Peppercorn Capital

About Peppercorn Capital

Peppercorn Capital is a real estate operator headquartered in Chicago, IL. Peppercorn Capital operates in Chicago, Illinois. Its investment focus is on Historic Tax Credits, Industrial and Multifamily - Ground-up.

Peppercorn Capital, LLC is a privately held commercial real estate investment, ownership, and management company headquartered in Chicago, Illinois. Founded in 2000 by Phil Denny, the company has approximately 26 years of operating history and an estimated 2–10 employees. Its portfolio includes more than 30 properties concentrated in Chicago's Fulton Market, West Loop, and Kinzie Industrial Corridor neighborhoods. The company specializes in acquiring, renovating, leasing, and managing commercial buildings, particularly historic industrial and manufacturing properties. Its portfolio includes loft offices, light-industrial facilities, high-bay manufacturing spaces, fabrication workshops, design studios, and mixed-use commercial properties. Peppercorn offers flexible leasing arrangements for startups, manufacturers, and established businesses. Peppercorn Capital's notable transactions include the 2023 sale of a 79,000-square-foot building at 240 North Ashland Avenue to mHUB for $32.5 million. The company operates as an independently owned real estate investment business, managing its properties directly without outside equity investors.

Principals at Peppercorn Capital

Recent activity at Peppercorn Capital

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Peppercorn Capital's project portfolio

No projects on file for Peppercorn Capital yet.

Markets and themes

Markets Peppercorn Capital operates in

• Chicago, Illinois

Investment themes at Peppercorn Capital

• Historic Tax Credits
• Industrial
• Multifamily - Ground-up
• Small-Bay Industrial
• Standalone Retail
• Suburban Office

Capabilities

• Asset Management
• Construction Management
• Environmental Remediation
• Public-private partnerships
• Site Development
• Technology-forward
• Urban infill

Operators similar to Peppercorn Capital

• CSW Development
  Mid-market tierSuburban OfficeSmall-Bay Industrial+3 more themes
• Stonegate Group, LLC
  Mid-market tierSuburban OfficeHistoric Tax Credits+3 more themes
• Haith & Company, Inc.
  Mid-market tierIndustrialStandalone Retail+3 more themes
• Pritchard Development Corporation
  Mid-market tierSuburban OfficeHistoric Tax Credits+3 more themes
• The Town Lake Company
  Mid-market tierSmall-Bay IndustrialMultifamily - Ground-up+2 more themes
• Potomac Development Group (PDG)
  Mid-market tierSuburban OfficeMultifamily - Ground-up+2 more themes
• Third Space Properties Inc.
  Mid-market tierSuburban OfficeMultifamily - Ground-up+2 more themes
• Gershman Partners
  Mid-market tierSuburban OfficeMultifamily - Ground-up+2 more themes
• RWC
  Mid-market tierSuburban OfficeMultifamily - Ground-up+2 more themes
• Quannah Partners
  Mid-market tierSmall-Bay IndustrialMultifamily - Ground-up+2 more themes

Frequently asked questions about Peppercorn Capital

What does Peppercorn Capital do?

Peppercorn Capital, LLC is a privately held commercial real estate investment, ownership, and management company headquartered in Chicago, Illinois.

Where is Peppercorn Capital based?

Peppercorn Capital is headquartered in Chicago, IL.

What markets does Peppercorn Capital operate in?

Peppercorn Capital is active in Chicago, Illinois.

How many employees does Peppercorn Capital have?

Peppercorn Capital has 2–10 employees.