Peter Spain

PRINCIPAL

Peter Spain’s career in real estate spans over 20 years. After graduating with a BS from Babson College in 1993, he returned to work full time in his family’s retailing business, Dollar Express, Inc. Peter’s primary responsibility was that of Vice President Real Estate, a position that included determining store locations, negotiating leases, sourcing and managing construction. In May of 2000, with over 120 stores in the Mid-Atlantic Region and sales of $200M annually, the company was sold to Dollar Tree, Inc. After the sale of the company, Peter has led the “Spain Group” in the purchase and/or redevelopment of commercial properties in the Philadelphia metro market. From 2003 to 2016 the Spain Group realized over $9M in gains from the sale of real estate and continues to manage over $21M in assets. While always a retailer in spirit, after meeting Pete Staz in 2012 and co-founding Core Development, Peter found a new passion for multi-family development.