New 402,000 sq. ft. facility significantly increases company’s local footprint

 MINNEAPOLIS (August 22, 2016) – United Properties has signed a 402,000-sq.-ft. lease with Distribution Alternatives, Inc. for an industrial build-to-suit facility on a 30-acre site near the intersection of Interstate 35E and County Road 14 in Lino Lakes, Minnesota. Distribution Alternatives, a third party logistics firm based in Lino Lakes, plans to move into the new building in fall 2017. Site work commenced last week.

“This is one of the largest industrial build-to-suit leases in our market in recent years,” said Brandon Champeau, vice president for Bloomington—based United Properties. “We appreciate the opportunity to work with Distribution Alternatives on this forward-thinking facility which keeps them in the City of Lino Lakes.”

The building will be constructed with a 32’ clear ceiling height, making it ideal for cubic storage capacity. The new facility includes a cross-dock layout, outside trailer storage, excess power capacity for future automation and Gresser Concrete’s Prime Composite jointless floor slab – all features that give Distribution Alternatives an ‘e-commerce ready’ retail distribution facility.

“The demands of today’s e-commerce consumer are putting pressure on retailers and logistics providers to streamline the supply chain network. The distribution center plays a central role in this system, so our team worked collaboratively to design a facility that helps Distribution Alternatives meet their clients’ evolving requirements,” Champeau said.

“We are thrilled to be in the position to grow and move our headquarters operations into this new facility, while at the same time remain in the city of Lino Lakes,” said Distribution Alternatives executive vice president Len Thurmes. “This new facility will serve us, our supplier partners, and our growing customer base for many years to come.”

 United Properties has also secured an option with landowner Rehbein Properties to develop approximately 100 acres of commercial and industrial land around the new facility, named Clearwater Creek Business Park.

In addition to United Properties, the project team includes Jon Rausch of Cushman & Wakefield Northmarq, building design by Lampert Architects and general contractor RJ Ryan. Rob Davidson of The Davidson Companies, Inc. represented Distribution Alternatives in the transaction. DLR Group designed the company’s interior improvements.

About Distribution Alternatives, Inc.

Founded in 1935 in St. Paul, Minnesota, we have been distributing merchandise for over 80 years to the retail trade. Initially as Scholls Inc., we worked as a wholesale company delivering a variety of goods directly to our customer’s door. After 50 successful years of servicing the mass, grocery and department stores, due to changing demands, we evolved into Distribution Alternatives a 3rd Party Logistic Company. As a full service 3PL we contract with over 60 companies supplying warehousing and fulfillment services, and managing their distribution strategies using our 80 years of supply chain experience.  For more information, visit www.daserv.com.

sheila.thelemann@uproperties.com

LITTLETON, COLORADO (August 4, 2016) — Balfour Senior Living, based in Louisville, Colo., and United Properties, with offices in Minnesota and Denver, have announced a new partnership to develop and own a 74,000 sq. ft. senior living community at 8290 W. Coal Mine Ave. in Littleton, Colo. The community, slated for occupancy in 2017, will be developed with best practices from United Properties’ successful Minnesota assisted and independent living communities and Balfour’s five communities in Colorado. United Properties will close on the land and break ground immediately.

The new community will have an “equestrian-themed” design that is inspired by local rural architecture and will feature approximately 56 assisted living apartments and 26 memory care units, with a total of 82 homes.

The new campus will feature large common areas for educational, political, university and community events – a hallmark of the Balfour brand – walking paths and hobby areas.  Award-winning Boulder, Colorado based DTJ Design will design the project’s interiors and exterior.

With a ten-year track record of commercial development in Denver, United Properties enters the senior housing market in Colorado as the lead investor, working with Balfour as the operating partner of the Littleton project. This move marks United Properties’ first senior housing development in Denver; it has twelve such projects in the Minneapolis, Minnesota area, with two more under construction.

“We’re proud to have the opportunity to expand to Littleton and Jefferson County to offer senior living apartment homes in a premier location with our signature Balfour services, in partnership with a well-known development partner, United Properties,” says Balfour Senior Living Founder and Chief Executive Officer Michael K. Schonbrun. “Balfour is committed to building and operating the best senior living communities in Colorado and this new development will incorporate all we have learned from our nearly 20 years of developing and operating senior housing.”

