Preferred Development is a Chicago-based commercial real estate development and management company.

Formed in 1993 in order to pursue single tenant turn-key retail development opportunities, the company is now one of the most aggressive developers and owners of retail properties in the Midwest.

Since it’s inception, Preferred has been a tenant-driven organization working with some of America’s most respected retailers including Starbucks, LaSalle Bank (now Bank of America), Jiffy Lube, Sherwin Williams, Blockbuster Video, Applebee’s, Aldi, BP and Walgreens. In fact, since the mid-1990s, Preferred has assisted Walgreens Company in their expansion throughout the Midwest and Arizona; most of which required difficult assemblages involving multiple property owners, environmental issues, changes in zoning status and management of general contractors.To date, Preferred has completed development projects totaling more than $500,000,000 of investment-grade real estate. In addition to this, we have sold over $1 billion worth of net leased properties to both 1031 Exchange clients and trust offers.

Because of our staff’s diverse real estate backgrounds, Preferred Development is able to provide a level of service and quality not readily found with other companies in this industry. With our seasoned in-house site selection, planning, construction management, leasing, marketing and brokerage staff, we establish and manage the development process and meticulously monitor its progress to ensure that our projects are delivered on time and on budget.

We encourage you to learn more about how Preferred Development can identify ideal retail sites, provide ground-up development and lease retail space in some of the most desirable areas of the Midwest. You can visit us at www.preferreddevelopment.com.