Making lives better by making buildings better.

HEMPEL acquires, develops, and redevelops commercial real estate throughout the Midwest. Our expertise in turnaround projects adds value for tenants, neighborhoods, and cities. We provide more than just commercial real estate services: we breathe new life into properties.

Creating value.

Transforming communities.

What we do

Hempel is a commercial real estate firm based in the Midwest. We have experience on every level of a real estate transaction, and we specialize in new and adaptive re-use projects.

Invest

By combining strategic partnerships, a value-add focus, and a diverse portfolio, Hempel aims to offer well-rounded investment opportunities that generate strong returns while effectively managing risk in the dynamic world of real estate.

Leasing

We think full buildings are better than empty ones. Our experienced brokers know how to get the deal done.

Who we are

We are a team of innovative problem-solvers with experience on every level of commercial real estate.

Our Properties

Since 2001, Hempel has acquired and developed more than $1 billion worth of office, retail, multi-family, residential, and parking assets.

Better strategies.

Better buildings.

Hempel has a solid track record of acquiring and developing commercial real estate. We also act as asset and property managers on all of our properties.

Trusted, innovative, effective – all foundational qualities to Hempel’s success and at the heart of every transaction.

OUR INVESTMENT STRATEGY

CASE STUDY:

Canadian Pacific Plaza

A recapitalization project in downtown Minneapolis transformed an entire city block.

ACQUIRED 2011

$23.6 M

48% OCCUPANCY

SOLD 2015

$68.5 M

98% OCCUPANCY

SEE ALL CASE STUDIES

Recent News

Twin Cities seeing office market ‘reset’

September 10th, 2024 - MINNEAPOLIS, MN

As office vacancy issues continue to plague Minneapolis’ central business district, City Hall needs to continue to be a willing partner to developers hoping to recreate some of the spaces in the area, according to a panel of business leaders who spoke Wednesday at Finance & Commerce’s Twin Cities Commercial Real Estate Outlook event.

Krsnak emphasized that the cycle Minneapolis is going through is one that is seen repeated throughout history.

“This downtown has been through these cycles again and again,” Krsnak said, pointing to examples of downturn in the 1940s and 1970s downtown.

Twin Cities seeing office market ‘reset’

September 10th, 2024 - MINNEAPOLIS, MN

The Twin Cities office market may be evolving into a bargain hunter’s market, according to some local commercial real estate stakeholders.

With occupancy rates still lower than normal in some sub-markets — such as downtown Minneapolis — and higher interest rates making deals more challenging, the market is in the early stages of a “reset,” with some under-performing properties being re-valued to reflect those lower occupancies, market participants say.

“We’re seeing office buildings trading at significant discounts to the values we saw three to five years ago,” said Brian McCool, chair of the real estate department and shareholder at Fredrikson & Byron.

Office complexes are adding golf simulators, pickleball, puppies to help get workers back

August 15th, 2024 - MINNEAPOLIS, MN

That fitness center, fireplace area and outdoor deck? And the free lunches?

They are not enough anymore.

Twin Cities office buildings and their tenants are finding that workers want even more if they have to commute and spend the day at the office — and that includes both events and more upscale amenities to inject a bit of luxury into the workday.

Enter concerts and puppy days, pickleball courts, golf simulators and putt-putt.

Looking for space?

Hempel’s portfolio features a diverse collection of properties in

Minneapolis, St. Paul, and Milwaukee. Get in touch with a Hempel broker today.

ST. PAUL, MINNESOTA