“We have been looking at this market for some time and we are very excited to have Balfour, with their outstanding reputation as a co-investor and operator, for our first community in Colorado,” saidMike Dailey, senior vice president, United Properties.  Dailey joined United Properties to focus on retail and residential development in 2015 after stints with MVG Development and Opus Northwest.

“United Properties is excited to expand our successful senior living business into Colorado, as an addition to our established commercial development in the Denver area,” said Bill Katter, President and Chief Investment Officer, United Properties.

About Balfour

Founded in 1997, Balfour Senior Living has received national and international recognition for its design and operations including awards from the Assisted Living Federation of America, Hospitality Design Magazine, the Colorado chapter of the AIA and the Pacific Coast Builders Association. Currently, Balfour operates four communities located in Louisville, CO and one in the Riverfront Park neighborhood of downtown Denver, offering residents a full continuum of care with independent living, assisted living, memory care and skilled nursing care.  Balfour’s vision is to offer a state-of-the-art senior living community with comfortably elegant interior design, locally inspired architecture, enhanced amenities and personalized health care services in a rental community with no large entry fees. For more information contact:  BalfourInfo@BalfourCare.com or 844.354.8877.

DENVER (July 12, 2016) – United Properties announces that it has recently hired two new associates in its Denver office to support development activities. Alicia Rhymer was hired as vice president of retail development, and Megan Turner as a development associate.

In her new role, Rhymer oversees retail investment and development activities for the company in the Denver area. This newly created role will help United Properties round out its development expertise in the market, having been successful in office and industrial development in the market for the past 10 years.

“We are pleased to welcome Alicia to United Properties. Her wealth of experience in retail development will be a definite plus to our Denver clients and to our entire team,” said Bill Katter, president and chief investment officer.

Rhymer has more than 11 years of experience in the real estate and development industry and most recently served as senior development director at Confluent Development LLC. She earned a Bachelor of Science degree in political science from Wright State University, and an Associate of Applied Science degree in legal assisting from Sinclair Community College.

Turner supports the development team in marketing, financial analysis, underwriting and due diligence for new developments in her role as development associate. She recently received a bachelor’s degree from the University of Colorado Boulder Leeds School of Business with an emphasis in operations management. During the course of study, Megan also received her real estate certificate from the CU Real Estate Center and remains active in the Center’s initiatives. Megan previously held an internship at United Properties.

Lease signing brings development’s Phase II to 100 percent leased

 MINNEAPOLIS (June 21, 2016) – United Properties announces that it has signed a 50,000-sq.-ft. lease with Caribou Technologies, Inc. at its second phase building in Blaine Preserve Business Park, located at Hamline Avenue and 95th Avenue Northeast in Blaine. Caribou Technologies, a medical device contract manufacturer, will move into the new space summer 2016. The company will consolidate its growing operation from two existing locations in Ham Lake.

United Properties began construction of the building in September 2015, soon after executing a lease with Arrowhead Electrical Products, Inc. for 30,000 sq. ft. By November 2015, Arrowhead expanded into a larger 50,000-sq.-ft. space. The lease with Caribou Technologies brings the building to 100 percent occupancy within five months of groundbreaking.

“We’re delighted to accommodate Caribou Technologies in a modern facility that positions the company to continue its impressive growth,” said Brandon Champeau, vice president, United Properties. “The building’s quick, successful lease-up demonstrates our business park is well positioned to serve the needs of growing companies in the northern suburbs of the Twin Cities.”

Cushman & Wakefield/NorthMarq’s Jon Rausch and Brent Masica make up the leasing team at Blaine Preserve. John Lorence and Matt Oelschlager of CBRE represented Caribou Technologies in the transaction. The building was designed by Lampert Architects, P.A. and constructed by R.J. Ryan Construction.

“The Caribou team is excited to complete the buildout and move into this new facility,” said Connie Magnuson, CFO and co-founder, Caribou Technologies. “Our overall manufacturing and office footprint will double to accommodate continuing growth in manufacturing of high volume components and subassemblies. Further, this facility allows us to expand the dedicated space, equipment and resources of the Caribou Innovation Center. Through the CIC, we collaborate with customer R&D engineers on new product and process development, reducing their project timelines and transfer into production.”

In addition to the Phase II building, Blaine Preserve Business Park includes a fully leased 100,000-sq.-ft. office/warehouse constructed in 2007. United Properties plans to begin developing a third, 200,000-sq.-ft. office/warehouse building at the business park in fall 2016. Click here for more information about Phase III & IV.

