real Estate Market Research & Economic Advisory (Demand/Supply, Location Analytics). Its NAICS code is 53121 and its SIC code is 6531.