Recent News

MINNEAPOLIS (May 23, 2013) – United Properties will begin developing InverPoint with the construction of a 130,000-sq.-ft. speculative industrial building. InverPoint is located at Hwy. 55 and Barnes Ave. in Inver Grove Heights, Minn. Groundbreaking is scheduled for this summer.

MINNEAPOLIS (March 27, 2013) – United Properties announces that Blue Plate Restaurant Company has signed a lease at its Loose-Wiles building at 701 Washington Ave. N. in Minneapolis’ North Loop neighborhood. The 9,000-sq.-ft. restaurant will be called Loose-Wiles Freehouse and open September 2013.

MINNEAPOLIS (May 13, 2013) – United Properties announced today that it has closed on the acquisition of 505 Nicollet Mall, the former site of Neiman Marcus, in downtown Minneapolis. United Properties will work with Shea Design to formalize renovation plans for the 100,000-sq.-ft., four-story building, with the goal of creating a design consistent with the plans for the adjacent retail space. Renovation work will be complete by the end of 2013.

DENVER (March 11, 2013) – United Properties announced today that it has acquired 61 Inverness, an office building in Inverness Business Park in southeast suburban Denver. Located at 61 Inverness Drive, the 87,000-sq.-ft., three-story class B office building was 60 percent leased at the time of the March 1 closing.

MINNEAPOLIS (March 6, 2013) – United Properties announced today that it will develop two new retail locations for Caribou Coffee in Anoka and Oakdale, Minn. Both freestanding locations will be approximately 1,800 sq. ft. and include a drive-through.

MINNEAPOLIS (Feb. 7, 2013) – United Properties, along with project partner Jerry’s Enterprises, Inc., announced today that it will develop Bielenberg Gardens, a grocery-anchored shopping center in Woodbury, Minn. Located at the southwest corner of Radio Drive and Bailey Road, Bielenberg Gardens will feature 90,000 sq. ft. of retail space on a 30-acre site.

MINNEAPOLIS (Dec. 20, 2012) – United Properties announced today that Ford Center has been awarded LEED Gold certification. The LEED rating system, developed by the U.S. Green Building Council, is the foremost program for buildings, homes and communities that are designed, constructed, maintained and operated for improved environmental and human health performance.

MINNEAPOLIS (Dec. 17, 2012) – Kristi Olson was recently hired at United Properties as vice president, working with the company’s residential team, which develops Applewood Pointe senior co-op communities and Cherrywood Pointe assisted living communities. Olson has been involved in the senior housing industry for more than 25 years, with expertise in assisted living.

DENVER (Dec. 5, 2012) – United Properties, a developer and investor with offices in Denver, announced plans today for a new 710,850-sq.-ft., Class A industrial development at Stapleton: Enterprise Business Center. Strategically located near I-70 and Havana Street in Denver, construction on this three-building complex of state-of-the-art industrial space is scheduled to begin in early 2013.