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

1865

02/21/1865

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.

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1916

02/21/1916

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

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1919

02/21/1919

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.

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1937

1937

02/21/1937

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

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1960

02/21/1960

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

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1967-1972

02/21/1967

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

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1972-1995

02/21/1972

Ken Stensby heads the company. Stensby is also instrumental in starting the Minnesota Chapter of NAIOP and later served on the national board.

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1975

02/21/1975

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

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1980s

02/21/1980

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

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1988

1988

02/21/1988

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.

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Late 1980s/Early 1990s

02/21/1989

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

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1990s

02/21/1990

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

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1993-2008

1993-2008

02/21/1993

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.

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1995

02/21/1995

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

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1998

02/21/1998

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.  

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2001

02/21/2001

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

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2004

02/21/2004

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.

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2004

03/28/2004

NAIOP: National Developer of the Year

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2005

02/21/2005

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

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2005

03/28/2005

BOMA Trendsetters Award: United Properties and TIAA-CREF MSP Business Journal Best Places to Work recipient NAIOP Award of Excellence:  Career Education Corp. NAIOP Award of Excellence: TriaOrthopedic

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2006

03/28/2006

NAIOP Award of Excellence: Le Cordon Bleu NAIOP Award of Excellence: Tria Orthopedic

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2003-2007

02/21/2007

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

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2007

03/28/2007

MSP Business Journal Best Places to Work honoree 

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2008

02/21/2008

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

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2008

2008

02/22/2008

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

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2008

03/28/2008

Construction Management Association of America, Best Renovation Project: France Place 

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2009

02/21/2009

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

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2010

03/28/2010

AIA Minnesota, Merit Award: Park Nicollet Melrose Institute Finance & Commerce Top Project: Applewood Pointe of Bloomington at Southtown Finance & Commerce Top Project: Staring Lake, Phase II NAIOP Minnesota Award of Excellence: Park Nicollet Melrose Institute NAIOP Minnesota Top Office Multi-Development: Normandale Lake Office Park

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2011

03/28/2011

TOBY Award Winner: Northland Center

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2012

03/28/2012

Minnesota Real Estate Hall of Fame inductee: Boyd Stofer MSCA Star Award: Penn & American MSP Business Journal Best in Real Estate Award: Ford Center

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2013

02/21/2013

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

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2013

03/28/2013

Midwest Real Estate News, Best of the Best Top Owners Real Estate Forum, Midwest Real Estate Icon: Frank Dutke MSP Business Journal Top 25: Real Estate Developer NAIOP Award of Excellence: Ford Center

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2014

02/21/2014

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

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2014

03/28/2014

MSP Business Journal Top 25: #1 Real Estate Developer Best in Real Estate winner: Be the Match/National Marrow Donor Program NAIOP Minnesota President’s Award: Eva Stevens

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2015

02/21/2015

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

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2015

02/22/2015

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

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2015

2015

02/23/2015

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

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2015

2015

02/24/2015

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

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2015

03/28/2015

MSP Business Journal Top 25: #1 Real Estate Developer Minnesota Business (Real) Power 50 Award: Bill Katter NAIOP Colorado Top Industrial Development of the Year: Enterprise Business Center, Phase I TOBY Award Winner: Ford Center TOBY Award Winner: Tria Orthopedic

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2016

02/21/2016

Commemorates 100th year in operation. Ranks first on Minneapolis/St. Paul Business Journal’s Top Developer List.

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2016

03/28/2016

MSP Business Journal Top 25: #1 Real Estate Developer

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