Nellis Corporation

Nellis Corporation

Nellis Corporation was established in 1983 by brothers Randall and Mark Levitt in Potomac, Maryland, carrying forward a family enterprise that traces back to their grandfather, Ellis I. Levitt, who started the predecessor management company on June 1, 1947. Today the firm functions as a private investment company and is run by President Pete Federowicz alongside General Counsel Michael Glazer, CFO Leib Davids, and a 20-person team. The firm acquires, develops, and manages commercial real estate, concentrating on single-tenant and multi-tenanted retail, office, and industrial properties. Its footprint spans the greater Washington, D.C. metro area outward to Manassas, Virginia, and San Diego, California. Confirmed portfolio assets include Odenton Shopping Center in Maryland, Jennifer Square Shopping Center in Annapolis, Vienna Plaza Shopping Center in Virginia, and the SkyLine West mixed-use site in San Diego. Beyond direct ownership, Nellis deploys capital as a senior or mezzanine lender and enters joint ventures for commercial transactions. Nellis Corporation holds a meaningful stake in Capital Bancorp, Inc., a publicly traded community bank (NASDAQ: CBNK). Randall Levitt serves as a director of the bank, binding the real estate firm to a regulated financial institution. The organization lists 20 professionals on its website, covering acquisitions, property management, leasing, legal, and accounting functions. Randall Levitt co-chairs the Washington, D.C. metropolitan real estate division of the American Israel Public Affairs Committee, and Mark Levitt is a past president of The Jewish Federation of Greater Washington. The firm combines a hands-on operating company structure — with in-house construction, leasing, and property-management staff — with the patient, permanent capital of a family office. This hybrid design allows Nellis to move opportunistically without fund-life pressures, though it does not disclose total assets or committed capital.