News Release

Kevin Farrell Selected to Lead United Properties Corporate Real Estate Services as Executive Managing Director Kevin Farrell

MINNEAPOLIS (April 20, 2004) — Kevin Farrell has been selected to lead United Properties Corporate Real Estate Services as executive managing director, according to Larry Pobuda, United Properties senior vice president. He will join the company in early May.

Farrell will direct United Properties’ 80-person Corporate Real Estate Services division, which represents more than 25 leading corporations in markets across the country. “We conducted an extensive search across the Upper Midwest to select the right leader for this area of our business,” Pobuda said. “We met the best corporate real estate talent in this region of the country, and Kevin represents the best of the best.”

Farrell replaces Pobuda, who founded and has directed United Properties Corporate Real Estate Services since 1995. Pobuda now oversees United Properties Healthcare Real Estate Group, as well as the company’s geographic expansion initiative.

Farrell is a 25-year commercial real estate industry veteran specializing in corporate services. He was most recently senior managing director with CB Richard Ellis, where for three years he was Corporate Services global account development leader and for four years he was Facilities Management business leader.

Farrell developed and was president of Welsh Company’s Corporate Services division from 1997 to 1998 and was regional leader of CB Koll’s Madison Advisory and Facilities Management groups from 1994 to 1997. From 1976 to 1994, Farrell worked in direct corporate real estate positions as vice president of industrial services for Ogden Services, director of global facilities management for Unisys and senior engineer for San Diego Gas & Electric.

Farrell earned a bachelor of science degree in engineering in 1976 from the University of Redlands in Redlands, Calif., and is a professional registered engineer. He also is a certified facility manager and a licensed real estate broker. He is a member of CoreNet Global, the premier association for corporate real estate professionals, and the International Facility Management Association. He has been a featured speaker for these organizations, as well as Building Owners and Managers Association and Tradeline Inc., a facilities management resource organization.

About United Properties Corporate Real Estate Services
United Properties Corporate Real Estate Services provides strategic planning and advisory services, tenant representation and portfolio management, facilities and project management and portfolio reporting to corporate, healthcare and nonprofit clients nationwide. It is a division of United Properties, a full-service commercial real estate company with 400 employees providing real estate services around the country.

In addition to corporate real estate services, the company specializes in brokerage, property management, facility services, construction management, development services and investment services. Based in the Twin Cities, United Properties is located on the Web at www.uproperties.com.

 
Media Contacts
Martha Nevanen
Vice President, Marketing Communications
952-893-7539
mnevanen@uproperties.com

Jessie Folkens
Sr. Communications Consultant
952-837-8516
jfolkens@uproperties.com