Hood Development

Preferred Development is a Chicago-based commercial real estate development and consulting firm, established in 1993, that specializes in single-tenant turnkey retail development. With a focus on understanding community dynamics, the company has successfully transformed various properties, including a 105,000-square-foot shopping center into a thriving retail hub, and has completed development projects totaling over $600 million in investment-grade real estate.

Recognized for its tenant-driven approach, Preferred Development has collaborated with notable retailers such as Walgreens, Starbucks, and Bank of America, facilitating their expansion throughout the Midwest. The firm prides itself on providing superior management and tenant satisfaction, ensuring that the best occupant is often the tenant already in place.

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