By Michelle Cioci Adams – Managing Editor , Buffalo Business First
Dec 2, 2022
Benderson Development LLC started from humble beginnings with founder Nathan Benderson buying and selling bottles from breweries at age 16. He went on to acquire and redevelop a brewery, the first step toward three generations of real estate success.
The company’s portfolio includes 800 properties totaling over 48 million square feet in 40 states.
The business is now headed by Managing Director Randall Benderson, son of company founder Nathan, and grandson, Shaun, who also serves as a managing director.
As a family-owned and operated business, the company takes as much pride in its employees as it does in the communities it serves. A third of Benderson’s staff has been with the company for more than a decade.
Benderson Development
570 Delaware Ave., Buffalo • bendersondevelopment.com
Managing director: Randy Benderson
Other key executives: Shaun Benderson, managing director; Evan Benderson, executive director of leasing; Stephen Scalione, executive director of finance
Founded: 1949
Founder: Nathan Benderson, father of Randy and grandfather of Shaun and Evan
Employees (local): 240
Employees (worldwide): 365
About the company: Benderson owns, develops, manages and leases an extensive portfolio of over 800 properties totaling more than 50 million square feet in 40 states.
Key event in company history: This past year, after more than 75 years of business under the leadership of three generations of the Benderson family, the company reached 50 million square feet of property ownership in 40 states.
Most people don’t know: Company founder Nathan Benderson got started in the real estate industry by purchasing a former brewery, with all the contents included. He sold all the bottles from the brewery and made enough money to acquire another building, thus starting Benderson Development.
Advice for other family businesses: Treat your employees as if they were members of your own family. Benderson is most proud of the fact that more than 50 employees have been with the company for over 20 years.