MINNEAPOLIS (March 6, 2013) – United Properties announced today that it will develop two new retail locations for Caribou Coffee in Anoka and Oakdale, Minn. Both freestanding locations will be approximately 1,800 sq. ft. and include a drive-through.
The new Anoka Caribou Coffee will be located at the northwest corner of Ferry Street and Main Street; the new Oakdale Caribou Coffee will be located at the northeast corner of Highway 36 and Century Ave. Construction on both locations will begin in April 2013.
“We’re very excited to be working with Caribou Coffee on these two build-to-suit projects, and we look forward to future projects with them,” said Keith Ulstad, senior vice president of development at United Properties.
Tricia Pitchford, Ned Rukavina and David Daly of Cushman & Wakefield/NorthMarq represented Caribou Coffee in both transactions. Architecture firm Rylaur, LLC has been selected for both developments. Carlson McCain provided environmental consulting for both developments, as well as project engineering services for the Oakdale development. Hakanson Anderson Associates, Inc. provided engineering services for the Anoka development.
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 properties as well as office and industrial 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.