The initial company, Tambone Real Estate Development Corporation (TRED), was founded by Richard P. Tambone in 1981 in Palm Beach Gardens, Florida. In the early stages, TRED specialized in build-to-suits and speculative development of office and industrial projects partnering with some of the country’s largest institutional partners on large land parcels. Quickly gaining the trust and respect of the institutional land partners, TRED became the exclusive developer on some of the most sought after parcels in South Florida, building millions of square feet for the nation’s largest companies including Sony, Motorola, Wartsila, Perrier and Wackenhut Corporation.
In the mid-1990s Tambone Investment Group, through its affiliate Santa Teresa Limited Partnership, purchased 20 acres of land on the New Mexico and Mexico border with the foresight of the economic development to come as a result of the maquiladora program that would substantially increase the trade activity crossing the border. The 20 acres was quickly increased to 875 acres and the company then built over 3,000,000 square feet of industrial facilities, purchased competing assets in the area, and permitted the additional lands.
In the late 1990s Richard and Lori Tambone made the decision to relocate their family back to New England where both were raised and where both their families still reside. As part of this relocation, they expanded their operations to include the northeast and the portfolio in New Mexico, which now included 23 buildings and entitled lands, was primed for sale to make them attractive to an institutional buyer. In 2005 the New Mexico portfolio was successfully sold.
Today, Tambone, with a reputation for being knowledgeable market operators, focuses on Florida based opportunities where it can bring institutional quality asset management and property level management to projects. Tambone’s knowledge of the interrelationships of the differing real estate disciplines enable it to execute unique real estate solutions to deliver distinct projects that achieve superior results. These disciplines include investment, development, design, entitlement, finance, construction, marketing, sales, leasing, and operations.
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