UNITED PROPERTIES SECURES LEASE WITH ENVIRONMENTAL RESOURCE ASSOCIATES FOR OFFICE FLEX BUILDING IN COORS TECHNOLOGY CENTER

Laboratory standards company to move into Golden, Colo. business park in late 2011

DENVER (May 23, 2011) — United Properties announces that it has signed a lease with Environmental Resource Associates (ERA) for its office flex building at 16341 Table Mountain Parkway in Golden, Colo. The laboratory standards company will move into the 65,000-sq.-ft. building in late 2011 to expand beyond its current space in Arvada.

Landlord United Properties was represented by its brokers Fred Baker and Bob Smith, and CB Richard Ellis’ Jim Bolt and Jeremy Kroner. David McCagg of UGL Services represented ERA. Pinkard Construction Company will carry out interior improvements to the building on behalf of the new tenant.

“We are excited to welcome ERA as our new tenant and business partner; we look forward to the group’s move-in later this year,” said Rob Loftus, asset management, United Properties.

Located at the base of Table Mountain in Golden, the building is the newest within Coors Technology Center, a 375-acre, master-planned business park. This building is the first to be completed with United Properties and the vacant land inventory of Ojala & Company, a United Properties company. This transaction comes on the heels of the sale of two contiguous vacant industrial lots totaling 2.5 acres within Coors Technology Center.

About United Properties
United Properties, based in Minneapolis, Minn., specializes in commercial real estate development and investment. Since 1975, United Properties has provided development services for the retail, residential, office, medical and industrial sectors. In addition to a large presence in the Minneapolis-St. Paul market, United Properties’ Colorado division develops retail, office and flex office buildings. Formed in 1916, the United Properties investments group acquires, manages, finances and disposes of the company’s real estate investments, which includes nearly 60 office, medical, industrial and retail assets in Minnesota, Wisconsin and Colorado. For more information, visit www.uproperties.com.

Media Contacts
Martha Nevanen
Vice President, Marketing Communications
952-893-7539
martha.nevanen@marquettere.com

Jessie Folkens
Sr. Communications Consultant
952-837-8516
jessie.folkens@marquettere.com