A Proud History
Since 1916, United Properties has continued to grow as an investor and developer of commercial property, senior housing, and residential land. Privately held through its entire history, United Properties was first owned by the Hamm Family, and now the Pohlad Family.
2020
Enters Austin, TX commercial real estate market.
2019
Ranks first on Minneapolis / St. Paul Business Journal’s Largest Real Estate Developers list for the sixth year in a row.
2019
Receives Denver Business Journal’s Best Places to Work Award.
2018
Ranks first on Minneapolis / St. Paul Business Journal’s Largest Real Estate Developers list for the fifth year in a row.
2018
Co-leadership forms with Matt Van Slooten (taking over for Eva Stevens after her retirement) and Bill Katter named as presidents.
2018
Receives Minneapolis / St. Paul Business Journal’s Best Places to Work Award.
2017
Ranks first on Minneapolis / St. Paul Business Journal’s Largest Real Estate Developers list for the fourth year in a row.
2017
Moves its corporate headquarters to downtown Minneapolis.
2017
International Toby Award Winner: Suburban Office Park (mid-rise category), Centennial Lakes Office Park.
2017
Enters the senior housing market in Florida.
2016
Ranks first on Minneapolis / St. Paul Business Journal’s Largest Real Estate Developers list.
2016
Commemorates 100th year in operation.
2015
Ranks first on Minneapolis / St. Paul Business Journal’s Largest Real Estate Developers list.
2015
Co-leadership forms with Eva Stevens and Bill Katter named as presidents.
2015
Receives NAIOP Colorado’s Industrial Developer of the Year Award for Enterprise Business Center.
2015
Continues multi-phase developments as an investor with second phase of Penn & American, a mixed-use project with apartments, hotel and retail space.
2014
Ranks first on Minneapolis / St. Paul Business Journal’s Largest Real Estate Developers list.
2013
Increases presence in Colorado with development of multi-phase industrial park with more than 2M SF.
2009
Strengthens industrial portfolio with acquisition of 700,000-SF industrial park, Enterprise Business Center.
2008
Frank Dutke is named CEO after many years of leading the investment and development business.
2008
Reorganizes to create distinction between third-party services (Cushman Wakefield Northmarq) and investment and development (United Properties).
2005
Extends operation into Colorado with investment, development and portfolio management for retail, office and industrial properties.
2004
Receives NAIOP’s National Developer of the Year Award. United Properties wins the award in recognition of our Centennial Lakes Office Park development.
2003-2007
Focuses on historic renovation with purchase and restoration of landmark buildings in Minneapolis’ North Loop: Ford Center and Loose-Wiles Biscuit Factory.
2001
Establishes United Properties Residential and Applewood Pointe senior housing cooperatives’ first location in Roseville.
1998
The Pohlad Company acquires United Properties. Founded by Carl Pohlad in the 1960s, the Pohlad Companies have holdings in many industry segments, including ownership of the Minnesota Twins.
1995
Becomes largest brokerage and property management practice in the Twin Cities.
1993-2008
Boyd Stofer was president and CEO and then served as CEO of parent company Marquette Real Estate Group until his untimely death in 2011. Stofer evolved the company from an entrepreneurial developer to an enterprise leader.
1990s
Expands into developing and owning grocery-anchored shopping centers in the Upper Midwest, eventually acquiring eight centers.
Late 1980s/Early 1990s
United Properties launches brokerage and leasing, property management and construction services for third parties in response to a changing investment/development market.
1988
A 13-year development begins at Centennial Lakes, a 100-acre site with office buildings, retail stores, restaurants, medical offices, residential units, movie theater and 25-acre public park.
1980s
Class A office building development starts in the Twin Cities’ growing suburbs and highway corridors.
1975
Develops and owns large, master-planned parks that combine mixed-used commercial, office and industrial sites.
1972-1995
Ken Stensby heads the company. Stensby is also instrumental in starting the Minnesota Chapter of NAIOP and later served on the national board.
1967-1972
Austin Chapman serves as president and CEO, leads real estate and financing.
1960s
Work starts on business parks by purchasing land in places like Mendota Heights and Lake Elmo.
1937
Realty division spins off and renames United Properties with a focus on investing in and owning commercial real estate.
1919
The Hamm Building is built. It served as the company’s headquarters until 1981, which was also one of the properties the company managed and owned.
1916
Hamm Realty Company – later named United Properties – forms to manage the assets of the Hamm Brewing Company.
1865
German immigrant Theodore Hamm becomes owner of a tiny brewery at the edge of St. Paul. Within two decades, Hamm’s Brewing Company covers four acres.