Primestor Development Inc. was established in March of 1999 to become the administrative and development arm of Primestor Properties, a twenty-five (25) year family-owned business, and its related entities. Primestor Development Inc. and its employees run day-to-day activities for assets under management, development and construction.
Primestor Development Inc. has its roots embedded in the retail sector since its original formation. Through development, rehabilitation, acquisition, leasing and management, the partners and employees have acquired an extensive amount of experience in all aspects of the Real Estate industry with an emphasis in the urban markets and Hispanic Community.
Primestor has been involved in the development, leasing, management and acquisition of several million square feet, and currently manages 2,600,000 square feet and sev
eral million square feet more under development. The Company has had a diverse Real Estate portfolio; including residential units, office buildings, community retail centers, industrial properties, and open land.
Primestor's deep understanding of minority markets has been recognized through various awards. Most recently the Latino Business Association's 2002 Business of the Year Award, the City of Los Angeles' Minority Construction Firm of the Year Award for 2005, the Business Leadership Award by HUB Cities Consortium in 2008, the Community Pioneer Award by S.E.A. in 2009, and by the Alternative Living for the Aging in June 2008. Primestor has positioned itself as an important source and leader of real estate for the retail sector in said marketplace.
