AUTHORED BY COLE STERR

We’re proud of our UP employees; they’re movers and shakers in the commercial real estate industry, and their expertise extends well beyond the walls of our offices.

Let’s take a closer look at how some of our UP employees are helping to shape the industry through their commitments to real estate organizations at both the national and local levels.

UP is certainly well represented at NAIOP, the Commercial Real Estate Development Association. Richard Student, our executive vice president of asset management & finance, has just begun serving a three-year appointment to NAIOP’s corporate board. Senior Vice President Brandon Champeau serves as the 2019 NAIOP Minnesota chapter president. And real estate associate Connor McCarthy, currently the vice chair of Minnesota’s Developing Leaders, will serve as the chair in 2020.

The Urban Land Institute (ULI) is also well represented by UP. President Bill Katter is on the Industrial and Office Park Development Council (IOPC) for ULI Americas. Additionally, Mark Nelson, executive vice president of residential development, is on the ULI Housing Council for the Twin Cities region.

But it doesn’t end there – other UP employees are also involved in a number of different real estate organizations. Development Project Manager Carrie Eggleston is the president-elect for Minnesota Commercial Real Estate Women (MNCREW) for 2019. Controller Peter Ulstad is on the board of directors for NAREC, an organization for real estate finance professionals.

And in Denver, team members are also actively involved in the bustling Colorado real estate market. Development Manager Courtney Schneider is the Events & Advancement Committee Chair for CU Real Estate Center International Advisory Board. She is also actively involved on the organization’s Alumni Board and previously served as co-chair of the Board from 2015-2017. Schneider also participated on the Developing Leaders and Mentor Program Committees for NAIOP Colorado.

Development Manager Megan Turner is also an NAIOP Colorado member of the Developing Leaders Committee and participated as a Mentee in the 2017 Developing Leaders Mentor Program. Turner is involved in the Developing Leaders National Forum Program, where she learns from and networks with senior industry professionals and peers that represent a variety of commercial real estate disciplines at the national level. Additionally, she has been serving as the Membership Committee Co-Chair for the CU Real Estate Center Alumni Board since 2015. Finally, she has been a University of Colorado Leeds GOLD Board Member since 2017.

UP participation doesn’t end here but the point is, clearly, our UP team is creating their very own deep roots both nationally and in our communities of Minneapolis and Denver. When our team creates deep roots, we do more than just develop and own brick and mortar buildings, we also share our time and talents with these organizations to better serve the real estate industry and in turn, our communities.

Student to represent NAIOP MN at the national level

MINNEAPOLIS, (February 5, 2019)  – United Properties announced today that Richard Student, executive vice president, asset management/finance, has been elected to serve on the NAIOP Corporate Board of Directors for three years, effective Jan. 1, 2019.

Student, a 23-year veteran of United Properties, is the lead for all of United Properties’ financing and lender relationships. In addition, as the company’s most senior asset manager, he is responsible for many of the large assets in United Properties’ owned real estate portfolio. Within asset management, he provides supervision and direction to property managers and leasing agents and is responsible for lease underwriting, lease negotiation and lease execution, as well as the management of property capital investment.

NAIOP, the Commercial Real Estate Development Association, has more than 19,000 members and 51 chapters. Across North America and within local chapters, NAIOP provides advocacy, education and business opportunities to its members.

Student served on the board of directors for the Minnesota chapter of NAIOP for the past three years; prior to that, he served as treasurer for two years. As a member of the NAIOP Corporate Board, he will have the opportunity to represent NAIOP Minnesota, sharing information and ideas between the local chapter and the overall organization.

“I am honored to be a voice for our local commercial real estate community on the NAIOP Corporate Board,” said Student. “My work with NAIOP reflects United Properties’ commitment to strengthening communities at both locally and across North America.”

Prior to United Properties, Student held financing positions at Allstate Life Insurance Company, the Balcor Company and The Griffin Companies. A certified public accountant, he holds a bachelor’s degree in business administration from Washington University and a master’s degree in business administration from the University of Wisconsin.

AUTHORED BY COLE STERR

The aging process is a time of new discovery. Despite the limitations aging may inflict upon us, we have more opportunities to experience the joys of life for a more fulfilled and unburdened lifestyle. At United Properties, we embrace those joys of aging through exceptional care and programming at our Cherrywood Pointe (CWP) memory care and assisted living communities.

