Preferred Development

About Preferred Development

Preferred Development is a real estate operator headquartered in Atlanta, GA. Preferred Development operates in Chicago, Illinois, Indianapolis, Indiana and South Bend-Mishawaka, Indiana - Michigan. Its investment focus is on Golf Courses, Standalone Retail and Suburban Office.

Preferred Development is a Chicago-based commercial real estate development and consulting firm established in 1993, accumulating 33 years in operation. The company operates with a lean team of 2 to 10 employees and has completed over $600 million in investment-grade real estate projects. Additionally, it has successfully sold more than $1 billion in net-leased properties to 1031 Exchange clients and trust officers. The firm specializes in single-tenant retail properties, government-leased facilities, and mixed-use urban real estate developments. Notable milestones include developing 46 freestanding Walgreens stores across Illinois, Indiana, Michigan, Ohio, and Arizona. Furthermore, Preferred Development has executed build-to-suit projects for federal agencies such as the DEA, DHS, and FBI, alongside state organizations including the Department of Child Services and the Department of Family Resources.

Principals at Preferred Development