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Cornerstone Development Partners’ focus is on the development of single-tenant retail and shopping centers and we have experience in all facets of commercial real estate development.
Over our more than thirty-year history as a full-service development company, we have become an established leader in southeastern real estate development, creating over 15 million square feet of financially successful, high-quality properties in the office, industrial and retail markets. This has earned us the respected reputation for being effective, highly capable and known for our principles and being an organization that gets the job done.
We are retail-development specialists and a relationship and results-oriented company.
- In 1977, Kern & Company, Inc. was formed to respond to emerging needs of business and developed strategically located office parks, office buildings, industrial parks and shopping centers in the Atlanta area. In 1984, Kern acquired Lincoln National Development Corporation from Lincoln National Life Insurance Company with partners AT&T and Eastman Kodak who were represented by Goldman Sachs. Kern has developed and owned a variety of real estate assets worth over $1 billion located throughout the USA.
- In 1995, we reorganized as United Retail Development Company, LLC, with a focus on quality credit, freestanding retail development.
- In 2005, Cornerstone Development Partners, LLC organized to continue our focus on quality credit, freestanding and neighborhood retail center development, creating timely store openings in the best markets on great sites.
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TOTAL PORTFILIO Development and Ownership Costs – approximately $1.3 Billion:
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| Office Product Developed and Owned |
6.4 million s.f. |
$512,000,000 |
| Industrial Product Developed and Owned |
5.5 million s.f. |
170,500,000 |
| Hotel Rooms Owned |
4,700 rooms |
1.0 million s.f. (est.) |
259,000,000 |
| Neighborhood Shopping Centers Developed |
1.33 million s.f. |
116,700,000 |
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Kroger Village Shopping Center
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104,000 s.f. (est)
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16,034,900
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Piedmont Village (Winn Dixie)
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130,000 s.f
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24,530,000
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Roswell Village
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97,000 s.f.
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23,377,000
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Land/Misc
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10,600,000
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| Dollar General Stores |
92 stores |
920,000 s.f. |
65,000,000 |
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CVS/pharmacy
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11 stores
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117,000 s.f.
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22,300,000
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| Eckerd Drugstore |
30 stores |
366,200 s.f. |
81,500,000 |
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Advance Auto Parts
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7 stores
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49,000 s.f.
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9,450,000
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| Walgreens |
2 stores
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28,200 s.f. |
7,700,000 |
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Arby’s
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1 store
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3,500 s.f.
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1,100,000
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| Dollar Tree |
1 store |
10,000 s.f. |
850,000 |
| TOTALS |
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16,057,900 s.f.
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$1,320,641,900
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