Every month at the Cherrywood Pointe operations meetings, heartfelt stories of the residents and their experiences with the senior living community are shared. Last month, we received a special mission moment from John who was touched by the care for his mother from the Cherrywood Pointe staff in Plymouth, MN.

John’s CWP Experience
John noticed that the Cherrywood Pointe staff strived to help his mother embrace the joy of aging. “Her health was failing by the day, but they did absolutely everything that they could to lift her up…to help her enjoy every day, despite the challenging situation.” He also explains that the whole CWP staff – including nurses, administrators, building maintenance, chefs and assistants – knew his mom, not just her immediate care team.

The Cherrywood Pointe staff also ensured his mother, as well as John himself, became part of the Cherrywood Pointe family. From Easter celebrations in common rooms to small family gatherings, the Cherrywood Pointe staff made sure that John and his family were always taken care of.

“The Cherrywood Pointe team appreciated my mom for who she was … They saw a strong, successful and beautifully humble human being,” explains John. He also goes on to say that Cherrywood Pointe became an extension of his mother’s family and for that, he is “forever grateful.”

Ray Oborn, president of Cherrywood Pointe Investments, emphasizes the importance of this mission moment. “It’s a powerful reminder that in this business, our buildings become the residents’ home and the Cherrywood Pointe team members part of the residents’ family,” says Oborn.

Here at United Properties and Cherrywood Pointe, we put our residents at the forefront of our mission, and we’re happy to do that. We’re even happier when we know that our care and mission execution has strengthened a family – and a community.

And we’ll continue doing just that with all our senior living communities so that the joy of aging can be embraced.

To learn more about Cherrywood Pointe, visit cherrywoodpointe.com

We are proud to be ranked No. 1 in the 2018 Top Real Estate Developer list published this week by Minneapolis St. Paul Business Journal, marking the fifth consecutive year that United Properties has topped the list. Co-presidents Bill Katter and Matt Van Slooten, were both humbled and proud by the recognition around our ongoing list status.

“It’s an exciting and busy time for United Properties. Securing the top-ranking position for five straight years is a direct testament to our amazing team who work hard every day to create deep roots in the Twin Cities community,” said Bill Katter, president and chief investment officer, United Properties Development.

“In my short tenure here, I’m already seeing how our unique, collaborative approach makes United Properties the leader in this market,” said Matt Van Slooten, president and chief investment officer, United Properties Investment.

This accomplishment would not have been possible without the support of United Properties’ owner The Pohlad Companies, as well as the incredible efforts from the United Properties Minneapolis and Denver employees.

United Properties looks forward to creating more deep roots within the Twin Cities communities in 2019.

The holiday season is right around the corner, and here at United Properties, we’re strengthening our communities through some holiday giving efforts.

As the holidays approach, our United Properties “elves” are busy finding ways to spread holiday cheer – loud and clear for all to hear!

In both the Twin Cities and in Denver, the focus is on giving back to our communities.

Buy a Pair, Give a Pair

United Properties chose to purchase and send Bombas socks for its 2018 effort. The popular, trendy socks from Bombas include a “buy a pair, give a pair” philanthropic component. Bombas started when the founders learned that socks are the most requested clothing item at homeless shelters.

Working with the Pohlad Family Foundation, with its focus on helping to end homelessness, the company identified and chose St. Stephens Homeless Shelter in Minneapolis, an organization the Foundation supports. And in Denver, we chose Volunteers of America Colorado Chapter, a local organization that the team has supported for several years.

More Holiday Efforts

But the efforts don’t end there. In both offices, employees are also pitching in to provide more holiday cheer for those in need. For several years, the Denver team has adopted a family through Volunteers of America. This year, the team will be gifting a single mom and her four children. The team is also buying for a group of young men currently in transitional shelter housing, knowing that older teens and young, single men are often overlooked when it comes to holiday donations.

Minneapolis employees are also pooling their own funds toward the purchase of “comfort baskets”, for elderly residents at Ebenezer’s Loren on Park, an assisted living facility in Minneapolis. Many of these residents have little or no family support so these donations go a long way in bringing smiles to the faces of these vulnerable seniors.

We are proud to support our neighboring communities that contribute and enrich the places we call home.

From all of us at United Properties, we wish you all a safe and happy holiday season.

AUTHORED BY COLE STERR

The historic Kickernick building in the Minneapolis Warehouse District has gone through quite the renovation. This past May, an extensive lobby renovation plan that would enhance the historic charm of the 150,000-sq.-ft. building, “kicked” into full swing.

