About National Real Estate Development, LLC · Philadelphia
National Real Estate Development, LLC is a full-service real estate development firm headquartered in Philadelphia, Pennsylvania, focused on developing complex, mixed-use projects in major U.S. markets. Founded in 2013, the firm operates as the independently run development subsidiary of National Real Estate Advisors, LLC, which in turn is a wholly owned subsidiary of the National Electrical Benefit Fund (NEBF), a Taft-Hartley pension trust. Since inception, National Development's directly developed projects that are completed or under construction have totaled nearly 6.3 million square feet, with marquee Philadelphia projects including East Market, The Noble, Jefferson Honickman Center, and the Northern Liberties master plan.
National Real Estate Development, LLC ('National Development') is a Philadelphia-based real estate development firm established in 2013 when National Real Estate Advisors formalized its development activities into a dedicated subsidiary. As the full-service, independently operated development arm of National Real Estate Advisors, the firm specializes in turning underutilized urban real estate into thriving, state-of-the-art mixed-use developments, with a particular emphasis on live-work-play environments in dense, walkable neighborhoods. The firm's project portfolio centers on Philadelphia's Center City and Northern Liberties neighborhoods. East Market is a multi-phase, mixed-use redevelopment of an entire city block including 105,000 square feet of podium retail, 562 rental apartments, 175,000 square feet of Class A warehouse office, and 21,000 square feet of ground-floor retail. The Noble, at 200 Spring Garden Street, is a 13-story, 360-unit residential tower developed in partnership with KRE Group, featuring a 17,000-square-foot City Fitness flagship, a year-round 75-foot heated pool, and a 10,000-square-foot green space. Jefferson Honickman Center at 1101 Chestnut Street opened in April 2024 as the final phase of East Market and anchors a major healthcare/office presence. The firm's broader Northern Liberties master plan, in joint venture with KRE Group, encompasses four parcels along North 2nd Street with up to 1.2 million buildable square feet of LEED-certified mixed-use space. Beyond Philadelphia, National Development has delivered projects in Washington, D.C. (The Stacks, 100 V Street, 1625 Mass), Los Angeles (The Bloc), and San Francisco (100 Van Ness). Leadership is anchored by President Daniel Killinger, who also serves as Executive Vice President and Chief Operating Officer of National Real Estate Advisors. The firm is guided by principles of integrity, community, collaboration, and sustainability, and integrates environmentally responsible practices across its portfolio.
- In business
- Founded 2013 (approximately 12 years as of 2025)
- Owner
- National Real Estate Development, LLC is the wholly owned development subsidiary of National Real Estate Advisors, LLC. National Real Estate Advisors is itself a wholly-owned subsidiary of NREA Holdings, LLC, which is in turn wholly owned by the National Electrical Benefit Fund (NEBF), a Taft-Hartley pension plan established for electrical workers and contractors. President of National Real Estate Development: Daniel Killinger (also Executive Vice President & COO of parent National Real Estate Advisors).
- Serves
- Philadelphia, PA (headquarters) with active development in Washington, D.C., Los Angeles, CA, and San Francisco, CA; historic presence in major U.S. urban markets
Company Overview & Mission
National Real Estate Development, LLC is a full-service, independently operated real estate development firm focused on developing complex, mixed-use projects throughout the country. The firm describes itself as 'pioneering vibrant transformations' and 'specializ[ing] in turning underutilized real estate into thriving, state-of-the-art developments.' Its development principles are guided by what the firm calls 'integrity, community, collaboration, and sustainability,' and it works to set new standards for live-work-play environments in urban communities.
- Full-service real estate development firm
- Founded 2013 as subsidiary of National Real Estate Advisors
- Headquartered in Philadelphia, PA
- Focus on complex, mixed-use urban projects
- Guiding principles: integrity, community, collaboration, sustainability
Company History & Milestones
National Real Estate Development was formed in 2013 when National Real Estate Advisors formalized its development activities into a dedicated LLC. Since then, the firm has built a national portfolio across Philadelphia, Washington, D.C., Los Angeles, and San Francisco, with completed or in-construction developments totaling nearly 6.3 million square feet. The timeline below reflects major project openings, financings, and corporate milestones as published on the firm's website.
- 2013 — National Real Estate Advisors formalizes development activities through formation of National Real Estate Development, LLC
- 2017 — Opening of The Stacks, Washington, D.C.
- 2018 — Opening of The Bloc, Los Angeles
- 2019 — Opening of Canopy by Hilton Philadelphia Center City; closing of Jefferson Honickman Center transaction
- 2020 — Launch of Jefferson Honickman Center, Philadelphia, PA
- 2021 — Opening of The Ludlow East Market, Philadelphia, PA; National and KRE Group announce 1 million+ SF Northern Liberties master plan
- 2022 — Opening of The Girard East Market, Philadelphia, PA
- 2023 — Opening of The Noble, Philadelphia, PA; Launch of 100 V Street, Washington, D.C.
- 2024 — Completion / opening of Jefferson Honickman Center, Philadelphia, PA; National Development Headquarters opens in Philadelphia
- 2025 — Launch of 1625 Mass, Washington, D.C.
Philadelphia Portfolio: East Market
East Market is a mixed-use, multi-phase redevelopment encompassing an entire city block in the heart of Center City Philadelphia. The project's first phase includes 105,000 square feet of podium retail, 562 rental apartments, state-of-the-art digital and static signage, and 175,000 square feet of Class A warehouse office space above 21,000 square feet of ground-floor retail. Subsequent phases have delivered The Ludlow, The Girard, and the Jefferson Honickman Center, establishing East Market as one of the signature mixed-use redevelopments in downtown Philadelphia.
