AUTHORED BY COLE STERR

The aging process is a time of new discovery. Despite the limitations aging may inflict upon us, we have more opportunities to experience the joys of life for a more fulfilled and unburdened lifestyle. At United Properties, we embrace those joys of aging through exceptional care and programming at our Cherrywood Pointe (CWP) memory care and assisted living communities.

Every month at the Cherrywood Pointe operations meetings, heartfelt stories of the residents and their experiences with the senior living community are shared. Last month, we received a special mission moment from John who was touched by the care for his mother from the Cherrywood Pointe staff in Plymouth, MN.

John’s CWP Experience
John noticed that the Cherrywood Pointe staff strived to help his mother embrace the joy of aging. “Her health was failing by the day, but they did absolutely everything that they could to lift her up…to help her enjoy every day, despite the challenging situation.” He also explains that the whole CWP staff – including nurses, administrators, building maintenance, chefs and assistants – knew his mom, not just her immediate care team.

The Cherrywood Pointe staff also ensured his mother, as well as John himself, became part of the Cherrywood Pointe family. From Easter celebrations in common rooms to small family gatherings, the Cherrywood Pointe staff made sure that John and his family were always taken care of.

“The Cherrywood Pointe team appreciated my mom for who she was … They saw a strong, successful and beautifully humble human being,” explains John. He also goes on to say that Cherrywood Pointe became an extension of his mother’s family and for that, he is “forever grateful.”

Ray Oborn, president of Cherrywood Pointe Investments, emphasizes the importance of this mission moment. “It’s a powerful reminder that in this business, our buildings become the residents’ home and the Cherrywood Pointe team members part of the residents’ family,” says Oborn.

Here at United Properties and Cherrywood Pointe, we put our residents at the forefront of our mission, and we’re happy to do that. We’re even happier when we know that our care and mission execution has strengthened a family – and a community.

And we’ll continue doing just that with all our senior living communities so that the joy of aging can be embraced.

To learn more about Cherrywood Pointe, visit cherrywoodpointe.com

Phase I complete; Phase II on track to open spring 2019

MINNEAPOLIS, (December 4, 2018)  – United Properties announced today that Phase 1 of the Prime Therapeutics’ LLC (Prime) new IT and operations campus, located at Interstate 494 and Dodd Road in Eagan, is now complete; Phase 2 is underway and on track with occupancy set to begin spring 2019. The 47-acre site overlooking Lake Shanahan is home to the new facility known as Prime Landing which will consolidate four of Prime’s current office locations in Minnesota. Prime is a pharmacy benefit manager serving 22 Blue Cross Blue Shield plans nationally.

“We are proud to partner with Prime Therapeutics on Prime Landing and pleased that approximately 900 employees have already found a new home in the Phase 1 portion of the project,” said Gordy Stofer, vice president, development, United Properties. Phase 2 occupancy is set to begin in the spring of 2019 – a full five months ahead of schedule.

Once completed, the entire facility will span nearly 400,000 sq. ft., offering state-of-the-art office spaces for employees of the growing pharmacy benefit management company.

Representing one of the largest office projects built in the Twin Cities this year, Prime Landing features a flexible, light-filled office environment with numerous conference rooms and meeting space options to promote internal mobility and collaboration. It also includes a meeting center featuring a 300+ seat auditorium for employee meetings; a fully-equipped fitness center and outdoor walking paths with views of Lake Shanahan; and a full-service cafeteria offering healthy, artisan food, a Caribou Coffee and visiting chain food options, with an expansive dining area and deck overlooking Lake Shanahan.

“The Prime development is part of the exciting and explosive growth happening in this area of Eagan,” Stofer noted. “This is a great example of United Properties’ ability to work on large, complex projects with a discerning client like Prime Therapeutics, and we are proud to support them as they consolidate four separate locations into this new, state-of-the-art facility at Prime Landing.” The final phase of the project will be completed in early 2020.

