Trefoil history



Keywords: trefoil history
Description: Trefoil Properties was founded by Robert T. Wrigley in 1990. During its first decade of operations, the company was a “merchant” developer, purchasing raw land, obtaining approvals for those sites,

Trefoil Properties was founded by Robert T. Wrigley in 1990. During its first decade of operations, the company was a “merchant” developer, purchasing raw land, obtaining approvals for those sites, constructing the vertical assets, leasing and selling the stabilized product at a profit.

As a merchant developer, Trefoil concentrated primarily on local properties, emphasizing retail centers and Class A suburban office. During that period, the Tremark Management property management portfolio grew substantially too, adding third party properties to those owned by Trefoil.

  • Retail: 2 community centers, 431,000 sf constructed plus 2 neighborhood centers re-developed, 120,000 sf
  • Office properties: 2 multi-tenanted office campuses, 194,000 sf constructed
  • Land rezoning, approvals and resale: sold to residential developers, 225 homes constructed

The merchant development formula was highly successful; however, Trefoil’s management realized the need to counteract the cyclical nature of commercial real estate and turned to an investment fund focused on retaining high quality properties over a long term holding period.






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