Colorado Real Estate Journal

March 17, 2017

By Jill Jamieson-Nichols

Swisslog Healthcare Solutions is preparing to move its North American headquarters from Denver to Broomfield. The company reportedly is working with United Properties to develop an approximately 56,000-square-foot building at Interpark, located at West 112^th Avenue and Main Street.

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Denver Business Journal

March 3, 2017

By Molly Armbrister

With record-low vacancies driving up rents, developers are eager to put up new industrial complexes. But they face soaring land and construction prices.

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United Properties, together with its project partner Nationwide Housing, hosted a ribbon cutting ceremony and open house at Kenwood Village, Duluth’s new mixed-use development. Kenwood Village is a community of apartments and retail outlets, including Caribou Coffee, Einstein Bros. Bagels, a Duluth Teachers Credit Union branch and Crooked Pint Ale House. The ribbon cutting was attended by a small gathering, including Duluth Mayor Emily Larsen. At Open House time, approximately 26% of the apartments have been leased. Several residents have already moved into their new apartments.

In the heart of Minneapolis, roots don’t grow much deeper than those found at 700 Nicollet Mall, the location of the recently closed (and long-cherished) Macy’s department store. United Properties clearly demonstrated our commitment to creating deep roots as we announced our role for the building’s redevelopment in early March.

United Properties was selected by New York-based 601W Companies, the national developer who recently purchased the Macy’s building as its first Twin Cities acquisition. In this role, we will invest in the project, while providing locally based development and repositioning to the ownership group. Other partners involved in the repositioning of the Macy’s building include Chicago-based The Telos Group as redevelopment consultant and office marketing lead, Gensler as the lead architect, and Transwestern as management agent. Additional local partners are expected to be announced in the coming weeks.

“We are very pleased to be working on this important mixed-use development in downtown Minneapolis,” said Bill Katter, president and chief investment officer. “Together, this highly-qualified, veteran partnership will ensure the redevelopment not only serves, but also enhances the downtown community.”

The significance of this property’s redevelopment is certainly an important one for downtown Minneapolis. The team is looking forward to having a bird’s eye view from our new offices at 651 Nicollet Mall as renovation of the building takes place.