Sometimes, the whole really is greater than the sum of its parts—especially in commercial real estate. Individual parcels that may seem limited in potential can become significantly more valuable when combined with neighboring properties. This strategy, known as parcel assembly, is a proven way to unlock hidden value, particularly for developers looking to create larger footprints for retail, mixed-use, or multifamily projects.
So why does parcel assembly work so well? For one, larger sites can accommodate bigger tenants or denser developments. Whether it’s a national retailer seeking a certain square footage or a multifamily project that pencils out better with more units, the economics of scale start to kick in. A combined site often has stronger street presence, better access, and improved layout options—making it more attractive not only to tenants and end-users but also to institutional buyers who typically avoid smaller or oddly shaped lots.
You might be sitting on a missing puzzle piece and not even know it. If your property is next to an underutilized site—or vice versa—there could be a bigger opportunity waiting to be unlocked. We specialize in identifying and facilitating these kinds of combinations. If you think your parcel might be part of a bigger picture, let’s talk. You’d be surprised how often a quiet property becomes the linchpin to a much larger deal.