Now, six months later, the renovation is complete, and voila! Our tenants are ready to start kickin’ it back at Kickernick with a new interior!

Out With the New and In With the Old

Built in 1896, the seven-story building was originally a factory and warehouse, which was later occupied by a lingerie company called Kickernick – hence, why the building is now called Kickernick.

Throughout its six-month renovation, it was a goal to imagine possibilities of restoring the building’s history by exposing more of its existing brick and timber construction. Additionally, with the elimination of the added dropped ceilings and drywall, the building’s original 19^th-century materials were exposed.

Other Renovations

The new lobby took on the open concept with collaboration stations and a more eminent entryway off First Avenue. New elevators, bathrooms, bike storage and showers have also been added onto the first floor.

The renovation also included a full demolition of a multi-tenant floor into a refurbished single tenant floor plate. Other floors in the building received new bathrooms and upgraded corridors.

At United Properties, we strive to imagine possibilities through renovations. With the Kickernick building, we reinforced its historic character to implement unique office spaces for a charming and visually appealing interior.

We will continue to envision such possibilities so that our communities, clients and tenants can have welcoming and enjoyable working spaces.

Last month, Prime Landing welcomed its first employees from Prime Therapeutics, as Phase 1 of the company’s new campus was complete. This significant milestone in a fast track project means 900 employees of the prominent pharmacy benefit management company can now call Prime Landing home.

As the lead developer, United Properties worked closely with Prime to create a vision for a facility that will eventually consolidate four of Prime’s current office locations in Minnesota, housing their IT and operations teams.

Once completed, the entire facility will span nearly 400,000 sq. ft., offering state-of-the-art office spaces for employees of the growing company.

The Right Location

From the beginning, finding the right location for Prime to consolidate their Twin Cities operations was key. The location at Interstate 494 and Dodd Road in Eagan offered exactly what Prime was looking for.

The 47-acre site overlooking scenic Lake Shanahan offers an exceptional location for Prime’s new corporate campus. In addition to its natural beauty, the site is adjacent to the Vikings Lakes development and offers access to a wide variety of restaurants, entertainment and other amenities.

A State-of-the-Art Facility

Prime Landing is a great example of United Properties’ ability to work on large, complex projects with a discerning client like Prime Therapeutics, and we are proud to support them as they consolidate four separate locations into this new, state-of-the-art facility at Prime Landing.

Representing one of the largest office projects built in the Twin Cities this year, Prime Landing features a flexible, light-filled office environment with numerous conference rooms and meeting space options to promote internal mobility and collaboration. It also includes a meeting center featuring a 300+ seat auditorium for employee meetings; a fully-equipped fitness center and outdoor walking paths with views of Lake Shanahan; and a full-service cafeteria offering healthy, artisan food, a Caribou Coffee and visiting chain food options, along with an expansive dining area and deck overlooking Lake Shanahan.

Delivering on – and ahead! – of schedule

Phase 1 of the project – 225,000 square feet – was completed on schedule. Phase 2 is underway and on track with occupancy set to begin in spring 2019 – a full five months ahead of schedule. The third and final phase of the project will be completed in early 2020.

The Prime Landing project is one of many examples of how we transform imagined possibilities into reality. At United Properties, we execute possibilities into exciting, innovative and impactful results for properties that will leave a lasting footprint in our communities.

Learn more about Prime Landing on its project profile page.

Phase I complete; Phase II on track to open spring 2019

MINNEAPOLIS, (December 4, 2018)  – United Properties announced today that Phase 1 of the Prime Therapeutics’ LLC (Prime) new IT and operations campus, located at Interstate 494 and Dodd Road in Eagan, is now complete; Phase 2 is underway and on track with occupancy set to begin spring 2019. The 47-acre site overlooking Lake Shanahan is home to the new facility known as Prime Landing which will consolidate four of Prime’s current office locations in Minnesota. Prime is a pharmacy benefit manager serving 22 Blue Cross Blue Shield plans nationally.

“We are proud to partner with Prime Therapeutics on Prime Landing and pleased that approximately 900 employees have already found a new home in the Phase 1 portion of the project,” said Gordy Stofer, vice president, development, United Properties. Phase 2 occupancy is set to begin in the spring of 2019 – a full five months ahead of schedule.

Once completed, the entire facility will span nearly 400,000 sq. ft., offering state-of-the-art office spaces for employees of the growing pharmacy benefit management company.

