Commercial Development
Ground-up development for retail, government, and mixed-use properties
Hood Development
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About Hood Development
Commercial real estate development and consulting services are provided for retail, government, and mixed-use properties. The company identifies sites, manages ground-up development, supports build-to-suit facilities, and leases commercial space in markets across the Midwest and elsewhere. Its work includes freestanding, in-line, and urban mixed-use properties with apartments and office space. Specialties include tenant-driven retail development, complex property assemblages, zoning coordination, environmental issues, general contractor management, and government-leased assets. The company has developed freestanding Walgreens locations and assisted with sales of net leased properties to 1031 Exchange clients, syndicators, individuals, and family offices. Preferred Development is based in Chicago, United States.
Disclosure: Profile information has been compiled from publicly available sources and has not yet been verified by the business.
Representative photos. Illustrative images for this category, not photos of Hood Development and not provided by the business.
At a glance
- Service area
- Midwest, Arizona, northern Indiana, Illinois, Michigan, Ohio
- Brands
- Walgreens, Bank of America, Jiffy Lube, Sherwin Williams, Applebee's, Aldi, BP, Levi's, Five Guys Burger
- Team
- Evan Oliff is president of Preferred Development.
- Founded
- 1993
- Developed more than 46 freestanding Walgreens stores.
- Completed development projects totaling more than $600,000,000 of real estate investment.
- Sold over $1 billion worth of net leased properties.
From preferreddevelopment.com, checked 22 Oct 2026. Only what the business states on its own website.
Services
- Commercial real estate development Development of retail, industrial, government and mixed-use properties.
- Real estate consulting Site identification and commercial real estate consulting.
- Ground-up development
- Build-to-suit facilities Includes work for state agencies.
- Commercial property leasing Leases space in commercial properties.
As listed by Hood Development. Prices as published by the business and may change.
Services & specialities
Highlights
Site Identification
Finds sites and manages complex assemblages for commercial projects.
Property Leasing
Leases commercial space, including government and mixed-use properties
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