Media Contacts

For United Properties:
Sheila Thelemann
952.837.8654
sheila.thelemann@uproperties.com

Inova I selected for Comcast Corporation’s Centennial Campus

 Denver, CO (June 09, 2016) – Newmark Grubb Knight Frank (NGKF), United Properties and Principal Real Estate Investors announce INOVA I at INOVA Dry Creek, a five-story, 212,000-square-foot office building located at 7250 South Havana Street has leased to Comcast Corporation.

Construction began in September on the first speculative building of its type in 15 years – Inova I will be the first completed building at INOVA Dry Creek. The Southeast Suburban submarket’s new 650,000-square-foot mixed-use office, flex and residential campus is located just east of Interstate 25 and East Dry Creek Road in Centennial. NGKF’s Jason Addlesperger, Dave Lee and Mike Wafer, SIOR, represented United Properties and Principal Real Estate Investors in the transaction. JLL’s Todd Roebken, David Welker and Greg Bante, represented Comcast Corporation.

INOVA 1 is expected to be complete in November of this year, and Comcast will take occupancy in the first quarter of 2017. “INOVA I offered the most desirable location, the fastest delivery date, the largest parking ratio available, the largest floorplate offered, and the best cost value for a Class A office building in the Southeast Suburban market,” commented Dave Lee, executive managing director at NGKF. “With so many benefits, INOVA Dry Creek offers many unique selling points that differentiate it from its competition.”

“Achieving a commitment at this stage of development at INOVA I signals we are on the right track with INOVA Dry Creek,” said Kevin Kelley, senior vice president, United Properties. “We are delivering on what the marketplace needs – modern, low-cost, highly efficient floor plates with abundant parking, combined with a convenient location in the Southeast Suburban market.” The first of five planned buildings, INOVA I began as a speculative development and a vision to create an innovative suburban Class A building that offered extraordinary value and amenities.

“INOVA Dry Creek has been unique from the beginning, bringing together visionary teams in the Denver market to create an exclusive, state-of-the-art campus environment offering mixed-use office, flex, residential and hospitality components in a premium environment,” remarked Jason Addlesperger, executive managing director at NGKF, who represents United Properties and Principal Real Estate Investors along with Lee and Wafer. The trio worked with United Properties to master plan the campus and began with a speculative building, confident in INOVA Dry Creek’s appeal to corporate users, high value and distinctive features. The master planned INOVA Dry Creek is the first new speculative project with both multi-tenant office and flex development in Southeast Denver in 15 years.

The team’s third speculative building together, Phase II, a second speculative Class A office building, measuring 235,800 square feet, is commencing immediately, with expected delivery in the third quarter of 2017. Located at the northeast corner of the campus, the four-story, INOVA II, will offer 57,000-square foot floorplates in a unique L-shape floorplan, designed with a roof top deck and underground parking for 42 spaces. The Development plans include three additional buildings on the 58-acre site, including Class A multi-tenant flex space, with a total square footage of 70,632.

INOVA Flex is also breaking ground immediately with a recent commitment from Power Home Remodeling Group, a Philadelphia-based company opening an office in Denver, pre-leasing 23,658 square feet of the planned 70,632-square-foot flex property.

INOVA, a shortened name for innovative, introduces an enhanced, tilt-up office architecture to Denver. One of the fastest-growing building technologies in the United States, tilt-up construction economics include reasonable cost with low maintenance, durability, speed of construction and minimal capital investment.

INOVA Dry Creek is situated near the Dry Creek light rail station, adjacent to Inverness Business Park and Centennial Airport, and is located approximately 20 minutes from downtown Denver. With United Properties and Principal Real Estate Investors seeking LEED® certification on all buildings, plans include facilities for bike commuters (dedicated building entries with showers, lockers, repair areas and bike rentals), a dedicated shuttle to transport employees to and from the Dry Creek light rail station, and onsite food truck pad sites with dining areas.

United Properties purchased the land for Dry Creek Corporate Center in late 2014 in a joint venture with Principal Real Estate Investors. United Properties hired Powers Brown Architecture as the lead architect for the vertical development and Adolfson & Peterson Construction as the general contractor for INOVA I.

About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.

With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.

NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.

