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Bill Buchalter — a former Prudential Securities Senior Vice President — founded Capital Growth Properties in 2005. In September of 2007, his brother Robert agreed to merge The Buchalter Company (the family real estate investment and development business) with Capital Growth Properties.
Robert and Bill's father, Aubrey, founded The Buchalter Company in 1964. The former proprietor of a Tuscaloosa, Alabama-based retail clothing store, the elder Buchalter started building houses in the early 1960's to supplement his primary income. After several early successes, he
closed his store and entered the construction business full-time — eventually buying-out his partner, and changing the company name to The Buchalter Company.
The Buchalter Company steadily expanded in size and scope during the next two decades. In the late 1980's, the company ventured into Retail Build to Suit and Retail and Commercial Development — areas in which the company remains active today.
The merger between Buchalter and Capital Growth Properties added the critical component of development to Bill Buchalter's vision of creating a full-service real estate development, marketing and management firm. The final component came
through a chance meeting on a golf course in Scottsdale, AZ.
Bill and Robert had agreed to play in a corporate golfing event in Scottsdale — where they met John Nagle. Nagle was previously with General Growth Properties -
one of the country's largest Real Estate Investment Trust's for 15 years. He has been the
Assistant to The Chairman of The Board.
The addition of Nagle (and several of his prior General Growth colleagues) to the Capital Growth Properties team brought the organization tremendous property management and accounting experience — rounding-out Bill's expertise in securities, investment and finance, and Robert's background in construction & development.
While Capital Growth Properties focuses its efforts on retail property development and management (with a particular expertise in rehabilitating and revitalizing declining shopping centers), the company's principals have enjoyed a broad range of real estate successes — from multi-family to large office.
In July of 2007 Capital Growth acquired the Midwest division of Madison Marquette (a Washington, D.C.-based investor, developer and operator of retail and retail mixed-use real estate throughout the United States).
Capital Growth | Madison Marquette today owns or manages 77 properties — together exceeding 5.5 million square feet — in 9 states: Alabama, Colorado, Iowa, Louisiana, Michigan, Minnesota, Mississippi, Tennessee and Texas. With the financial and human resources needed to pursue opportunities whenever and wherever they arise, the company is increasingly adding new institutional investment partners to its original private-investor client base.
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