The project team includes:

• United Properties, lead developer
• HGA, architect and engineer
• R.J. Ryan Construction, general contractor – core and shell construction
• Greiner Construction, general contractor – tenant build out construction, and
• CBRE – investment sale brokers

MINNEAPOLIS, (November 27, 2018)  – United Properties has promoted Chief Financial Officer Eric Skalland to chief financial and administration officer, and Janelle Hielscher has joined the firm as the new vice president of accounting, it was announced today.

“Eric’s promotion recognizes his many talents and contributions to United Properties over the years,” said Bill Katter, president of United Properties Development. “Eric has consistently excelled at every assignment since he joined United Properties, and we are pleased that he will add these significant responsibilities to his leadership role. He is a trusted advisor with a deep understanding of both the investment and development businesses.”

Skalland will assume responsibility for managing the internal shared services teams that support both the development and investment groups of United Properties, including human resources, operations and administration, accounting, IT and risk management. In this role he will report to Bert Colianni, chief executive officer, Marquette Companies.

Skalland began his career with United Properties in 2007 as assistant controller, advancing to controller, chief accounting officer and most recently, chief financial officer. Prior to joining United Properties, he served as a senior financial analyst at CBS Radio, Inc., and as a senior associate with accounting firm Grant Thornton. Skalland holds a Bachelor of Science degree in accounting from the University of Minnesota – Carlson School of Management and is a Certified Public Accountant (CPA). He lives Maple Grove with his wife and daughter.

Janelle Hielscher named VP, accounting
Janelle Hielscher has joined United Properties as its new vice president of accounting, reporting to Skalland.

Hielscher began her career at RSM, spending nine years in the assurance services group. After leaving RSM, she spent a year as the director of corporate accounting at Walser Holding Company and most recently served for two years as the vice president of accounting at Sherman Associates. In her new role for United Properties, she will oversee accounting functions for the firm, and report to Skalland.

“Janelle brings a strong background in accounting and leadership,” said Skalland. “We are excited to have her join the United Properties team.”

Hielscher holds a Bachelor of Science degree in accounting from Winona State University and is also a CPA. She lives in Maple Grove with her husband and two dogs.

MINNEAPOLIS, (November 14, 2018)  – Matt Van Slooten joins United Properties today as co-president and chief investment officer of United Properties Investment LLC (UPI). Van Slooten will replace Eva Stevens, who will work with Van Slooten to ensure a smooth transition before she retires in December.

Most recently, Van Slooten served as president of commercial properties for CSM Corporation. Prior to that, he spent 25 years with Carlson Real Estate Company, advancing to the role of president, a post he held for thirteen years.

As co-president, Van Slooten will share responsibility for United Properties with co-president Bill Katter, who also serves as president and chief investment officer of United Properties Development (UPD), for leading and guiding the combined United Properties organization into the future. As chief investment officer for UPI, Van Slooten will be responsible for all aspects of portfolio and asset management of the company’s stable portfolio which represents more than 7 million sq. ft. across several markets, including Minnesota, Colorado, Wisconsin and Florida.

“Following a thorough national search, we are delighted that Matt will join United Properties in this critically important role,” said Bert Colianni, chief executive officer of Marquette Companies, LLC, a Pohlad holding company that owns UPI. “Matt brings many years of outstanding commercial real estate investment experience to United Properties, and we are confident he has the complementary skills and vision to partner with Bill to chart United Properties’ course into the future.”

“I am delighted to welcome Matt to United Properties and look forward to working closely with him and the entire United Properties team on our many exciting projects in the days, months and years ahead,” said Katter.

VERO BEACH, (August 23, 2018)  – Watercrest Senior Living Group and United Properties announce their partnership’s second senior living development in the groundbreaking of Watercrest Sarasota Senior Living Community. Walker and Company will begin construction of the 198-unit, luxury senior living campus this fall, with scheduled completion in Summer 2020.

Ideally located at 4141 Desoto Rd, Watercrest Sarasota will be a signature Watercrest product, offering 72 independent living, 96 assisted living and 30 memory care apartments with resort-style service and world-class care. The architecture and design will boast a stunning promenade, fireplace, signature water wall, multiple dining options, pool, salon and spa, grand balconies, and Florida-style outdoor living spaces. Watercrest’s uniquely designed Market Street Plaza will showcase an ‘outdoor’ streetscape with numerous LifeBUILT programming touches; a highlight and crucial element of their multi-sensory memory care programming.