About Principal Real Estate Investors

Principal Real Estate Investors manages or sub-advises $59.3 billion in commercial real estate assets^[1]. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group^®.

Powers Brown Architecture

Powers Brown Architecture is a professional services firm with offices in Denver; Houston, and Washington D.C. Led by founding members, Joe Powers, AIA, Jeffrey Brown, AIA, along with Keith Conrad, AIA, the firm has extensive experience at the principal level working with private and public agencies. This experience makes Powers Brown Architecture uniquely qualified to meet its clients’ design and construction needs from the most simple to the most complex.

The firm utilizes an approach to design that is highly analytical and inventive in pursuing the unique synthesis of circumstance, opportunity and function. The firm’s collective purpose is held together by a belief in the process of analysis and research of program and site in their own terms. Powers Brown Architecture holds the belief that this attention to the specificity of every opportunity is a condition perhaps unique to architecture as a discipline.

Power Home Remodeling Sets its Sights on Denver

Commitment to Inova’s Mixed-use Campus will kick start Flex development

Denver, CO (May 23, 2016) – Newmark Grubb Knight Frank (NGKF), United Properties and Principal Real Estate Investors announce Power Home Remodeling, a Pennsylvania-based company, recently recognized as Fortune’s #1 Workplace for Millennials in the country, is opening a Denver location. The company’s pre-leasing commitment of 23,658 square feet will kick start the planned 70,632-square-foot INOVA Flex development at INOVA Dry Creek.

INOVA Flex is part of the master planned INOVA Dry Creek, the southeast submarket’s new 650,000-square-foot mixed-use office, flex and residential campus, located just east of Interstate 25 and East Dry Creek Road in Centennial. NGKF’s Andrew Blaustein represented Power Home Remodeling and NGKF’s Jason Addlesperger, Dave Lee and Mike Wafer represented United Properties and Principal Real Estate Investors in the lease transaction.

“Power polls its employees every year to gauge interest in new markets and Denver was nearly the unanimous choice,” commented Corey Schiller, co-chief executive officer at Power Home Remodeling. “We also keep a watchful eye on where the general population would most like to live. Denver was at the top of both lists, so it’s an easy decision to relocate twenty individuals to help open the Denver market.”

Power Home Remodeling is listed in Inc. 5000’s annual list of fastest growing private companies and is consistently named one of the best places to work. “Our employees are especially energized by innovative and vibrant work environments, and we’re confident we can create the Chester, PA headquarters culture at INOVA,” he added.

“INOVA Flex provided options for Power that were not available anywhere else in this market,” added Andrew Blaustein, managing director at NGKF. “INOVA Dry Creek offers the most desirable location with a large parking ratio, an opportunity to design our own space from core and shell, and a mature tenant base in the immediate vicinity. Combine these features with the strength of the Southeast market, a Class A flex opportunity, and proximity to area amenities and you have a natural win.”

INOVA Dry Creek is situated near the Dry Creek light rail station, adjacent to Inverness Business Park and Centennial Airport, and is located approximately 20 minutes from downtown Denver. With United Properties and Principal Real Estate Investors seeking LEED® certification on all buildings, plans include facilities for bike commuters (dedicated building entries with showers, lockers, repair areas and bike rentals), a dedicated shuttle to transport employees to and from the Dry Creek light rail station, and onsite food truck pad sites with dining areas. Jason Addlesperger, Dave Lee and Mike Wafer, all executive managing directors at NGKF, master planned the campus with United Properties and Principal Real Estate Investors. Murray and Stafford was hired as the general contractor for INOVA Flex.

With a planned June groundbreaking for INOVA Flex, it is expected that Power Home Remodeling will open its Denver location in January 2017. The company currently has 1,650 employees in ten business locations across the United States and expects to grow its Denver employee base to 100 people.

About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.

With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.

NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.

About Principal Real Estate Investors

Principal Real Estate Investors manages or sub-advises $66.0 billion in commercial real estate assets^[1]. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group^®.

Media Contacts

For United Properties:
Sheila Thelemann
952.837.8654

Iconic five-star hotel involved in project design as discussions continue

 MINNEAPOLIS (April 6, 2016) – United Properties and its new project partners, JMI Realty and Greystar, unveiled a new design for the mixed-use Gateway development at Third Street and Nicollet Mall in downtown Minneapolis at a Downtown Minneapolis Neighborhood Association meeting last night.

