BRADENTON, FL / ACCESSWIRE / January 6, 2025 / This year marks the 75th anniversary of Benderson Development, one of the nation's largest privately owned real estate firms. Family patriarch Nathan Benderson founded the company in 1949 after purchasing and later redeveloping a brewery in Buffalo, New York. That endeavor was the start of things to come.
In honor of the occasion, Randy Benderson, managing director of the family-owned business, has been reflecting on the company's legacy as an industry leader. "I am deeply humbled by the enduring legacy that my father Nathan Benderson built. He had an extraordinary ability to see potential where others saw challenges, turning overlooked opportunities into true gems. His passion for excellence, integrity, and long-term thinking laid the foundation for all that we've achieved over the last 75 years."
Now under its third generation of family leadership with Randy and his two sons Shaun and Evan at the helm, the company has expanded its portfolio nationally to include 1,065 properties totaling over 55 million square feet across 40 states. Its properties include market-dominant and specialty retail centers, grocery-anchored centers, warehouse/industrial properties, offices and award-winning hotels.
According to Randy Benderson, the company's strength is revitalizing underperforming commercial properties and vacant tracts of land into highly successful assets. "We specialize in transforming ordinary spaces into extraordinary destinations, something market competitors have coined "Bendersizing" a property."
In 2004, Benderson Development moved its headquarters from Buffalo, NY, to Sarasota, FL. The company continues to maintain an office in Buffalo, along with regional offices in Rochester, NY, and Raleigh, NC. It now ranks as the largest commercial real estate developer in Tampa Bay, according to the 2024 Tampa Bay Business Journal, with more than 200 properties in Florida and nearly 1 million sq. ft. developed locally in 2023.
With the company based in Sarasota, Benderson has since become a major advocate and key partner for local economic and community development. One shining example is Nathan Benderson Park, a public-private partnership project that transformed a former shell excavation pit into the region's premier multi-sports venue and a world-renowned rowing venue.
"The most fulfilling part of these past 75 years is seeing the impact we've had on the communities we serve," said Randy Benderson. "Whether it's creating jobs, supporting local businesses or propelling projects like the rowing park, it's the communities we build that truly Matter."
Looking ahead, Randy sees continued growth and transformational opportunities for Benderson Development. Recent projects, including major mixed-use developments in other parts of Florida and as far as Anchorage, Alaska, signal that the company is poised for another 75 years of success. "Our business is about more than just real estate development; it's about bringing people together and supporting our neighbors. We remain steadfast in our pursuit of the values my father instilled in us: focused investments, strategic growth and a dedication to our people."
Contact Information:
Communications Coordinator, Mcalley Spierto
Mcalley@stripetheory.com
SOURCE: Cambridge Global
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