“As one of the nation’s most desirable places to live, Sarasota provides the idyllic setting for our signature Watercrest senior living community,” says Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group. “We are offering an unparalleled experience which mirrors the upscale amenities and enriching lifestyle seniors are accustomed to enjoying while ensuring their safety through exceptional standards of care.”

With multiple senior living communities in development across the southeast, Watercrest principals, Marc Vorkapich, CEO, and Joan Williams, CFO, are setting new standards of quality for seniors and their families in the development of upscale senior living communities. This is the second senior living development project partnered between Watercrest and United Properties. Their first project, Watercrest Naples Assisted Living and Memory Care is currently under construction and on schedule to welcome residents in Summer 2019.

“It’s gratifying to see the synergies between United Properties and Watercrest build as our partnership evolves,” said Ray Oborn, president of Cherrywood Pointe Investment. “Together, we’re committed to excellence in creating inspired communities where seniors can find joy in aging.”

Founded in 1916 and based in Minneapolis, United Properties has developed nearly 200 projects totaling more than 20 million square feet and nearly $1 billion over the last 30 years, including 17 senior housing communities in the Minneapolis/St. Paul, Denver and Naples markets, with five more under development.

“United Properties is pleased to have the opportunity to serve seniors in our second community in Florida,” said Mike Dailey, senior vice president of development for United Properties. “We look forward to completing this signature project and expanding our senior housing program that provides homes to many.”</p

Watercrest Senior Living Group specializes in the development and operations of assisted living and memory care communities, market repositioning and advisory services, and the growth of servant leaders. For information, visit www.watercrestslg.com

Company plans search for a replacement

MINNEAPOLIS, (June 28, 2018)  – Eva Stevens, president of United Properties Investment (UPI) and chief operating officer, says she will retire as of Dec. 31, 2018, ending a 17-year tenure with the company and a 40-year career as a trailblazer in the commercial real estate industry.

Since beginning her commercial real estate career in 1978, Stevens has been a standout professional, rising through the ranks and succeeding at a time when few women led commercial real estate firms.

Since 2015, Stevens, 63, has co-led United Properties with Bill Katter, president of United Properties Development and chief investment officer. In her role as president and chief operating officer of UPI, Stevens is directly responsible for portfolio and asset management of United Properties’ 7 million sq. ft. of owned assets. She also oversees all aspects of company operations, including accounting, financial analysis, insurance, IT, governance, administration and human resources and is a member of the Investment Committee and the Board of Governors.

“Eva has been an outstanding leader in our organization since day one,” said Bert Colianni, CEO, Marquette Companies, LLC, the Pohlad family company that in turn owns UPI. “We look forward to her continuing leadership and guidance as we move into the second half of an important year for United Properties. And, when the time comes, we will wish her well in her retirement.” The company plans to search for a replacement, he said.

“I have loved working closely with Eva on all aspects of United Properties as co-presidents,” Katter said. “She is one of best and brightest commercial real estate leaders in the country today, and it will be difficult to find someone who can fill her shoes.”

Within United Properties, Stevens has led a number of innovative initiatives designed to drive productivity, increase transaction efficiency and reduce financial risk. A natural teacher, she has been a champion for developing the next generation of leaders for the organization as well as mentoring many outside of UPI.

When Stevens joined the real estate industry and didn’t see many women at industry events, she joined a small women’s networking group – Women in Real Estate – that still meets monthly to this day. She has been an active member of NAIOP, having served for several years on boards and committees at both the local and national levels. The NAIOP Minnesota chapter honored Stevens with the 2014 President’s Award, the association’s highest honor for individuals.

