Minneapolis (MAY 31, 2017) –Mid-America Real Estate – Minnesota, LLC has been named as the retail marketing and leasing firm for the Macy’s redevelopment project on the Nicollet Mall in downtown Minneapolis.

Mid-America’s Senior Vice President of Leasing, Tricia Pitchford and Vice President of Leasing, Jesseka Doherty will be the lead leasing team for the retail component of this project.  They will collaborate with 601w Companies and United Properties, the project developers, and Telos, the project’s office leasing partner, for redevelopment of the landmark property.

The iconic Macy’s building (formerly Dayton’s) is located in the heart of downtown Minneapolis’ CBD on the corner of South 7^th Street and Nicollet Mall. The retail component will likely incorporate creative reuses of the lower, street and skyway levels, tying them together visually and structurally. Prospective uses include; entertainment, food hall, restaurants and traditional retailers, a number of which are expected to be new to the market.

“It is an extremely exciting opportunity for all of us at Mid-America to be working with 601w and United Properties on this high profile and iconic repositioning in downtown Minneapolis. We are very proud of the work our team has put forth thus far and we’re looking forward to the next steps with all team members of the project. We are honored to be a part of what’s sure to be history in the making,” said Doug Sailor, Principal/Managing Director of Mid-America Real Estate – MN, LLC.

“The addition of Mid-America to the Macy’s building transaction team is another strong step forward in imagining new possibilities for this most important downtown property,” said Bill Katter, president and chief investment officer of United Properties. “The retail expertise that Mid-America brings to the project adds momentum to a group already buzzing with plans and ideas to drive the redevelopment of this iconic landmark into its next purpose as a transformative downtown destination.”

In addition, other partners selected for the project are: The Telos Group, providing redevelopment consulting and office marketing and leasing services, Gensler & Associates as the lead architect and Transwestern as the management agent.

Mid-America Real Estate – Minnesota, LLC is a member of Mid-America Real Estate Group and a ChainLinks affiliate. The company is the Midwest’s leading full-service retail real estate organization with offices in Minneapolis, Oakbrook Terrace, Chicago, Milwaukee and Detroit.  For more information, call (952)563-6600 or visit www.midamericagrp.com.

The principals of 601w oversee one of America’s leading private real estate acquisition, ownership, development and management portfolios in the county. Over the past 15 years, 601w has acquired a number of substantial and well-known commercial properties throughout the county, aggregating 45 million square feet, with a collective value in excess of $7.5 billion. In relation to these deals, 601w has raised more than $2 billion in equity, mostly from longstanding investors, and has consummated transactions involving 40 major office buildings, including 11 in Manhattan and 6 in Chicago. For more information visit www.601wcompanies.com

PRESS CONTACTS

Suzanne Jones    Marketing Director
Mid-America Real Estate – Minnesota, LLC
skjones@midamericagrp.com
(952) 563-6634

Sheila Thelemann
Director of Marketing
United Properties
Sheila.thelemann@uproperties.com
(952) 837-8654

CBRE and United Properties announce first tenant, Swisslog, at Interpark

228,000-square-foot Interpark shaking up the traditional industrial park with pedestrian friendly, amenity-driven environment

DENVER (April 19, 2017) – CBRE Group, Inc., and United Properties announced today that healthcare automation company Swisslog is the first tenant to join United Properties’ Interpark development in northwest Denver.

Interpark is a new mixed-use development in the heart of Broomfield. Scheduled to deliver in late 2018, Interpark will be comprised of two industrial/flex buildings totaling 228,000 square feet and seven acres of walkable commercial service and retail amenities. Located just off US-36 in Broomfield, the project is United Properties’ first development in the northwest corridor. With amenities including walking/biking paths and retail, Interpark offers a fresh take on the traditional industrial park, according to Kevin Kelley, senior vice president and regional director for United Properties in Colorado.

“Investing in retail, green space and other tenant amenities may be unusual for a flex/industrial project, but we wanted to create a unique setting at Interpark that would attract quality companies like Swisslog Healthcare,” Kelley said. “In Denver’s tight labor market, employees can afford to have high standards for their workplaces, and when a company chooses to locate in a place like Interpark, it creates a distinct competitive advantage.”

“Interpark is the latest example of how United Properties has been a visionary leader in the Denver commercial real estate market. The flex/industrial project is shaking up the traditional industrial park setting by combining new construction, open floor plans and retail offerings in a pedestrian friendly environment—and all strategically located on US-36 midway between two of the nation’s top labor pools in Boulder and Denver,” said Jeremy Kroner, vice president with CBRE Advisory & Transaction Services. Kroner is leasing the Interpark space along with CBRE’s Frank Kelley and Erik Abrahamson.

Swisslog CEO Stephan Sonderegger agreed, noting “Our new headquarters location in the corridor between the universities in Denver and those in Boulder is the right solution for attracting and retaining the technical talent we need to drive our vision for enabling better patient care. The Automation Academy and Technology Showroom onsite will allow us to train both customers and employees and demonstrate our fully integrated supply chain management and medication management solutions.”

Interpark’s two buildings will be flanked on the south side by retail at the intersection of 112th Avenue and Main Street in Broomfield. The east building, which United Properties will construct first, includes a total of 119,873 square feet, of which Swisslog is taking 67,779 square feet. JLL’s Jason White, Billy Byrne and Mitch Zatz represented Swisslog in the lease.

The remaining space at Interpark’s east building is available for lease and divisible down to approximately 15,000 square feet. The second building to the west will offer an additional 107,720 square feet of flex/industrial space that could house up to four users.

