Updated:
Spruce Street Partners
Spruce Street Partners traces to 1972 when the Connolly family began accumulating assets through retail and mixed-use development. J. Lawrence Connolly served...
Spruce Street Partners
Spruce Street Partners traces to 1972 when the Connolly family began accumulating assets through retail and mixed-use development. J. Lawrence Connolly served as an early leader of the operating company and later as president of the family foundation. The office maintains direct ownership of mixed-use projects including Parkview on Peachtree in Chamblee and Parkside on Dresden in Brookhaven. Capital deployment spans real estate, private equity buyouts, and direct co-investments via SPVs. Confirmed holdings include Loganville Town Center and Brookview at Citrus Park in Tampa. Geographic focus remains North America with emphasis on the Southeast. The firm also holds positions in industrial tech and supply chain businesses alongside its property portfolio. The team includes David Connolly as principal and Meghan Schmidt as CFO. Adjacent structures comprise the Connolly Family Foundation. No dated operational events from the last 24 months appear in available records. Memberships include the Council for Quality Growth, NAIOP, and ACG.
General information
Firm type
Single Family Office
Year founded
1972
Location
Region
North America
Country
United States
City
South San Francisco
Corporate office
Atlanta, GA, United States
Principals
Timothy "J.R." Connolly II
CEO of CONNOLLY and Spruce Street Partners
J. Lawrence "Larry" Connolly
Patriarch and President of the Connolly Family Foundation
David Connolly
Principal at CONNOLLY
Meghan Schmidt
Principal & CFO at CONNOLLY
Sector focus
Frequently asked questions
Who runs investment decisions at Spruce Street Partners?
Timothy "J.R." Connolly II serves as CEO. David Connolly and Meghan Schmidt hold principal and CFO roles respectively.
What asset classes does Spruce Street Partners deploy into?
The office allocates across direct real estate, private equity buyouts, and liquid portfolios. Confirmed positions include mixed-use developments and lower-middle-market operating companies.
Where does the Connolly family wealth originate?
Wealth stems from retail and mixed-use real estate development plus net-lease investments in the Southeast, begun in 1972.
Does Spruce Street Partners maintain philanthropic vehicles?
The Connolly Family Foundation Inc. operates alongside the office, with J. Lawrence Connolly listed as its president.
What investment structures does the firm use?
Activity occurs through direct property holdings, control equity positions, and SPV co-investments rather than third-party fund commitments.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: