In the competitive world of real estate development, a company’s ability to adapt and innovate often determines its success. Quattro Development, a small yet dynamic build-to-suit real estate firm based in Oak Brook, Illinois, has emerged as a formidable player on the national stage since its establishment in 2008. With an unconventional approach that transcends local boundaries, Quattro Development has successfully executed projects in an impressive 31 states, solidifying its reputation as a national heavyweight in real estate.
A Vision for National Dominance
Co-founded by Rob Walters and Michael Liyeos, Quattro Development set out with a clear mission: to become the leading net lease developers in the United States. Their strategy revolves around collaborating with national retailers and operators, facilitating their expansion across the nation. Over time, this strategy has attracted renowned clients such as Chipotle, Chick-fil-a, and Guidepost Montessori, elevating Quattro Development to a prominent position in the industry.
Rather than constantly seeking new clients for each project, Walters and Liyeos have adopted a more strategic approach. They prefer to work with a select group of clients across state lines, enabling them to apply consistent strategies nationwide while tailoring solutions to align with local contexts when necessary. This approach sets them apart as a developer with a national presence but a localized touch.
Quattro Development’s recent accomplishments include the sale of a multi-tenant development in Statesville, North Carolina, for $4.6 million. This property now hosts Chipotle, AFC Urgent Care, and The Joint Chiropractic, marking a remarkable transformation from its previous identity as a Ruby Tuesday restaurant. Through effective collaboration with local contractors, Quattro Development successfully redeveloped the property, leveraging suburban growth and strategic location.
A Notable Triumph in Lynwood, Washington
Another significant achievement is the sale of a redeveloped site in Lynwood, Washington, for $9.2 million. The company converted an 11,200-square-foot multi-tenant retail center into a freestanding Guidepost Montessori building. Despite the challenges posed by rising interest rates and competitive markets, this accomplishment exemplifies Quattro Development’s ability to identify opportunities and bring them to fruition.
One of Quattro Development’s most noteworthy collaborations is with Guidepost Montessori, a national Montessori school for children. Quattro Development handles both redevelopment and build-to-suit projects for Guidepost, further expanding their portfolio. This partnership has resulted in the sale of various properties in different locations across the United States, demonstrating the company’s capacity for nationwide growth.
Despite its small team of just ten members, Quattro Development has a remarkable presence across the nation. This remarkable feat is attributed to their forward-thinking strategies and an evolving partnership with Guidepost Montessori. Walters and Liyeos have reinvested profits to expand their team and increase their capacity, not only for more Guidepost projects but also to welcome new clients.
A Continued Commitment to Innovation
While build-to-suit projects remain their core focus, Quattro Development is not averse to exploring new opportunities in a competitive and evolving real estate market. Recent endeavors include the acquisition of a car wash property in Bradenton, Florida. This unique purchase reflects their willingness to adapt and invest strategically for long-term returns.
As they continue to build Quattro Development for the long haul, Walters and Liyeos envision a company that evolves beyond their own leadership. Their goal is to empower their employees to take on leadership roles and to see the company grow into something greater than themselves. It’s a win-win scenario for employees, clients, and the future of Quattro Development.