industrial - United Properties

INDUSTRIAL
THE CAPABILITY TO GET IT DONE RIGHT.
THE INTEGRITY TO GET IT DONE THE RIGHT WAY.
Since 1916, United Properties has built a reputation for
doing what we say we will do. From a foundation of strong,
stable private ownership, we repeatedly deliver on our
promises through entrepreneurial decison-making, open
communication, and faster, easier access to capital.
Value you can measure from people you can count on.
That’s United Properties.
INDUSTRIAL DEVELOPMENT
COMPANY OVERVIEW
In the last 10 years, United Properties has developed 15 industrial
projects totaling more than 2.6 million square feet of new industrial
space. United Properties’ industrial development began in the late 1960s
with the 210-acre Mendota Heights Business Park and continued with
company headquarters, research and development, distribution and
manufacturing facilities.
United Properties’ focus is
commercial and residential real
estate, from developing and
investing in property and land
to managing its own operating
portfolio.
Our work includes speculative properties for investment and a
comprehensive build-to-suit program. In addition, United Properties
develops business parks and offers development services to third-party
investors/owners.
We provide services in investment,
development and portfolio
management in Minnesota,
Colorado, Illinois and Wisconsin.
Our residential real estate includes
senior cooperatives and assisted
living in Minnesota as well as
multi-family and land for singlefamily homes in Minnesota, Virginia
and Florida.
Today, our clients include FedEx, CH Robinson, Swire Coca-Cola USA,
Wurth Adams, Perbix, Tire Rack, Acosta, among others.
United Properties’ industrial activity has taken off in the last year with
projects in Denver, Brooklyn Park, Chanhassen, Inver Grove Heights,
Maple Grove and St. Paul.
INDUSTRIAL INVESTMENTS
United Properties teams up with corporate and investment clients to
develop or acquire/own existing industrial buildings for occupancy/
leaseback or for investment purposes. Our development and asset
management groups work closely in the underwriting and acquisition of
industrial properties.
The industrial assets in the investment portfolio include properties such
as Plymouth Ponds, Blaine Preserve Business Park, Vadnais Heights
Business Center and Lakepoint Distribution Center.
Privately held through its entire
history, United Properties has been
a family-run business, first by the
Hamm Family from St. Paul then the
Pohlad Family from Minneapolis.
INDUSTRIAL
RECENT PROJECTS
Through 2015, United Properties is developing a number of flex
and bulk industrial projects.
NORTHCROSS
BUSINESS PARK
A 36-acre site in Brooklyn Park,
Minnesota, that will include the
165,000-sq.-ft. headquarters for
Wurth Adams Nut & Bolt Co., a
70,000-sq.-ft. office/warehouse
for Perbix Machine Co. Inc., and a
168,000-sq.-ft. speculative industrial
building. For Wurth Adams and
Perbix’s expansions, the project
received funds from The Minnesota
Department of Employment and
Economic Development’s (DEED)
Minnesota Job Creation Fund.
MENDOTA HEIGHTS
INDUSTRIAL BUILDING
A 96,000 sq. ft. 24’ clear
industrial building, the planned
Mendota Height industrial building
will be located on a 8.3 acre freeway
site overlooking I-494. Development
will begin by the end of 2014 with
completion in the second half
of 2015.
POWERS POINTE
RED ROCK INDUSTRIAL
MIDWAY STADIUM
United Properties recently
completed Powers Pointe, a
140,800-sq.-ft., multi-tenant office
warehouse building in Chanhassen,
Minnesota. Located within
Chanhassen Lakes Business Park,
construction on the 17-acre site was
complete in October.
United Properties recently began the
development of Red Rock Industrial
Building in Maple Grove. Located
near the intersection of County
Road 81 and 89th Avenue North, the
speculative industrial building will
be a 320,000 sq. ft. with 32-foot clear
ceiling and complete by June 2015.
United Properties began working
with the Saint Paul Port Authority
in 2014 and formed a joint venture
to redevelop the Midway Stadium
site. With the Saints 2014 season
complete, site cleanup and
demolition has begun and will be
complete by mid-2015. The plan
is to redevelop the 13-acres for an
industrial use consistent with other
businesses in Energy Park.
3600 American Blvd. W.
Suite 750
T 952.835.5300 | uproperties.com
Minneapolis, MN 55431