TriStar Properties, was founded by Rodney Thomas and Michael Towerman in 1996 to develop industrial real estate. Rod’s primary business before 1996 was residential construction and diversified real estate development with an emphasis on land development. Prior to co-founding TriStar, Michael was a developer with a prominent shopping center development company, and before that he was a real estate attorney.
Since its inception in 1996, TriStar and its principals, operating through affiliated partnerships, have developed numerous large business parks with total acreage of over 30,000 acres, as well as purchased and resold over 2,900 acres of residential land. During this time, TriStar has purchased or developed over 1,500,000 square feet of office buildings, built or sold land for the development of over 1,200,000 square feet of retail space, and developed or sold land for the construction of over 10,000,000 square feet of warehouses and distribution centers.
TriStar’s current projects include virtually all real estate asset classes and most regions of the United States.