Representing one of the largest office projects built in the Twin Cities this year, Prime Landing features a flexible, light-filled office environment with numerous conference rooms and meeting space options to promote internal mobility and collaboration. It also includes a meeting center featuring a 300+ seat auditorium for employee meetings; a fully-equipped fitness center and outdoor walking paths with views of Lake Shanahan; and a full-service cafeteria offering healthy, artisan food, a Caribou Coffee and visiting chain food options, with an expansive dining area and deck overlooking Lake Shanahan.

“The Prime development is part of the exciting and explosive growth happening in this area of Eagan,” Stofer noted. “This is a great example of United Properties’ ability to work on large, complex projects with a discerning client like Prime Therapeutics, and we are proud to support them as they consolidate four separate locations into this new, state-of-the-art facility at Prime Landing.” The final phase of the project will be completed in early 2020.

The project team includes:

• United Properties, lead developer
• HGA, architect and engineer
• R.J. Ryan Construction, general contractor – core and shell construction
• Greiner Construction, general contractor – tenant build out construction, and
• CBRE – investment sale brokers

MINNEAPOLIS, (November 27, 2018)  – United Properties has promoted Chief Financial Officer Eric Skalland to chief financial and administration officer, and Janelle Hielscher has joined the firm as the new vice president of accounting, it was announced today.

“Eric’s promotion recognizes his many talents and contributions to United Properties over the years,” said Bill Katter, president of United Properties Development. “Eric has consistently excelled at every assignment since he joined United Properties, and we are pleased that he will add these significant responsibilities to his leadership role. He is a trusted advisor with a deep understanding of both the investment and development businesses.”

Skalland will assume responsibility for managing the internal shared services teams that support both the development and investment groups of United Properties, including human resources, operations and administration, accounting, IT and risk management. In this role he will report to Bert Colianni, chief executive officer, Marquette Companies.

Skalland began his career with United Properties in 2007 as assistant controller, advancing to controller, chief accounting officer and most recently, chief financial officer. Prior to joining United Properties, he served as a senior financial analyst at CBS Radio, Inc., and as a senior associate with accounting firm Grant Thornton. Skalland holds a Bachelor of Science degree in accounting from the University of Minnesota – Carlson School of Management and is a Certified Public Accountant (CPA). He lives Maple Grove with his wife and daughter.

Janelle Hielscher named VP, accounting
Janelle Hielscher has joined United Properties as its new vice president of accounting, reporting to Skalland.

Hielscher began her career at RSM, spending nine years in the assurance services group. After leaving RSM, she spent a year as the director of corporate accounting at Walser Holding Company and most recently served for two years as the vice president of accounting at Sherman Associates. In her new role for United Properties, she will oversee accounting functions for the firm, and report to Skalland.

“Janelle brings a strong background in accounting and leadership,” said Skalland. “We are excited to have her join the United Properties team.”

Hielscher holds a Bachelor of Science degree in accounting from Winona State University and is also a CPA. She lives in Maple Grove with her husband and two dogs.

MINNEAPOLIS, (November 14, 2018)  – Matt Van Slooten joins United Properties today as co-president and chief investment officer of United Properties Investment LLC (UPI). Van Slooten will replace Eva Stevens, who will work with Van Slooten to ensure a smooth transition before she retires in December.

Most recently, Van Slooten served as president of commercial properties for CSM Corporation. Prior to that, he spent 25 years with Carlson Real Estate Company, advancing to the role of president, a post he held for thirteen years.

As co-president, Van Slooten will share responsibility for United Properties with co-president Bill Katter, who also serves as president and chief investment officer of United Properties Development (UPD), for leading and guiding the combined United Properties organization into the future. As chief investment officer for UPI, Van Slooten will be responsible for all aspects of portfolio and asset management of the company’s stable portfolio which represents more than 7 million sq. ft. across several markets, including Minnesota, Colorado, Wisconsin and Florida.

“Following a thorough national search, we are delighted that Matt will join United Properties in this critically important role,” said Bert Colianni, chief executive officer of Marquette Companies, LLC, a Pohlad holding company that owns UPI. “Matt brings many years of outstanding commercial real estate investment experience to United Properties, and we are confident he has the complementary skills and vision to partner with Bill to chart United Properties’ course into the future.”

“I am delighted to welcome Matt to United Properties and look forward to working closely with him and the entire United Properties team on our many exciting projects in the days, months and years ahead,” said Katter.