MINNEAPOLIS, Minn. (June 1, 2010) — United Properties announces that the following leases have been signed in its office real estate portfolio.
Two new leases secured at Centennial Lakes Office Park
United Properties has secured leases with two new tenants at Centennial Lakes Office Park in Edina, Minn. In both transactions, United Properties was represented by NorthMarq leasing agents Jim Jetlandand Tom Sampair.
Capstone Advisory Group LLC, represented by Jim Schlundt of First Industrial Realty Trust, has signed a lease for 5,110 sq. ft.
A lease was also secured with BMS Intermediaries, Inc. The company had been subleasing a 5,400-sq.-ft. space from another tenant at the park and signed an agreement to become the primary lessee of the space. BMS Intermediaries, Inc., was represented by Jim Damiani of Welsh Companies.
Located in Edina, Minn., the office park includes five buildings and a Macaroni Grill totaling 835,000 sq. ft. and is surrounded by a city park, multi-family housing and retail. The project, developed between 1996 and 2001, is a joint venture owned by United Properties and State Farm.
New tenant moving into Northland Center
United Properties, represented by NorthMarq’s Bill Rothstein, also secured a 10-year lease with Hammargren & Meyer P.A. for space at Northland Center in Bloomington, Minn. The law firm, represented by Mike Perkins of Welsh Companies, will occupy 8,500 sq. ft. Northland Center comprises two connected, seven-story buildings totaling 465,000 sq. ft.
About NorthMarq
NorthMarq offers commercial real estate services, including transaction and advisory services, real estate management, and debt and equity placements, to investors and occupiers of commercial real estate from its headquarters in Minneapolis. The company manages more than 60 million sq. ft. of retail, industrial and office assets in 22 markets around the country, handles more than 7,500 transactions annually and provides real estate debt and equity financing, and commercial loan servicing in 32 offices coast-to-coast, with an average of $7 billion in annual production volume and services a loan portfolio of more than $40 billion.
Media Contacts
Martha Nevanen
Vice President, Marketing Communications
952-893-7539
martha.nevanen@marquettere.com
Jessie Folkens
Sr. Communications Consultant
952-837-8516
jessie.folkens@marquettere.com
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.
