The Koffler Group is a full service real estate owner/developer/manager based in Providence, Rhode Island.
The Group began its operation in 1978, having been capitalized with proceeds resulting from founder Sol Koffler’s sale of American Tourister Luggage Company to Hillenbrand Industries.
Since that time, The Group has been an active player in New England’s real estate market, having acquired and/or developed a real estate portfolio with a maximum build-out potential of over 5 MM square feet and conservatively valued in excess of $350 MM. Through continued direct investments and/or in conjunction with public and private equity venture partners, The Koffler Group intends to significantly increase the size of its real estate portfolio in the coming years.
The Group’s diversified portfolio is located regionally throughout New England and includes retail, office/R&D, industrial, and residential properties. The Group is vertically integrated and provides engineering, construction, and property management services for the assets in its portfolio.
In addition to its wholly-owned portfolio, in 2001 The Group established KGI Properties, LLC (www.kgiproperties.com), to acquire, develop and manage retail and mixed-use real estate across the Northeastern United States. Since its inception, KGI has successfully completed the development of approximately 2.5 MM square feet of property at an aggregate cost in excess of $250 MM, and presently has another 2.0 MM square feet in its pipeline.