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

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
sheila.thelemann@uproperties.com

Construction slated for April on the redevelopment of the former Midway Stadium site

MINNEAPOLIS (Feb. 24, 2016) – United Properties and the St. Paul Port Authority will begin construction in April on the redevelopment of the former Midway Stadium site and have signed a lease with Tierney Brothers for 52,000 sq. ft. in the building.

The 189,000-sq.-ft. light industrial building with 24-foot clear ceiling heights will be located at 1785 Energy Park Drive, St. Paul. The building will be ready for occupancy in October 2016. It is being developed by a joint venture of United Properties and the St. Paul Port Authority. The developers plan to obtain LEED® certification for the building, making it the first LEED®-certified multi-tenant industrial building in Minnesota.

“We’ve had an overwhelming amount of interest in this location. It presents a rare opportunity to lease a large amount of a modern, industrial space in the center of the metro area,” said Brandon Champeau, vice president, United Properties. “With 2016 marking United Properties’ 100th anniversary, we are especially excited to develop a major project in St. Paul, where our company first began.”

“This building will make a great addition to this area, bringing new job opportunities and tax revenue to the city,” said Monte Hilleman, vice president of real estate development, St. Paul Port Authority.

Tierney will relocate its headquarters and will use the space for offices, a showroom, and warehousing. The new space will allow for company growth and expanded product offerings. Tierney is a Minnesota owned and operated technology integrator and has been in business for 39 years. Tierney is a growing, vibrant, and recognized leader in helping clients resolve critical business and educational issues by creating communications environments that enable people to learn and be productive.

“We look forward to having everyone under the same roof again after years of growth. It will bring us closer together as a team and ultimately make us even stronger,” said Rob Gag, CEO, Tierney.

In addition to United Properties and the St. Paul Port Authority, project partners include building architect LHB, Tierney’s interior designer DLR Group and general contractor R.J. Ryan. The transaction team included Todd Hanson, Jason Sell and Chris Weirens of Cushman & Wakefield/NorthMarq representing the joint venture partners, and Merrie Sjogren of Assembly representing Tierney.

Media Contacts

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

MINNEAPOLIS (Dec. 17, 2015) – United Properties announces that it has acquired a 300,000-sq.-ft. bulk industrial building at 1080 Park Place in Shakopee, Minnesota. The building is currently occupied by Silgan Containers. The commercial real estate investor and developer cites the location in the competitive Shakopee submarket and the building’s value-add opportunities as the primary reason for acquiring the building. The closing occurred on Dec. 11.

“1080 Park Place was intriguing given its location in the heart of Shakopee, a quality tenant, 38-foot clear height and value-add opportunities such as expanding the truck court and completing cosmetic upgrades,” said Brandon Champeau, vice president. “This acquisition demonstrates our commitment to grow our industrial portfolio with buildings that are positioned to capitalize on the evolving requirements of today’s tenants.”

United Properties plans to complete site improvements and cosmetic upgrades in spring 2016.  Kris Smeltzer of Cushman & Wakefield/NorthMarq represented United Properties in the transaction. Cushman & Wakefield/NorthMarq will manage and lease the property on behalf of United Properties.

Media Contacts
Jessie Timmerman
952.837.8516
jessie.timmerman@uproperties.com

Martha Nevanen
952.893.7539
mnevanen@northmarqcompanies.com

Mixed-use development will be complete in fall 2016 and will include retail and residential

MINNEAPOLIS (Nov. 12, 2015) – United Properties is breaking ground this week on Kenwood Village, its mixed-use development in Duluth. Located at the southwest corner of Kenwood Avenue and Arrowhead Road, the site will include approximately 14,000 sq. ft. of retail space and 83 market-rate apartments ranging in size from studio to three-bedrooms. Construction is scheduled to be complete in fall 2016.

The four-story development will include a mix of retail tenants and apartments on the first floor, and another three stories of apartments above. The retail and housing will be served by a parking deck with covered parking below.

United Properties first provided details of the development after it purchased property from Duluth Teachers Credit Union, as well as four adjacent residential parcels. Since then, United Properties finalized the design and development plan, and worked through the entitlement process with the City of Duluth

Media Contacts
Jessie Timmerman
952.837.8516
jessie.timmerman@uproperties.com

Martha Nevanen
952.893.7539
mnevanen@northmarqcompanies.com

MINNEAPOLIS (Nov. 9, 2015) – United Properties announced today it has hired Dave Young as development project manager. Young will assist in executing senior housing projects for the company for its Applewood Pointe senior cooperatives, and Cherrywood Pointe senior communities offering independent living, assisted living and memory care. He will oversee the development process, including design, financing, construction and close-out.

“We’re pleased to have Dave join our team as we continue to grow our senior housing,” said Alex Hall, senior vice president. “His background in residential construction will be a tremendous asset as we develop more Applewood Pointe and Cherrywood Pointe communities.”

Young has more than 15 years of experience in the construction field. Prior to joining United Properties, he was construction manager for Fieldstone Family Homes and vice president of construction at M.W. Johnson Construction.

