Charter Realty Logo Compass Rose
Charter Realty Founders: Dan Zelson and Paul S. Brandes


Charter Realty is a full-service commercial real estate development and brokerage company founded in 1993 by Paul Brandes and Daniel Zelson specializing in retail property, mixed-use properties and leasing strategies. Charter’s vertically integrated platform identifies value-creation and growth opportunities for all real estate product types.

Backed by strong investor and lender relationships, Charter Realty owns or operates more than 80 shopping centers throughout the United States. Charter’s third party leasing arm currently acts as the exclusive leasing agent for more than 11 million square feet of property. Charter represents numerous national tenants, including Alamo Drafthouse, The Container Store, TJMaxx, HomeGoods, Williams Sonoma, West Elm, 24 Hour Fitness, and Yardbird.


shopping centers owned or operated


square feet of retail properties acquired, developed, or redeveloped

$1 billion+



Charter has created a division focused on mixed-use (retail & residential) as well as high tech campuses in college communities across the United States. Projects are underway or completed at Cornell, UConn, Mississippi State, Yale, University of New Haven and others.

College & Crown Charter Realty
College & Crown
Donutcrazy Newhaven Charter Realty


Via its real estate platform, Charter's private equity investment strategy identifies exceptional early-stage businesses and actively participates in their long-term success. Charter's resources aid in securing capital, while its professional network helps to "open doors" that initiate growth.


Charter Realty consists of a highly skilled and experienced team of Real Estate professionals.


We believe in identifying and building long-term value through our relationships and creativity. See how the Charter team has implemented diverse redevelopment strategies targeting retail and mixed-use properties and created success for our clients and retailers.

West Hartford’s Blue Back Square Sold

West Hartford’s Blue Back Square sold | Hartford Business Journal Blue Back Square, West Hartford’s posh mixed-use development, has been sold to a new ownership group. Greenwich-based Charter Realty & Development Corp., which also manages Evergreen’s Walk in South Windsor, said Friday it has teamed with Miami-based Rialto Capital Management to purchase the 450,000-square-foot office,…
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Blue Back Square in West Hartford sold to company that manages Evergreen Walk

Blue Back Square in West Hartford sold to company that manages Evergreen Walk – Hartford Courant WEST HARTFORD — Blue Back Square, the landmark dining and entertainment complex in the heart of West Hartford, was sold Friday to a Florida-based investment management company and the company that runs South Windsor’s Evergreen Walk. Rialto Capital Management…
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Blue Back Square in West Hartford sold to joint venture that includes CRDC – New Haven Register

Blue Back Square in West Hartford sold to joint venture that includes Greenwich-based firm (nhregister.com) Blue Back Square, the West Hartford-based mixed-use complex, has been acquired by a joint venture that includes the Greenwich-based company that owns the Evergreen Walk lifestyle center in South Windsor. The new owners, Charter Realty & Development and Miami-based Rialto…
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Acquisitions & Development

Charter seeks to take advantage of opportunities that exist in the current real estate marketplace by pursuing strategies that lead to long-term stability, growth, and profitability. These strategies include the following:

  • Owning and operating a high quality portfolio of shopping centers in select and diverse markets, each with strong economic and demographic characteristics, in order to maintain a portfolio of real estate assets with stable income and the potential for long-term growth.
  • Identifying value-add properties with the potential to enhance "frequency-of-visit" characteristics through application of mixed-use leasing strategies.
  • Adaptive re-use or redevelopment of out of favor asset types and obsolete properties to maximize intrinsic infrastructure and location value.
  • Unlocking long-term value through operational savvy and active property level ownership; direct involvement with tenant business planning coinciding with ownership value creation strategy.
  • Locating new development and re-development projects which incorporate land assemblages, adaptive reuse, and/or environmentally sensitive “Brownfield” situations.
  • Developing successful governmental approval strategies associated with ground-up developments or re-developments.
  • Applying best-practice planning guidelines to enhance physical characteristics and property level consumer experience.