In the Twin Cities community, Stevens has parlayed a personal experience fighting cancer into a mission of helping others. A 29-year breast cancer survivor, she led the charge in the real estate community to help build Gilda’s Club Twin Cities, serving as a member of the Board of Directors and chair of the Clubhouse Committee. Today she continues her board involvement with Gilda’s Club Twin Cities, and recently joined the board of CommonBond Communities.

“I have absolutely loved my job, the company and, most of all, my colleagues at United Properties,” Stevens said. “But it’s time for me to make room for the next generation of leaders ready to embrace rapid change in our industry with curiosity, agility and energy. I look forward to spending more time with my family and nurturing my interests outside of work.” She is looking forward to continuing her nonprofit board work; fishing with her dad; riding her horse, Doogin; and spending time with her husband, Dick, as he builds their new home in Ely, Minnesota.

MINNEAPOLIS, (May 31, 2018)  – Renovation work on the historic Kickernick building in the Warehouse District of downtown Minneapolis kicked into full gear this spring with an extensive lobby renovation plan.

The overall renovation of the 150,000-sq.-ft. building calls for a historic renovation to enhance its existing brick and timber construction and return its historic charm. Building renovation plans include the removal of non-original dropped ceilings and drywall to expose original materials, as well as the addition of a new lobby area, new elevators, and newly renovated bathrooms and common corridors. The new lobby atrium will be filled with open seating and collaboration stations and feature a more prominent entryway off First Avenue. Bike storage and showers will also be added to the first floor.

Renovations will be complete in Q3 2018. To date, the sixth floor renovation has been completed, with 22,108 sq. ft. of office space – the entire floor – available for leasing now.

“This renovation gives us a rare opportunity to imagine new possibilities for a historic building that has been a part of the Minneapolis skyline for a century,” said Gordy Stofer, vice president of office development at United Properties. “Kickernick has its own compelling character, which is impossible to recreate, and our renovation simply enhances that character, adding creative and appealing new office spaces that are unique to Minneapolis.”

Kickernick is located in the downtown Minneapolis Warehouse District at 430 N. First Ave., with convenient access to downtown, Target Field, the Warehouse District and light rail. At 150,000 sq. ft., the building is 75 percent occupied with existing office and retail tenants, and retail/restaurants on the main floor, including Brothers Bar & Grill.

“We’ve had great success with other renovations of historic buildings in Minneapolis, including the Ford Center and Loose-Wiles,” said Stofer. “Similarly, the Kickernick building has a rich architectural history that we look forward to celebrating with this renovation. It is also part of our ongoing commitment to help maintain the relevance of historic buildings in the Warehouse District and North Loop.”

The seven-story Kickernick building was constructed in 1896 and was originally home to the North Star Boot & Shoe Company for use as a factory and warehouse; an addition was built in 1902. The building was later occupied by lingerie company Kickernick, giving it its current name.

In addition to United Properties and Second City Real Estate, the project team includes architect Studio BV, general contractor Mission Construction, Inc. and leasing agent Transwestern.

About United Properties
United Properties has been creating deep roots in the commercial real estate industry for 100 years. The company imagines new possibilities in real estate to help strengthen communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with an office in Denver. For more information, visit www.uproperties.com or follow on Twitter at @UPDeepRoots.

MINNEAPOLIS, (May 31, 2018)  – Renovation work on the historic Kickernick building in the Warehouse District of downtown Minneapolis kicked into full gear this spring with an extensive lobby renovation plan.

The overall renovation of the 150,000-sq.-ft. building calls for a historic renovation to enhance its existing brick and timber construction and return its historic charm. Building renovation plans include the removal of non-original dropped ceilings and drywall to expose original materials, as well as the addition of a new lobby area, new elevators, and newly renovated bathrooms and common corridors. The new lobby atrium will be filled with open seating and collaboration stations and feature a more prominent entryway off First Avenue. Bike storage and showers will also be added to the first floor.

Renovations will be complete in Q3 2018. To date, the sixth floor renovation has been completed, with 22,108 sq. ft. of office space – the entire floor – available for leasing now.