The project is still in the concept planning stages but will soon move forward to the City of Minneapolis review and approval process, which is expected to take place during the remainder of 2016.

Changes that were unveiled on Tuesday include:

• The tower has expanded to 35 floors, which will result in a total building height of approximately 530 feet, including a new architectural spire.
• The approximately 164 luxury apartments will have an average size of 1,700 sq. ft.
• The top two floors will be comprised of penthouse units.
• JMI, the hotel partner, is targeting a 300-room, five-star hotel that will include meeting space, a 10,000-sq.-ft. state-of-the-art ballroom, luxury amenities and 7,500 sq. ft. for a world-class restaurant.

“Our hotel partner, JMI, is in active discussions with Four Seasons and we believe they would be a great fit for this project,” said Bill Katter, president and chief investment officer for United Properties. “While the discussions are ongoing, we are doing all that we can as a development team to make this the most attractive site for a five-star hotel like Four Seasons to enter the Twin Cities market. This would be a stunning addition to Minneapolis — and one that we believe would be warmly embraced by the community.”

Katter added that the overall project would be “a tremendous addition to the City of Minneapolis and a major leap forward for the north side of Nicollet Mall.”

The Gateway development additionally incorporates street-level retail and three levels of below-grade parking for up to 575 vehicles. It will be connected to the greater Minneapolis skyway system through the Minneapolis Central Library, and is a key link between the Minneapolis Central Business District (CBD) core and the transition to the Warehouse District/North Loop across Hennepin Avenue.

JMI Realty, a national hotel developer, and Greystar, a leader in the investment, development and management of rental housing properties, are well-known firms with successful projects on both U.S. coasts.

“We are very pleased that, along with our new project partners, we have been able to bring this project forward with a stunning new design that can fulfill the iconic vision we shared with the City of Minneapolis when we were selected in 2015,” said Katter. “Our new partners JMI Realty and Greystar have brought forward an outstanding mixed-use project that increases the stature of Minneapolis as a world-class city.”

“We are excited to be a part of this fantastic, skyline-changing, mixed-use development,” said Greg Clay, president of JMI. “A five-star hotel with ‘super luxury’ residential units will expand an already impressive cultural and culinary scene, and will provide an option that does not exist today. This project has the potential to be a true landmark and THE gateway to downtown.”

“Greystar is excited about the opportunity to collaborate with United Properties and JMI on this best in class iconic mixed-use development in the heart of downtown Minneapolis. Bounded by Hennepin, Washington and Nicollet Mall, this site is a true Gateway location as a connection of the CBD to the warehouse district and riverfront, and enjoys unparalleled access to many of the City’s most notable cultural, business, entertainment and recreational assets,” said Gary Wallace, managing director of development for Greystar. “For those seeking the excitement of living in the bustling Minneapolis’ CBD, we look forward to pursuing a high-quality residential development complemented by the services and experience of a five-star hotel.”

The Gateway project team includes:

• United Properties, the Twin Cities leading developer;
• Greystar, the nation’s largest operator of apartments;
• JMI Realty, a national luxury hotel developer; and
• ESG Architects, principal design firm.

The project’s general contractor will be selected in the near future.

About Greystar

Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and property management of rental housing properties globally. Headquartered in Charleston, South Carolina with offices throughout the United States, Europe, and Latin America, Greystar is the largest operator of apartments in the United States, managing approximately 410,000 units in over 130 markets globally. Greystar also has a robust institutional investment management platform dedicated to managing capital on behalf of a global network of institutional investors with over $12 billion in gross assets under management including $3.9 billion of developments underway. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world class service in the rental housing real estate business. To learn more about Greystar, visit www.greystar.com.

About ESG
Elness Swenson Graham Architects (ESG) is an award winning design firm with a national practice in urban residential, hospitality, workplace environments, higher education, branding and graphic design. Since the company’s founding over three decades ago, ESG has helped clients create environments for community, business, and leisure by providing holistic, creative solutions to complex problems. The company’s mission is to enrich the built environment beyond architecture and buildings; to deliver the superior, the timeless, the memorable and the unique; and to design environments that capture the human spirit and uplift our lives. Headquartered in Minneapolis where the firm enjoys a leadership position in redevelopment, ESG was recently recognized with the American Institute of Architects Minnesota (AIA-MN) Firm Award for “innovation in urban residential mixed use design.” www.esgarch.com

Media Contacts

For United Properties:
Sheila Thelemann
952.837.8654

MINNEAPOLIS (March 7, 2016) – United Properties announced today that it has hired Gordy Stofer as vice president, office development, in its Minneapolis office. In his new role, Stofer will take on office investment and development activities for the company and report to Bill Katter, president and chief investment officer. He joins the company on April 25, 2016.

