Boeing Realty Corporation
Long Beach, CA
Boeing Realty Corp. oversees all aspects of real estate strategies, acquisitions and dispositions, development, and leasing worldwide for The Boeing Co. Formed nearly 30 years ago by McDonnell Douglas to dispose of surplus real estate and act as the company’s real estate developer, Boeing Realty’s current portfolio comprises approximately 120 million square feet with an asset value of $9 billion. To-date, the company has developed more than 7 million square feet of commercial space; brought more than 1,000 acres of mixed-use development to the market in the past five years; and completed 50 major development projects throughout the United States. Its current projects include 1,000 acres of land in various stages of development, with a fully built-out market value of about $1.5 billion.
[Editors’ Note: With a long history of transitioning surplus real estate in ways that create new value for employees, communities, and shareholders, Boeing Realty Corp. has embarked on an even softer-sell partnership with neighborhoods and cities. Noting that good corporate citizenship is a key component of the parent company’s structure, the real estate arm works hard to implement a strategically focused asset utilization plan with each of its projects – and encourages neighbors to express their project concerns in early stages.]