Young received his bachelor’s degree from the University of Minnesota and currently holds a Minnesota Building Contractors License.

Media Contacts
Jessie Timmerman
952.837.8516
jessie.timmerman@uproperties.com

Martha Nevanen
952.893.7539
mnevanen@northmarqcompanies.com

Arrowhead Electrical Products signs lease for 30,000 sq. ft. in new building

MINNEAPOLIS (Sept. 22, 2015) – United Properties recently broke ground on a second building at Blaine Preserve Business Park and signed a lease with Arrowhead Electrical Products, Inc.; the company will lease 30,000 of the 100,000 sq. ft. in the new office/warehouse building. The global distributor of rotating electrical parts already occupies 75,000 sq. ft. of the first building at Blaine Preserve Business Park, located at Hamline Avenue and 95th Avenue Northeast in Blaine.

The Blaine City Council approved development plans for the second building this summer; construction will be substantially completed by March 2016. The second building will be located directly north of the first building.

“This is a good location for Arrowhead, with close proximity to the interstate and a solid labor pool,” said Jason Flagstad, vice president-Operations, Arrowhead Electrical Products. The company expects to use the new space at least through 2022.

The first building at Blaine Preserve is also a 100,000 sq. ft. office/warehouse, constructed in 2007. United Properties plans to develop a third, 200,000-sq.-ft. office/warehouse building at the business park, pending the entitlement process with the City of Blaine this winter.

“We’re excited to be able to accommodate the growth of this long-time tenant,” said Brandon Champeau, vice president, United Properties. “We appreciate Arrowhead’s continued commitment to this site, and are proud to bring additional employment to the City of Blaine.”

Cushman & Wakefield | NorthMarq’s Brent Masica is the broker at the property. The property team includes Lampert Architects, Civil Engineering Site Design, and general contractor R.J. Ryan.

Media Contacts
Jessie Timmerman
952.837.8516
jessie.timmerman@uproperties.com

Martha Nevanen
952.893.7539
mnevanen@northmarqcompanies.com

Building will house its specialty construction and industrial division

MINNEAPOLIS (Sept. 9, 2015) – United Properties announces that it has signed a lease with HD Supply for its 31,000-sq.-ft. industrial building in Mendota Heights. One of the largest industrial distributors in North America, HD Supply will move into the single-story office warehouse building in late 2015. Located at 1400 Commerce Drive near highways 494 and 55, the building is within Mendota Heights Business Park, developed by United Properties.

HD Supply will operate its specialty construction and industrial division from the building, expanding its reach in the Minneapolis metro area from the current Plymouth location. The company provides a range of products and value-add services in maintenance, repair and operations, infrastructure and power and specialty construction sectors.

The transaction team included landlord representative Tony DelDotto of Cushman & Wakefield | NorthMarq, and HD Supply representatives Matthew Dornak of Stream Realty and Eddie Rymer of Carlson Commercial. “We were pleased to have a building with the perfect combination for HD Supply’s needs: the precise size and their ideal location,” said John Saunders, senior vice president, United Properties.

United Properties developed the single story building in 1991; it was previously occupied by Lennox PartsPlus. The industrial property is part of Mendota Heights Business Park, a mixed-used commercial, office and industrial development that includes the multi-phased Mendota Place, Mendota Heights Business Center, Brown College’s Le Cordon Bleu Culinary School and Courtyard by Marriott Hotel.

Media Contacts
Jessie Timmerman
952.837.8516
jessie.timmerman@uproperties.com

Martha Nevanen
952.893.7539
mnevanen@northmarqcompanies.com

DENVER (Sept. 8, 2015) – United Properties, a Denver developer and investor, has named Mike Dailey as senior vice president of development. Dailey will focus on senior housing and retail development on behalf of the commercial real estate firm. He will work alongside Kevin Kelley, senior vice president of United Properties, to expand the company’s development activity in Denver, as well as potential surrounding markets.

“Mike is an outstanding hire for us and will help our company grow in the Denver area, a key initiative for us,” said Bill Katter, president-development and chief investment officer, United Properties. “He has a wealth of knowledge and experience and we look forward to Mike’s contributions.”

Prior to joining United Properties, Dailey was president of MVG Development. In addition, he worked for Opus Northwest as director of real estate development and in the real estate departments at Level 3 Communications and Safeway. Dailey received his law degree from the University of Denver College of Law and his bachelor’s degree in business administration from Menlo College in Atherton, California.

Dailey is licensed as a Colorado real estate broker and attorney, and is a member of the Colorado Bar Association. He is currently on the board of directors for Colorado Headwaters Land Trust and a previous commissioner for the Town of Superior Planning and Zoning. Dailey is a member of the International Council of Shopping Centers (ICSC) and Dailey is a member of the International Council of Shopping Centers (ICSC) and NAIOP, the Commercial Real Estate Development Association.

Media Contacts
Jessie Timmerman
952.837.8516
jessie.timmerman@uproperties.com

Martha Nevanen
952.893.7539
mnevanen@northmarqcompanies.com