Company History

Company History  

In 1981, Carl H. Ricker, Jr. saw a great business opportunity in the form of property found in the bustling Tunnel Road area of Asheville, North Carolina. With the purchase of that space and the subsequent construction of a Shoney’s restaurant the successful automotive and RV retailer embarked on a new chapter in his career.

That foray into real estate led to other ventures, including build-to-suit projects with the Hardees restaurant chain, as well as retail space development. All played a pivotal role in the creation of the successful commercial real estate firm now known as Azalea Management and Leasing, Inc.

Today Azalea Management boasts nearly two million square feet of property in its portfolio and is recognized as a leader among the Southeast’s most successful and diversified commercial development firms. Azalea Management & Leasing is an Asheville, North Carolina based company specializing in commercial and mixed use development and management, with properties built and managed throughout the United States.



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