Most recently Stofer has been director with Hines Interests Limited Partnership in Denver, where he has overseen complex development projects in downtown Denver totaling over 1 million square feet, including a Class A project in the Union Station district.

“We’re very excited to welcome Gordy back home to Minnesota and to United Properties,” said Katter. “The Stofer family has been part of the United Properties culture for many years, and we are very pleased to have Gordy join us as we continue to build our next generation of developers.” A native Minnesotan, Stofer is the nephew of Boyd Stofer, who headed the Pohlad family’s real estate companies, including United Properties, prior to his death in 2011.

Stofer brings more than 15 years of experience in the real estate and development field to United Properties. Prior to his position with Hines, Stofer was a senior associate at Cherry Tree and Associates in Minnetonka, where he processed M&A transactions and private placements. He also has worked as a development manager and broker with other development firms in Colorado, managing a wide variety of projects. ”Gordy will bring fresh perspective to our development group and has roots in both Denver and Minneapolis, our two primary markets. It’s a great fit,” Katter noted.

Stofer holds a bachelor’s degree from Miami University in Ohio, a master’s degree in real estate and construction management from University of Denver, and an MBA from Northwestern University. He is a certified LEED® Accredited Professional.

Media Contacts 

For United Properties:
Sheila Thelemann
952.837.8654
sheila.thelemann@uproperties.com

Award is for phase II of Enterprise Business Center at Stapleton

DENVER (March 1, 2016) – United Properties, a developer and investor with offices in Denver, won NAIOP Colorado’s 2015 Industrial Development of the Year award for phase II of its Enterprise Business Center (EBC) development at Stapleton.

Phase II of EBC was completed in July 2015, and includes 466,536 sq. ft. of Class A industrial space. EBC is centrally located within the master-planned Stapleton development, just 15 minutes from downtown Denver and Denver International Airport and near a future RTD FasTracks light rail station.

United Properties employed sustainable practices on all buildings at EBC, including efficient lighting and insulation, recycled concrete and building materials designed to maximize energy efficiency.

“We’re very honored to receive this NAIOP award,” said Kevin Kelley, senior vice president, United Properties. “Our goal with this development was to create a state-of-the-art industrial park that served our tenants’ needs, and we’re proud to be recognized for our efforts.” Phase I of EBC also won NAIOP Colorado’s Industrial Development of the Year award in 2014.

NAIOP, the Commercial Real Estate Development Association, provides advocacy, education and business opportunities for developers, owners and related professionals in office, industrial, retail and mixed-use real estate. NAIOP comprises over 15,000 members across North America.

Media Contacts

For United Properties:
Sheila Thelemann
952.837.8654

Award is for phase II of Enterprise Business Center at Stapleton

DENVER (March 1, 2016) – United Properties, a developer and investor with offices in Denver, won NAIOP Colorado’s 2015 Industrial Development of the Year award for phase II of its Enterprise Business Center (EBC) development at Stapleton.

Phase II of EBC was completed in July 2015, and includes 466,536 sq. ft. of Class A industrial space. EBC is centrally located within the master-planned Stapleton development, just 15 minutes from downtown Denver and Denver International Airport and near a future RTD FasTracks light rail station.

United Properties employed sustainable practices on all buildings at EBC, including efficient lighting and insulation, recycled concrete and building materials designed to maximize energy efficiency.

“We’re very honored to receive this NAIOP award,” said Kevin Kelley, senior vice president, United Properties. “Our goal with this development was to create a state-of-the-art industrial park that served our tenants’ needs, and we’re proud to be recognized for our efforts.” Phase I of EBC also won NAIOP Colorado’s Industrial Development of the Year award in 2014.

NAIOP, the Commercial Real Estate Development Association, provides advocacy, education and business opportunities for developers, owners and related professionals in office, industrial, retail and mixed-use real estate. NAIOP comprises over 15,000 members across North America.

Media Contacts

For United Properties:
Sheila Thelemann
952.837.8654