1/8/2020 - Founders Properties Asset Manager, Nick Trevena, Earns CCIM Designation

​Founders Properties, L.L.C announced today that asset manager Nick Trevena has earned his Certified Commercial Investment Member (CCIM) designation. This accomplishment recognizes Trevena's expanded knowledge, experience and commitment to providing strategic asset management services for private real estate partners in the industrial, office and retail-mixed-use sectors. It also positions him ...

12/18/2019 - Opus sells new Edina apartments for $69M

Nick Halter, MSP Business Journal

The Opus Group has sold The Loden, a 246-unit apartment building near highways 169 and 62 in Edina. The buyer is two funds managed by Boston-based Eaton Vance Real Estate Investment Group. An electronic certificate of real estate value said Eaton Vance paid $68.7 million for the property, which includes $1.1 million worth of furniture, fixtures and equipment. The sale price works out to $279,00...

12/16/2019 - Xcel headquarters, 510 Marquette buildings sold in downtown Minneapolis

Mark Reilly, MSP Business Journal

Two downtown Minneapolis office buildings — one just a few years old, the other with roots dating back almost a century — sold last week in separate deals.The Star Tribune, citing an electronic certificate of real estate value filed Friday, reports on the $108 million sale of part of the corporate headquarters of Xcel Energy Inc. to an affiliate of Sentinel Real Estate Corp., a New York City-ba...

11/14/2019 - Founders Properties Executive, Janet Ost, Recognized as a 2019 Top Women in Finance Honoree

​Founders Properties, L.L.C announced today that Janet Ost was recognized as a 2019 Top Women in Finance honoree in Minnesota by Finance & Commerce. Ost, vice president of finance and administration at Founders, has been with the company for nearly 35 years and is responsible for business management and reporting of the various entities managed by Founders Properties. “Since her early days at F...

11/1/2019 - Founders Properties, L.L.C. Expands Fifth Real Estate Investment Fund with Fourth Acquisition in Rogers and Brooklyn Park, Minnesota

Founders Properties, L.L.C. announced the purchase of two industrial manufacturing facilities located in Rogers and Brooklyn Park, Minn., marking the fourth acquisition in the company's newly launched Income Fund V, which focuses on stable, core and core+ industrial and office properties throughout the United States.  “This recent acquisition further diversifies our existing portfolio of invest...

10/14/2019 - CBRE helps close sale of 93,000-square-foot office property near Columbus

Staff Writer, RE Journals

CBRE recently represented Founders Properties, L.L.C. in the sale of 600 N. Cleveland at Westar Place, a 93,519-square-foot office building in Westerville, Ohio, to Amcor Holdings of Montreal, Canada.Sonja Dusil, Ryan Watts, Judd Welliver, Tom Holtz and Bentley Smith of CBRE Minneapolis and Donald Roberts of CBRE Columbus represented Founders Properties, L.L.C. in the transaction.“Columbus has ...

10/8/2019 - Founders Properties, L.L.C. Continues Growth of Office Portfolio with Recent Acquisition in Columbus, Ohio

Founders Properties, L.L.C. announced the purchase of two Class A office buildings – One & Two Easton Oval – in Easton Town Center, a master-planned community with premier shopping, dining, and entertainment in Columbus, Ohio.  “This recent acquisition in a key Midwest growth market directly aligns with our investment strategy centered on an overall goal of portfolio diversification, in-depth k...

8/29/2019 - Founders Properties, L.L.C. Launches Income Fund V

Founders Properties, L.L.C. Launches Fifth Real Estate Investment Fund to Further Expand its Offerings in Growth MarketsFounders Properties, L.L.C. announced the purchase of three properties as part of the company's newly launched Income Fund V, which focuses on stable, core and core+ industrial and office properties throughout the United States. Income Fund V will target $80-$125 million worth...

7/29/2019 - CBRE sells Amkor Technology HQ in ASU Research Park

AZRE, AZ Big Media

CBRE announced the sale of a 97,504-square-foot office property in Tempe, Arizona’s Arizona State University Research Park that serves as Amkor Technology’s corporate headquarters. Phoenix-based Strategic Office Partners, which is owned by TPG Real Estate Partners, purchased the property from Founder’s Properties, L.L.C. of Minnetonka, Minn. Barry Gabel, Chris Marchildon and Will Mast of CBRE i...

6/24/2019 - Minneapolis' Founders Properties names VP of investments and acquisitions

Staff writer, RE Journals

Chris Courneya has been promoted to vice president of investments and acquisitions at Minneapolis-based Founders Properties, L.L.C. Courneya will continue to be responsible for acquiring new industrial and office properties to expand Founders Properties' investment portfolio. He will also provide support on dispositions and joint ventures. Before joining Founders Properties, Courneya spent five...

5/14/2019 - Firm started by Best Buy founder grabs Raleigh office buildings

Cliff Barnes, Minneapolis/St Paul Business Journal

​Founders Properties, the real estate firm founded by Best Buy Co. Inc. founder Richard Schulze and the late Opus Corp. founder Gerald Rauenhorst, has bought an office complex in North Carolina. The Spring Forest Business Center – located at 3100 and 3200 Spring Forest Road in Raleigh, N.C. – fetched $22.25 million in the sale. Founders' recently formed...

3/20/2019 - JLL Closes $10.06 Million Sale in Unique Arizona Medical Submarket

staff writer, Commercial Executive Magazine

Phoenix, Ariz. – On behalf of James Greaves with G2 Capital, JLL has completed the $10.06 million sale of 5416 E. Baseline Rd., a two-story, 63,834-square-foot Class A office building located within Inverness Commons Business Park, in the hub of Mesa, Arizona’s booming Higley Road medical corridor. Submarket stability, combined with recent and extensive renovations, have the building 92 percent...

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