Best of 2024 with Randy Benderson
BRADENTON, FL / ACCESSWIRE / January 2, 2025 /From new acquisitions to industry recognitions, 2024 was a year of remarkable growth and achievement for Benderson Development, one of the largest privately held real estate companies in the country.
"This past year has been a defining one for our company," said Randy Benderson, managing director. "As we reflect on a remarkable year of growth and success, I am proud of how our disciplined approach to investments and acquisitions in core markets has continued to drive the long-term value of our company. We are fortunate to be unaffected by the challenging interest rate environment and rapidly changing market conditions. Our focus on strategic, well-timed decisions has allowed us to navigate uncertainty and capture opportunities where others may have hesitated. Our commitment to quality assets in resilient markets, paired with a long-term perspective, has been the cornerstone of our continued success, and I am confident that this disciplined strategy will continue to fuel our growth in the year ahead."
Benderson recently took a few moments to recount some of the high points the company reached over the past year.
Portfolio Growth
According to Randy Benderson, the company made strategic investments that significantly broadened and strengthened its portfolio. "This year 's acquisitions underscore the company 's aggressive growth strategy in key markets," he remarked.
Benderson shared that the company added over 3 million square feet of space to its portfolio this year through construction and acquisitions. Among the transactions in 2024 was the acquisition of The Shops at Midtown Miami, a premier 347,000-sq. ft. retail center that attracts more than 3.4 million annual visitors. That purchase in September capped off a busy month of acquisitions totaling over $140 million and more than 650,000 square feet that also included Cypress Trace, a 280,000-sq. ft. grocery-anchored shopping center in Fort Myers, Florida, and Park Plaza, a 25,000-sq. ft. mixed-use property in Winter Park, Florida.
Other major acquisitions made in 2024 included:
Monarch Ranch, a 3,400-sq.-ft. industrial site in The Villages, Florida
North River Marketplace, a 51.52-acre site in Venice, Florida
Carillon Place, a 250,000-sq. ft. retail center in Naples, Florida
Glengary Shoppes, a 95,489-sq. ft. retail center Sarasota, Florida -
The Benderson portfolio now includes 1,065 properties totaling over 55 million square feet across 40 states.
Industry Accolades
Along with being named the largest commercial real estate developer in Tampa Bay by the Tampa Bay Business Journal, and Western New York Company of the Year in Retail by Buffalo Business First, both publications recognized Benderson Development in 2024 as one of the best places to work. "It 's evident that our growth and successes this year, and every year, would not be possible without the dedication of our talented team and the shared vision that guides us all," Benderson added.
Looking Ahead
When asked to reflect on what this year 's milestones mean to him, Randy Benderson sees them as fuel for further growth and innovation in the years ahead. "These achievements are much more than positive statistics or awards for the mantle. They represent the successful execution of our long-term strategy and the solid foundation we 've built over the course of more than seven decades as industry leaders committed to projects that set the stage for people, businesses and communities to flourish."
For More Information Contact:
Communications Coordinator, Mcalley Spierto
Mcalley@stripetheory.com
SOURCE: Cambridge Global
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