Recent News

MINNEAPOLIS (June 11, 2015) – United Properties’ President and CEO Frank Dutke has announced plans to retire in June 2016, which will end a 23-year-long tenure with the company.

DENVER (June 8, 2015) – United Properties, a developer and investor with offices in Denver, has signed a lease with Rise Broadband, the nation’s largest fixed wireless broadband provider, for Rise Broadband’s new headquarters location at 61 Inverness. The 13,500-sq.-ft. lease will commence July 1.

MINNEAPOLIS (April 13, 2015) – United Properties announces that it has signed a lease with Allina Health for a new medical office building that will house its Lakeville clinic. With the land near the intersection of I-35 and County Road 70 in Lakeville acquired in January, construction recently began and was kicked off with a formal groundbreaking on April 10. At 12,500 sq. ft., the new clinic will replace the existing Allina Health Lakeville Clinic at 17599 Kenwood Trail.

MINNEAPOLIS (April 6, 2015) – United Properties announces that Nilfisk, one of the world’s leading manufacturers of professional cleaning equipment, has signed a lease for the remaining building at Northcross Business Park, bringing the development to 100 percent occupancy.

DENVER (March 3, 2015) – United Properties, a developer and investor with offices in Denver, has signed a lease for 88,575 sq. ft. with Priority Wire & Cable, Inc. at its fifth building at Enterprise Business Center (EBC) in Stapleton. The fifth building is the second phase of EBC, located near the southwest corner of Interstate 70 and Havana Street in Denver. Construction of the 467,000-sq.-ft. bulk cross-dock building will be complete by the end of April.

MINNEAPOLIS (March 2, 2015) – United Properties announces that it signed a lease with Bunzl Distribution at its Red Rock Industrial Building in Maple Grove. A North American nonperishable goods supply chain specialist, the company will take 155,000 sq. ft. of 320,000-sq.-ft. industrial building and move in when construction is complete in June 2015.

MINNEAPOLIS (Feb. 4, 2015) – United Properties announces that it has added four new positions to the company, created to support accounting and asset management for investment and development. To fill these new positions, Chris Wold has been promoted to senior investment analyst, and Peter Ulstad has been promoted to assistant controller.

MINNEAPOLIS (Jan. 15, 2015) – United Properties has promoted Eva Stevens, executive vice president of asset management, to executive vice president and chief operating officer, effective immediately. In her new role, Stevens, a 14-year veteran of the firm, will oversee all aspects of accounting, operations and administration of the company, financial and capital planning and asset management.

MINNEAPOLIS (Dec. 12, 2014) – United Properties, in a joint venture with Capital Real Estate, Inc., has acquired the first two floors of 655 Nicollet Mall in downtown Minneapolis, the building currently occupied by Saks, and signed a lease with Walgreens to anchor the project.