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.

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.

1916

Hamm Realty Company – later named United Properties – forms to manage the assets of the Hamm Brewing Company.

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.

1937

Realty division spins off and renames United Properties with a focus on investing in and owning commercial real estate.

1960s

Work starts on business parks by purchasing land in places like Mendota Heights and Lake Elmo.

1967-1972

Austin Chapman serves as president and CEO, leads real estate and financing.

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.

1975

Develops and owns large, master-planned parks that combine mixed-used commercial, office, and industrial sites.

1980s

Class A office building development starts in the Twin Cities’ growing suburbs and highway corridors.

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.

Late 1980s/Early 1990s

United Properties launches brokerage and leasing, property management, and construction services for third parties launched in response to changing investment/development market.

1990s

Expands into developing and owning grocery-anchored shopping centers in the Upper Midwest, eventually acquiring eight centers.

1993-2008

Boyd Stofer was president and CEO, and then serves 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.

1995

Becomes largest brokerage and property management practice in the Twin Cities.

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.

2001

Establishes United Properties Residential and Applewood Pointe senior housing cooperatives’ first location in Roseville.

2003-2007

Focuses on historic renovation with purchase and restoration of landmark buildings in Minneapolis’ North Loop: the Ford Center and Loose Wiles Biscuit Factory.

2004

Receives National Developer of the Year Award from NAIOP, the commercial real estate industry’s trade association. United Properties wins the award in recognition of our Centennial Lakes Office Park development.

2005

Extends operation into Colorado with investment, development, and portfolio management for retail, office, and industrial properties.

2008

Reorganizes to create distinction between third-party services (Cushman Wakefield Northmarq) and investment and development (United Properties).

2008

Frank Dutke is named CEO after many years of leading the investment and development business.

2009

Strengthens industrial portfolio with acquisition of 700,000 sq. ft. industrial park, Enterprise Business Center.

2013

Increases presence in Colorado with development of multi-phase industrial park with more than two million square feet.

2014

Ranks first on Minneapolis/St. Paul Business Journal’s Top Developer List.

2015

Continues multi-phase developments as an investor with second phase of Penn & American, a mixed-use project with apartments, hotel, and retail space.

2015

Receives NAIOP Colorado’s Industrial Developer of the Year Award for Enterprise Business Center.

2015

Co-leadership forms with Eva Stevens and Bill Katter named as presidents.

2015

Ranks first on Minneapolis/St. Paul Business Journal’s Top Developer List.

2016

Commemorates 100th year in operation.

Ranks first on Minneapolis/St. Paul Business Journal’s Top Developer List.

2017

Enters the senior housing market in Florida

International Toby Award Winner: Suburban Office Park (mid-rise category), Centennial Lakes Office Park