“This renovation gives us a rare opportunity to imagine new possibilities for a historic building that has been a part of the Minneapolis skyline for a century,” said Gordy Stofer, vice president of office development at United Properties. “Kickernick has its own compelling character, which is impossible to recreate, and our renovation simply enhances that character, adding creative and appealing new office spaces that are unique to Minneapolis.”

Kickernick is located in the downtown Minneapolis Warehouse District at 430 N. First Ave., with convenient access to downtown, Target Field, the Warehouse District and light rail. At 150,000 sq. ft., the building is 75 percent occupied with existing office and retail tenants, and retail/restaurants on the main floor, including Brothers Bar & Grill.

“We’ve had great success with other renovations of historic buildings in Minneapolis, including the Ford Center and Loose-Wiles,” said Stofer. “Similarly, the Kickernick building has a rich architectural history that we look forward to celebrating with this renovation. It is also part of our ongoing commitment to help maintain the relevance of historic buildings in the Warehouse District and North Loop.”

The seven-story Kickernick building was constructed in 1896 and was originally home to the North Star Boot & Shoe Company for use as a factory and warehouse; an addition was built in 1902. The building was later occupied by lingerie company Kickernick, giving it its current name.

In addition to United Properties and Second City Real Estate, the project team includes architect Studio BV, general contractor Mission Construction, Inc. and leasing agent Transwestern.

Retail pad sites round out industrial developments, creating new “next gen mixed-use” projects

DENVER, (May 29, 2018)  – United Properties is finding success with single-tenant build-to-suit projects, making it one of the most active retail developers in the Denver area. Over the past 18 months, United Properties has built a pipeline of 20 acres of retail, primarily through the combination of developing of free-standing retail pad sites along the perimeter of larger industrial developments.

“Based on my background developing retail centers I have always been drawn to sites that offer excellent visibility and access along major commercial arterials. Most industrial tenants also want convenient access to major thoroughfares as well, so it turns out that retail and industrial generally want similar site attributes but at a different scale” said Kevin Kelley, executive vice president of Denver commercial development at United Properties.

This growth area for the commercial real estate development company reflects shifts in both retail and industrial development trends.

“We’re calling this the ‘next gen mixed-use,’ which are sites that blend light industrial, office and retail in one development,” said Alicia Rhymer, vice president of retail development at United Properties. “Workers want more convenience, and retailers want to be where the customers are – we just put the two of them together,” said Rhymer.

United Properties has three current projects at various stages of development that reflect this next generation of mixed-use developments.

Coming Soon: United Properties recently closed on a site at 38^th Avenue and Tower Road in Aurora to develop Tower Business Center; three acres of the site will be used for retail pad sites, complementing 450,000 sq. ft. of industrial space. 7-Eleven and Ronny’s Car Wash have each signed on for one-acre pad sites at this location. An additional pad is still available.

Under Construction: Enterprise Business Center (EBC), located at East 40^th Avenue and Central Park Boulevard in Stapleton, features 3.3 acres of retail in front of this large flex/industrial development. Retail tenants for this site will include a drive-thru Starbucks, Cheba Hut, F45 Training, Fuzzy’s Taco Shop and a New Horizon Academy. The retail component of EBC is slated to be complete in September 2018.

Moving In: In April, 7-Eleven and Swisslog moved into United Properties’ Interpark development, a flex/industrial project that will comprise 240,577 sq. ft. across two buildings once it’s completed in 2018. Located just off US-36 in Broomfield, the project is United Properties’ first development in the northwest corridor. Five acres of additional retail pads are still available. More information at www.interparkbroomfield.com.

At 87^th Parkway and Indiana Street in Arvada, United Properties is currently developing more than six acres of commercial land, consisting of 7-Eleven and Starbucks, to be completed July 2018. Nearly four acres of additional retail pads are still available.

MINNEAPOLIS, (April 9, 2018)  – RBC Wealth Management today announced the latest investment in its U.S business: a new, signature U.S. headquarters building in downtown Minneapolis.

