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We invest in what we know.

Limestone acquires, develops and holds retail, land, medical office & multi-family real estate.

Projects

Total deal value

About Limestone

Limestone is a privately held commercial real estate investment and development company. We acquire, develop, reposition and hold real estate throughout Pennsylvania and the surrounding regions, with a focus on opportunities where our local market knowledge and hands-on approach can create long-term value.

We invest across a range of asset types, including retail, land, medical office, residential and mixed-use properties.

We move decisively and avoid unnecessary layers of real estate committee approval and structure transactions around what a seller actually needs. We take a disciplined approach to underwriting, with an emphasis on sound fundamentals and long-term ownership.

Our team is made up of real estate professionals with backgrounds in legal, finance, brokerage and construction.

What we own

Asset classes

Retail

Neighborhood centers, single-tenant net lease/stabilized and pad sites we manage and re-tenant.

Land

Infill parcels, highway frontage and larger land tracts. We carry the entitlements and run the municipal process directly.

Medical Office

Small multi-tenant medical and outpatient facilities, including dental, in established suburban corridors.

Multi-Family

Build-to-rent apartments and townhome communities, developed and held long term.

Geography

Where we invest

We own and develop throughout Central, Eastern and Northeastern Pennsylvania.

Actively invested

Counties where we currently own or are developing assets.

Actively looking

Counties we are underwriting in and would close in today.

Opportunistic

Everywhere else in Pennsylvania. The right deal travels.

Investment criteria

What we look at

If it fits the box, send it. If it doesn't, send it anyway — the exceptions have been some of our better deals.

Retail & Mixed-Use

Stabilized STNL, credit or non-credit tenants
Neighborhood and strip centers or big box sites
Single-tenant buildings with a short lease or a departing tenant
Hard corners or mid-block

Multi-Family

Smaller buildings, roughly 10 to 60 units (no downtown locations)
Apartments above ground-floor retail
Townhome development opportunities
Approved projects, or projects mid-approval

Medical

Practices selling the building on their way out
Suites left empty after a group consolidated
Dental and single-specialty buildings in established corridors

Land

Retail pad sites between 1–10 acres
Residential sites between 5–50 acres
Covered land plays
Underutilized parcels or excess land

Terms

How we transact

Project size

$500,000 to $10,000,000. Larger with a joint venture partner.

Structure

All cash, conventional debt and seller finance (in some scenarios).

Condition

Stabilized, value-add, vacant or raw. Deferred maintenance is priced, not avoided.

Partnerships

We will take a minority position, develop for an owner-user who wants to stay in, or buy the land and lease it back.

Our word is our reputation.

We are upfront from the first conversation and we set expectations we can meet.

Off-market welcome

Interested in working with us?

Send the address & some deals and we'll come back with a number and the terms behind it.