Sandor Development Company - Indianapolis, IN
10689 N Pennsylvania St Suite 100 Indianapolis, IN 46280 (317) 925-9011
Sandor Development Company is a privately held shopping center developer, owner, and operator headquartered in Indianapolis, Indiana. Founded in 1963 by Sidney Eskenazi, the company has grown into one of the nation's larger privately held retail developers, controlling over 8 million square feet of commercial retail space distributed across 25 states. The firm was built primarily through ground-up development of shopping centers anchored by national retailers including Walmart, Target, Kohl's, and Kmart. Following the 2008-2009 financial crisis, Sandor shifted its investment strategy from ground-up development to opportunistic acquisitions. Since then, the company has acquired over $700 million in undeveloped land, existing shopping centers, and single-tenant retail assets. The portfolio grew from approximately 6 million to over 8 million square feet during this acquisition-focused period. Sandor operates through dual headquarters in Indianapolis, Indiana and Scottsdale, Arizona, serving Midwest and Southwest markets. The company operates through 26 entities and maintains an affiliated investment arm, Sand Capital, which is controlled by the principals of Sandor Development Company and focuses on acquisitions and dispositions.
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