Tristate Ventures L.P.

Tristate Ventures, L.P. (Tristate) was established in 2001 as a development company specializing in retail and residential real estate. It has played a leading role in developing and repositioning a diverse portfolio of properties that includes grocery anchored strip centers, enclosed malls and power centers and planned unit developments.  Tristate’s success is based on its in-depth knowledge of development, brokerage, real estate law and construction management.  It has also effectively partnered with venture capital firms, including American Realty Advisors, Cedar Shopping Centers, Investco, Benefit Street Partners, Bridge Funding and other investment groups in some of its projects. Tristate Ventures’ portfolio is comprised of more than 3.5 million square feet.

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Tristate’s principal was a partner in Fameco Real Estate, L.P (Fameco).  Fameco was the Delaware Valley’s premier full service brokerage firm specializing in retail real estate, they have completed hundreds of transactions with tenants including Wal-Mart, Lowe’s Home Improvement Centers, Home Depot, Borders Books, Wegman’s, LA Fitness, Best Buy, Staples, and Petco, among many others.  In addition, Fameco managed approximately 11,000,000 square feet of retail shopping center space.  In concert with the marketing and asset management programs implemented at Fameco, Tristate Ventures has consistently developed profitable retail shopping centers and transformed troubled properties into stabilized income producing assets. Fameco Real Estate and Fameco Management were sold to CBRE in 2014.

Like its affiliated company Fameco, Tristate has a regional focus, but also a national reach.  The synergies created between these organizations allow Tristate to leverage relationships, knowledge and expertise on a national basis. These relationships give Tristate access to a vast network of resources from buyers and sellers, to developers, to active retailers to investment funds. The depth of market knowledge, understanding of retailer requirements and landlord leasing acumen serve to complement Tristate’s skills and ultimately lead to maximizing asset value. Whether the goal is to reposition an under-performing property or develop new, Tristate “creates value through the power of development”.