The original company, Demmon-Hunter, was founded in 1960 by Derk Hunter, a real estate broker with Cornish & Carey, and Roy Demmon. The company evolved to Hunter Properties, Inc. and is well-known throughout the region as one of the firms that helped define and improve Silicon Valley and made a significant contribution in the history of commercial real estate development in Santa Clara County. The company initially established its reputation by completing build to suit developments for Control Data, IBM and Digital Equipment. These and other projects within the Stanford Industrial Park were met with the initiation of the first high-rise developments outside of downtown San Francisco. 1625 The Alameda, 675 N. First Street and 2nd & Santa Clara Street are still landmarks on the San Jose skyline.
Hunter Properties developed its first retail shopping center in conjunction with The Villages Community in 1980 and joined forces with Storm Land Company in 1986. Since then, the two principals, Deke Hunter and Edward Storm, developed more than 35 retail centers, including Old Town Los Gatos, McCarthy Ranch, Hamilton Plaza and Powell Street Plaza. The company’s retail experience is a positive influence on other commercial development activities.
Over the last 15 years, Hunter Properties, through the development arm Hunter Storm, LLC, has leveraged its multiple product-type development experience with its entitlement expertise to successfully complete several major real estate projects. More recently, the firm has focused on transit-oriented development (TOD) and mixed-use development. This came to fruition in both Redwood City and Santa Clara through the development of RWC Technology Station and University Station, respectively. Also, Civic Park Cupertino, a mixed-use project combining office, retail, and 132 homes oriented toward a public park that connects to the new City Library, was completed in 2007. In addition to these community-enhancing TOD projects, Hunter Storm tenant-oriented, build-to-suit developments/acquisitions include buildings for Kaiser Health (2), Old Republic Title Headquarters (2), DPR Construction, Inc., BAE Systems, ABB Ltd, Brocade Communications Systems, Inc.
Due to strong tenant relationships, Hunter Properties is able to work efficiently on leasing new developments and the re-merchandising of existing properties. The active portfolio enjoys unmatched performance, rarely dropping below an average occupancy of 98%. The family orientation of the company coupled with the skill sets necessary to manage large complex transactions allow the firm to consistently participate in some of the most significant developments in the Bay Area.