Recent News

MINNEAPOLIS (Dec. 17, 2015) – United Properties announces that it has acquired a 300,000-sq.-ft. bulk industrial building at 1080 Park Place in Shakopee, Minnesota. The building is currently occupied by Silgan Containers. The commercial real estate investor and developer cites the location in the competitive Shakopee submarket and the building’s value-add opportunities as the primary reason for acquiring the building. The closing occurred on Dec. 11.

MINNEAPOLIS (Nov. 12, 2015) – United Properties is breaking ground this week on Kenwood Village, its mixed-use development in Duluth. Located at the southwest corner of Kenwood Avenue and Arrowhead Road, the site will include approximately 14,000 sq. ft. of retail space and 83 market-rate apartments ranging in size from studio to three-bedrooms. Construction is scheduled to be complete in fall 2016.

MINNEAPOLIS (Nov. 9, 2015) – United Properties announced today it has hired Dave Young as development project manager. Young will assist in executing senior housing projects for the company for its Applewood Pointe senior cooperatives, and Cherrywood Pointe senior communities offering independent living, assisted living and memory care.

MINNEAPOLIS (Sept. 22, 2015) – United Properties recently broke ground on a second building at Blaine Preserve Business Park and signed a lease with Arrowhead Electrical Products, Inc.; the company will lease 30,000 of the 100,000 sq. ft. in the new office/warehouse building.

MINNEAPOLIS (Sept. 9, 2015) – United Properties announces that it has signed a lease with HD Supply for its 31,000-sq.-ft. industrial building in Mendota Heights. One of the largest industrial distributors in North America, HD Supply will move into the single-story office warehouse building in late 2015.

DENVER (Sept. 8, 2015) – United Properties, a Denver developer and investor, has named Mike Dailey as senior vice president of development. Dailey will focus on senior housing and retail development on behalf of the commercial real estate firm.

DENVER (Aug. 10, 2015) – United Properties, a developer and investor with offices in Denver and Minneapolis, announces it has signed a lease with Beverage Distributors Company, LLC, Inc. for 500,000 sq. ft. and closed on the purchase of 45 acres of additional land from Forest City Stapleton at Enterprise Business Center (EBC) in Stapleton.

DENVER (July 22, 2015) – Newmark Grubb Knight Frank (NGKF), United Properties and Principal Real Estate Investors announce INOVA Dry Creek, the Southeast Suburban (SES) submarket’s new 695,000-square-foot mixed-use office and residential campus, a revitalization of Dry Creek Corporate Center.

MINNEAPOLIS (July 20, 2015) – United Properties, along with its joint venture partner Capital Real Estate, Inc., announces a lease with North Memorial Health Care for a clinic on the second floor of 655 Nicollet Mall in downtown Minneapolis. Previously occupied by Saks, the skyway-level space will become the sixteenth North Memorial Health Care primary care clinic location in the metro.