Powell Development Co. is a professional, full-service development & property management firm whose sole purpose is to find and retain quality tenants and to cost-efficiently manage and maintain the appearance and condition of your property. We have been managing properties for over twenty years and take pride in managing with such efficiency that our clients often experience an increase in property portfolio profitability.
Background & History
Powell Development Company is a family-owned and operated company based in Bellevue, Washington. The company was founded in 1989 by father and son team, Lloyd Powell and Peter Powell, each of whom has significant real estate development, property management, and commercial construction experience in previously-owned businesses. They were joined in 2011 by Lauren Powell, Peter’s eldest child and Lloyd’s granddaughter. Lauren oversees the Asset Management division and works closely with Peter on new developments.
Powell Development Company has evolved into a thriving organization that focuses on providing boutique-style services with the resources of a large developer. From development through construction, to on-going asset management, our team serves all stages of the development process, making it unique to the Pacific Northwest.
Powell’s Property and Asset Management division excels in leasing and managing retail shopping centers. Using our hands-on approach, we successfully manage over two dozen retail centers in Washington, Oregon, Idaho and Utah. Building and maintaining relationships is key to our success — relationships with national retail chains, local businesses, and individual tenants. When combined with cost-effective maintenance standards, we can achieve the highest and best use goals for property owners the same way we have for the Powell Development portfolio.
Our development team has over 40 years experience in creating various types of commercial properties — from stand-alone projects including drug stores, banks, restaurants and daycare centers. The team at Powell also has outstanding experience in the development of mixed-use projects and the revitalization of existing shopping centers. To date we have developed and/or built over 50+ Albertsons, 25+ Walgreens and multiple projects for Costco, Fred Meyer, Whole Foods, Safeway and Target.