- Mixed-use, multi-phase Center City redevelopment
- 562 rental apartments
- 105,000 SF podium retail; 175,000 SF Class A office
- 21,000 SF ground-floor retail
- Phases include The Ludlow, The Girard, and Jefferson Honickman Center
Philadelphia Portfolio: The Noble
The Noble is a 13-story, 360-unit residential tower at 200 Spring Garden Street in Philadelphia's Northern Liberties, developed by National Real Estate Development in partnership with KRE Group. Its modern architecture draws inspiration from the warehouse-style buildings of Northern Liberties and the surrounding urban environment. The property is in initial leasing and operating status.
- 13 stories, 360 residential units
- Developed with KRE Group
- 17,000 SF flagship City Fitness Gym with cryotherapy, saunas, HydroMassage, juice bar
- Year-round heated 75-foot pool with skyline views
- Garage parking and first-floor bike room
- Amenity lounge, party room, and 10,000 SF green space
Philadelphia Portfolio: Jefferson Honickman Center
Jefferson Honickman Center, located at 1101 Chestnut Street, opened in April 2024 as the final phase of the East Market development in downtown Philadelphia. It anchors the East Market block with a major healthcare/office presence in partnership with Thomas Jefferson University and Jefferson Health.
- Located at 1101 Chestnut Street, Philadelphia
- Opened April 2024
- Final phase of the East Market development
- Major healthcare/medical office anchor for Center City
Philadelphia Portfolio: Northern Liberties Master Plan
Within the East Callowhill Overlay District (ECD), National Real Estate Development and KRE Group are jointly creating a unique mixed-use neighborhood designed to embody the City of Philadelphia's urban planning vision for the district and intended to be the cornerstone of a new generation of development in the ECD. The four-parcel, pedestrian-centric master plan sits along North 2nd Street between Callowhill Street and Spring Garden Streets and is anchored along Spring Garden Street.
- Four parcels along N. 2nd Street between Callowhill and Spring Garden
- Up to 1.2 million buildable as-of-right square feet
- LEED-certified mixed-use development
- First phase (200 Spring Garden and 412 N. 2nd Street) launched in 2021
- Architecture by Handel Architects, Morris Adjmi Architects, and MAJOR
National & Regional Portfolio
Beyond Philadelphia, National Real Estate Development has executed mixed-use, multifamily, and office projects in major U.S. markets including Washington, D.C., Los Angeles, and San Francisco. Notable projects include The Stacks, 100 V Street, and 1625 Mass in Washington, D.C., The Bloc in downtown Los Angeles, and 100 Van Ness in San Francisco.
- The Stacks — Washington, D.C.
- 100 V Street — Washington, D.C.
- 1625 Mass — Washington, D.C.
- The Bloc — Los Angeles, CA
- 100 Van Ness — San Francisco, CA
- Canopy by Hilton Philadelphia Center City — Philadelphia, PA
Leadership & People
National Real Estate Development is led by President Daniel Killinger, who has led the firm's development platform since joining National in 2013. Mr. Killinger also serves as Executive Vice President and Chief Operating Officer of parent company National Real Estate Advisors. The team also includes Director-level Development leaders such as Katie Hartley (Director / Managing Director, Development) and Peter Epstein (Director, Development Management).
- Daniel Killinger — President, National Real Estate Development; EVP & COO, National Real Estate Advisors
- Katie Hartley — Director / Managing Director, Development
- Peter Epstein — Director, Development Management
Corporate Structure & Parent Company
National Real Estate Development is the wholly owned, full-service development subsidiary of National Real Estate Advisors, LLC. National Real Estate Advisors, in turn, is a wholly-owned subsidiary of NREA Holdings, LLC, which is wholly owned by the National Electrical Benefit Fund (NEBF), a Taft-Hartley pension plan established to provide retirement benefits to electrical workers and contractors. National Real Estate Advisors is registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC).
- National Real Estate Development, LLC (development subsidiary)
- National Real Estate Advisors, LLC (SEC-registered investment adviser; parent)
- NREA Holdings, LLC (intermediate holding company)
- National Electrical Benefit Fund (NEBF) — ultimate parent, Taft-Hartley pension trust
- Independent Board of Directors appointed by NEBF
Sustainability, Community & Corporate Responsibility
The firm and its parent emphasize sustainability, responsible stewardship of capital, and community impact. National strategically integrates sustainable practices that maximize profitability, enhance performance, and deliver long-term value, and pursues third-party building certifications such as LEED. The parent firm's 2023 Corporate Responsibility Report highlights contributions to community organizations, food drives, meal deliveries, and partnerships with nonprofits including Washington School for Girls, Boys and Girls Club, No Kid Hungry, and Dressember Foundation.
- LEED-certified developments (e.g., Northern Liberties)
- Pursuit of GRESB and other third-party building certifications
- Community partnerships and philanthropic support at the parent level
- Urban farming and tenant engagement activations at properties like The Bloc
- Philanthropy and community involvement cited as 'at the core of our greater mission'
Contact & Offices
National Real Estate Development lists its Philadelphia office at 1100 Ludlow Street, Suite 402, Philadelphia, PA 19107, reachable at 215.419.7675. The 'National Headquarters' is listed at 900 Seventh Street, NW, Suite 600, Washington, D.C. 20001, with a separate main number of 202.496.3370. Inquiries may also be directed via the contact email [email protected].
- Philadelphia, PA — 1100 Ludlow Street, Suite 402, Philadelphia, PA 19107 — 215.419.7675
- Washington, D.C. (National Headquarters) — 900 Seventh Street, NW, Suite 600, Washington, D.C. 20001 — 202.496.3370
- Contact email: [email protected]
- Website: natrealestatedevelopment.com
- LinkedIn: linkedin.com/company/natdevelopment