Vander Hoek Corporation

What Vander Hoek Corporation does

Vander Hoek Corporation (VHC) is a privately held, family-owned real estate firm operating in Bellevue and Kirkland, Washington. Tracing its roots to a stump farm in Factoria and the 1935 founding of Eastside Glass and Paint on Main Street, the company transitioned in the mid-1980s from retail into property management and real estate development. VHC self-manages approximately 8,170 square feet of commercial real estate across five properties in Old Bellevue, leasing to small businesses including restaurants, retailers, spas, and professional services firms.

VHC's operations span two revenue streams: (1) self-managed commercial property management generating recurring rental income from retail, restaurant, office, and spa tenants; and (2) development of multi-family mixed-use and light industrial projects, monetized through project completion and subsequent asset disposition. The company's development track record has scaled over time — Courtyard off Main (110 units, 1999), Main Place Apartments (30 units, rebuilt 2005 after a 2001 fire), and Venn at Main (350 units, 2016) — all three of which have since been divested. The current flagship is North of Main, a 176-unit mixed-use apartment building with 10,000sf of ground-floor retail and over 150 parking stalls, currently in the permitting phase.

VHC is led by third-generation Stu Vander Hoek alongside family members Carl and Anna Vander Hoek, with a headcount of 11-50 employees. The company has no public institutional investors, no external funding, and no technology platform component; its competitive position rests on four generations of local market knowledge, civic relationships in Bellevue and Kirkland, and ownership of irreplaceable Old Bellevue real estate. Revenue is not publicly disclosed and the operating profile is best characterized as a small, stable, owner-operated development and management firm rather than a high-growth enterprise.

Name

Vander Hoek Corporation

Legal name

Vander Hoek Corporation

Website

https://vanderhoek.us

Company type

Private

Founded year

1935

Operating status

Operating

Headcount range

11–50 employees

Short description

Vander Hoek Corporation is a family-owned property management and real estate development firm in Bellevue and Kirkland, Washington, self-managing five commercial properties and developing mixed-use residential projects, with the 176-unit North of Main currently in permitting.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Property Management

NAICS

Real Estate Property Managers (53131), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Operators Of Nonresidential Buildings (6512), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Mixed-Use Property Management (BPAJAGAE)

Keywords

• Commercial property management
• Real estate development
• Multifamily housing
• Mixed-use buildings
• Retail property leasing

Headquarters

HQ city

Bellevue

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management: Self-managing commercial properties and collecting rental income from tenants across retail, restaurant, office, and spa spaces in Bellevue and Kirkland, WA.
2. Real Estate Development: Developing multi-family mixed-use and industrial projects for sale or lease, generating revenue through project completion and asset disposition.

Distribution channels1 record

Marketing channels1 record

Core offering

Vander Hoek Corporation self-manages commercial properties including retail, restaurant, office, and spa spaces in Bellevue and Kirkland, WA, while developing multi-family mixed-use apartment buildings with ground-floor retail components. The company owns and directly leases approximately 8,170 sf of commercial space in Old Bellevue and is currently permitting a 176-unit mixed-use apartment project (North of Main).

Product overview

Vander Hoek Corporation is a family-owned property management and real estate development company operating in Bellevue and Kirkland, Washington. The company offers two core services: (1) Property Management Services for self-managing commercial properties including retail spaces, standalone buildings, and offices; and (2) Residential Apartment Development through mixed-use projects. The current product portfolio includes managed commercial properties (retail/spa/home decor/glassware stores and offices) and the North of Main development project (176-unit mixed-use building in permitting). Past developments include Courtyard off Main Apartments (110 units, 1999), Main Place Apartments (30 units, 2005), Venn at Main Apartments (350 units, 2016), and Parmac Industrial (Kirkland).

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Services
• North of Main Mixed-Use Development
• Commercial Retail Leasing
• Office Space Leasing

Named customers8 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Weber ThompsoncoreStrategic or Co-development PartnerArchitect firm for North of Main mixed-use development project. Weber Thompson is providing architectural design services for the 176-unit apartment building with 10,000sf of retail space.
• WG Clark ConstructioncoreImplementation/ SI/ Consulting PartnerPre-development contractor for North of Main project. WG Clark Construction is providing pre-construction services including permitting support and construction planning.
• DCI CivilcoreStrategic or Co-development PartnerCivil engineering firm for North of Main project. DCI Civil Engineers is providing civil engineering services for the mixed-use development including site work and infrastructure.

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Merlone Geier Partners: West Coast real estate investment firm focused on retail, mixed-use, and infill development, relevant as a broader peer developing walkable, mixed-use environments similar to VHC's Old Bellevue portfolio.
• Holland Partner Group: Pacific Northwest-headquartered multifamily developer and operator with an extensive apartment and mixed-use portfolio, comparable to VHC's multifamily development activity but at materially larger scale across more submarkets.
• Sabey Corporation: Seattle-based, family-controlled real estate investment and operating company with mixed-use, office, and industrial holdings across the West Coast, comparable as a broader privately held developer/landlord but at substantially greater scale than VHC.
• Benaroya Companies: Pacific Northwest commercial real estate firm that develops, owns, and manages office, retail, and mixed-use properties; overlapping with VHC's commercial and mixed-use activities but operating at a larger and more institutional scale.

Direct peers

• Wright Runstad & Company: Long-tenured Seattle-based commercial and mixed-use real estate developer and operator with a portfolio of office, retail, and mixed-use assets in the Puget Sound region, comparable in scale and operating geography to VHC.
• Lorig Associates: Pacific Northwest-focused real estate developer that develops and manages mixed-use, multifamily, and commercial properties with a long ownership horizon, paralleling VHC's mixed-use and small-format retail focus in the same region.
• The Rush Companies: Multi-generational, family-influenced real estate developer and contractor headquartered in the Puget Sound region that self-develops and manages mixed-use and multifamily projects, closely mirroring VHC's Bellevue/Kirkland operating model and approach.
• Goodman Real Estate Holdings: Puget Sound-based multifamily and mixed-use investor/developer with a focus on community-oriented, neighborhood-scaled projects similar in character and scale to VHC's Bellevue/Kirkland residential and mixed-use portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/vander-hoek-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Vander Hoek Corporation