United Properties is designing Interpark to be pedestrian friendly with tenant amenities top of mind. Bike paths will be incorporated into the green space that borders the development, and the site will feature lit intersections along both Main Street and 112th Avenue. A seven-acre retail plaza that is walkable for the industrial tenants will be included within the Interpark master plan. A 7-Eleven convenience store has committed to open at the corner of the property in early 2018, and a national coffee chain is considering a location within the complex. Proposals from hotel users are also being considered for the site. In addition, the location is within a short distance to the 1stBank Center, the Arista residential development, the Westin Hotel and The Shops at Walnut Creek. A bridge near the north end of the property offers access to nearby ball fields and a recreational area.

Swisslog Healthcare is a leading global supplier of services and solutions for material transport, medication management and supply chain management in healthcare facilities. The company will move from its current headquarters in northeast Denver to Interpark’s east building, where operations will include a production plant and showcase for its portfolio of transport and pharmacy automation solutions for hospitals.

Interpark is United Properties’ third commercial development in the Denver area, following on the heels of its success with Enterprise Business Center, a 2 million-square-foot industrial project in Northeast Denver’s Stapleton neighborhood, and INOVA Dry Creek, a 695,000-square-foot mixed-use office and residential campus in Centennial, Colorado. Based in Minneapolis, United Properties has developed nearly 200 projects totaling more than 10 million square feet and nearly $1 billion dollars over the last 30 years.

Construction on Interpark’s first building is scheduled to start in June 2017 with delivery in the second quarter of 2018. For leasing inquiries, contact Frank Kelley at (720) 528-6344 or frank.kelley@cbre.com, Jeremy Kroner at (303) 264-1916 or jeremy.kroner@cbre.com, or Erik Abrahamson at (303) 264-1900 or erik.abrahamson@cbre.com.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue).  The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide.  CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.  Please visit our website at www.cbre.com.

About Swisslog

Swisslog designs, develops and delivers best-in-class automation for forward-thinking health systems, warehouses and distribution centers. The company offers integrated solutions from a single source – from consulting to design, implementation and lifetime customer service. Behind its success are 2,500 employees worldwide, supporting customers in more than 50 countries. www.swisslog.com

Swisslog is a member of the KUKA group, a leading global supplier of intelligent automation solutions. www.kuka.com

From our inception more than 100 years ago, supporting the communities where we live and work has always been part of our value system.

United Properties is proud to sponsor Allina Health Hospice Foundation’s Dragonfly Gala in support of hospice patients and their families in our community. Recently, Ron Bagnall, Executive Director of Allina Health Hospice Foundation, thanked United Properties and Sr. Vice President Keith Ulstad for our support.

 Kenwood Village, Duluth News Tribune

March 24, 2017

By Brooks Johnson

Officials cut the ribbon on Kenwood Village at Arrowhead Road and Kenwood Avenue on Friday afternoon, with a few dozen neighbors and others touring the freshly finished complex.*

Read More Here

Star Tribune

March 2, 2017

By Nicole Norfleet

United Properties, one of the largest developers in the Twin Cities, is taking a stake in the just-sold Macy’s complex in downtown Minneapolis and also taking the lead in redeveloping the site.

Read More Here

 Fox21 TV

March 24, 2017

By Greg Chandler

Another in a series of mixed use developments in Duluth is open for business. United Properties celebrated the opening of Kenwood Village with a ribbon cutting Friday afternoon.

Read More Here

Colorado Real Estate Journal

March 17, 2017

By Jill Jamieson-Nichols

Swisslog Healthcare Solutions is preparing to move its North American headquarters from Denver to Broomfield. The company reportedly is working with United Properties to develop an approximately 56,000-square-foot building at Interpark, located at West 112^th Avenue and Main Street.

Read More Here

Denver Business Journal

March 3, 2017

By Molly Armbrister

With record-low vacancies driving up rents, developers are eager to put up new industrial complexes. But they face soaring land and construction prices.

Read More Here

United Properties, together with its project partner Nationwide Housing, hosted a ribbon cutting ceremony and open house at Kenwood Village, Duluth’s new mixed-use development. Kenwood Village is a community of apartments and retail outlets, including Caribou Coffee, Einstein Bros. Bagels, a Duluth Teachers Credit Union branch and Crooked Pint Ale House. The ribbon cutting was attended by a small gathering, including Duluth Mayor Emily Larsen. At Open House time, approximately 26% of the apartments have been leased. Several residents have already moved into their new apartments.

In the heart of Minneapolis, roots don’t grow much deeper than those found at 700 Nicollet Mall, the location of the recently closed (and long-cherished) Macy’s department store. United Properties clearly demonstrated our commitment to creating deep roots as we announced our role for the building’s redevelopment in early March.

United Properties was selected by New York-based 601W Companies, the national developer who recently purchased the Macy’s building as its first Twin Cities acquisition. In this role, we will invest in the project, while providing locally based development and repositioning to the ownership group. Other partners involved in the repositioning of the Macy’s building include Chicago-based The Telos Group as redevelopment consultant and office marketing lead, Gensler as the lead architect, and Transwestern as management agent. Additional local partners are expected to be announced in the coming weeks.

“We are very pleased to be working on this important mixed-use development in downtown Minneapolis,” said Bill Katter, president and chief investment officer. “Together, this highly-qualified, veteran partnership will ensure the redevelopment not only serves, but also enhances the downtown community.”

The significance of this property’s redevelopment is certainly an important one for downtown Minneapolis. The team is looking forward to having a bird’s eye view from our new offices at 651 Nicollet Mall as renovation of the building takes place.