The firm, which employs more than 5,000 people across the country, including 1,500 in the Twin Cities, signed a lease at United Properties’ 33-story, one million sq. ft. mixed-use Gateway development, located on 3^rd Street South, between Nicollet and Hennepin Avenues. The development gives a nod to the historically named Gateway District, the “gateway to Minneapolis,” which is centered at the convergence of Hennepin, Nicollet and Washington Avenues.

“The city of Minneapolis has been our home for many decades and we look forward to continuing to build our legacy here,” said Michael Armstrong, CEO, RBC Wealth Management – U.S. “Our move to our future home — a sustainably built, state-of-the-art building — will be a symbol of our firm’s growth and commitment to the wealth management business in the U.S.”

Under terms of the agreement, RBC will occupy approximately 310,000 sq. ft. of space in Gateway, which also includes residential condos, a five-star hotel, a fitness center and outdoor pool, street-level retail, underground parking and a private outdoor terrace for RBC colleagues. Building plans also include connectivity to the Skyway system.

“We are honored that RBC has selected Gateway as its new corporate home, and we look forward to working closely with them in the months ahead to deliver an iconic headquarters befitting of their stature as a financial industry leader,” said Bill Katter, president and chief investment officer, United Properties.

“Today’s announcement marks a significant development for this landmark project in downtown Minneapolis, and we are moving forward with confidence on the next steps of the planning process,” Katter said.

Next steps in the planning process include completing the project design and receiving full project approval during the summer of 2018. Katter said he expects construction to begin spring 2019.

The 1,500 Minneapolis RBC Wealth Management-U.S. and RBC Capital Markets employees currently located at RBC Plaza will remain there until the new headquarters location is ready in 2021.

About RBC Wealth Management-U.S.
In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Capital Markets, LLC is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges. RBC Wealth Management has $348 billion in total client assets with approximately 1,800 financial advisors operating in 200 locations in 40 states.

Mixed-use development to feature Minneapolis Fillmore Theater and Element by Westin hotel

MINNEAPOLIS, (April 4, 2018)  – United Properties has started construction on Target Field Station, its fifth project in Minneapolis’ North Loop neighborhood. The 150,000-sq.-ft. building will feature a Fillmore Theater and Element by Westin hotel. The project is expected to be completed fall 2019.

United Properties’ mixed-use development will cap the company’s commercial real estate development activities in the Target Field Station area, which includes the Ford Center, Be the Match headquarters and Caribou Coffee. The .74-acre site is adjacent to Target Field and a central light rail station.

An official groundbreaking ceremony is being scheduled for May 2018.

“We’re pleased to begin construction on Target Field Station, a new development that will bring an iconic music venue and hotel to the Twin Cities,” said Rick McKelvey, vice president of development, United Properties. “We envision Target Field Station as the destination for people coming to the theater, coming to see a baseball game, or simply looking for a convenient place to stay while visiting our city for family or business purposes.”

United Properties is working with Live Nation’s House of Blues Entertainment division to bring a Fillmore Theater to its mixed-use development at Target Field Station. The Minneapolis Fillmore Theater will occupy 36,000-sq.-ft. and feature an intimate, 2,000-guest-capacity venue for music performances.

United Properties is also working with Lion Hotel Group to develop a 156 room Element by Westin hotel above the Fillmore Theater. Element hotels serve both transient and extended stay guests. The hotel incorporates sustainable design features and eco-friendly practices. Spacious guestrooms have fully-equipped kitchens, spa-inspired bathrooms and the Signature Heavenly^® Bed. The hotel’s public spaces include a large fitness center, meeting room, and rooftop patio with a fire pit and exciting views of downtown.

The Minneapolis Fillmore will join seven other Fillmore theaters in the U.S. The interior will reflect the iconic Fillmore Theater in San Francisco, a legendary venue that opened in 1954 and holds a special place in rock history. The space will feature the Fillmore’s trademark ambiance, including a prominently featured chandelier in the center of the hall. The Minneapolis Fillmore is expected to host approximately 150 shows per year with an annual attendance between 150,000-200,000.

Project partners include Tushie Montgomery Architects and Weis Builders. Kim Meyer and Deb Carlson of Cushman & Wakefield represented Live Nation in the lease negotiations.