Corporate Overview

The Hecht Company was founded in November of 2001 as a firm dedicated to the acquisition of retail real estate assets for its own account, and to execute select brokerage assignments for a small number of clients.   The company focused on acquiring retail assets as Principal within two hours of Boston as well as  on major  brokerage transactions throughout New England.   To date, The Hecht Company has completed over two million square feet of brokerage and acquisition transactions since its founding, with an additional four million square feet in its brokerage and development pipeline. 

Due to the high volume of retail developments as principals, Hecht Development was founded in December of 2006 with the sole purpose of growing the company's equity property portfolio throughout the northeast.  

Hecht Development specializes in the detailed market analysis of properties for its own account.  This  high level market research uses specific site location criteria like traffic counts, drive times, and tenant competition mapping to carve out distinct trade areas for development. Hecht Development has many in-house capabilities that allow it to evaluate development opportunities quickly and decisively, such as sophisticated digital aerial photography, experience in site layout, engineering and zoning reviews, as well as  investment & development pro-forma analysis.   The firm's legal department performs in-depth purchase agreement negotiations, Lease negotiations, and legal permitting oversight.    

Hecht Development  has the financial strength and experience to acquire retail assets and development sites of all sizes and degrees of complexity.  The firm has the ability to manage several projects at any point in time, and is aggressively seeking additional high-quality projects in order to attain its goals of developing a portfolio of at least 40 new projects by the year 2016.