Speedway Properties is a privately held commercial and residential real estate firm based in Lincoln, Nebraska. Founded in 1961, the company operates as a subsidiary of Speedway Motors and functions as a limited partnership focused on owning, developing, managing, and leasing properties throughout the Lincoln market. The firm manages a portfolio of over 200 properties totaling more than 5 million square feet across retail, office, industrial, and residential asset classes.
The company traces its roots to Speedway Motors, which was established by "Speedy" Bill Smith. Following Bill Smith's passing in 2014, his family continues to operate both Speedway Motors and Speedway Properties. The firm is known for its approach to redevelopment of older structures and new construction, receiving recognition for projects that have influenced Lincoln's commercial landscape. The company's investment strategy centers on long-term ownership with an emphasis on property repositioning through redevelopment and hands-on management.
Speedway Properties serves a tenant base that includes national retail brands, startups, local non-profits, and publicly-traded corporations. The firm's residential portfolio includes apartment communities in downtown Lincoln, such as Telegraph Flats, Canopy Park, Canopy Row, Telegraph East, Telegraph West, Cadillac Lofts, and Arena Lofts. These properties are concentrated in the Haymarket District and Telegraph District, offering proximity to the University of Nebraska-Lincoln's City Campus. The firm operates under a vertically integrated model, handling property development, leasing, construction, and management in-house through its team of real estate professionals and property managers.
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