Making lives better by making buildings better.
We provide more than just commercial real estate services: we breathe new life into properties.
HEMPEL acquires, develops, and redevelops commercial real estate throughout the Midwest. Our expertise in turnaround projects adds value for tenants, neighborhoods, and cities.
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.
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.
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.
Since 2001, Hempel has acquired and developed more than $1 billion worth of office, retail, multi-family, residential, and parking assets.
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.
Now, the final pieces to that $140 million development, known as The Avenue, are falling into place. Those include former retail space converted into ground-floor offices as well as a new events venue.
The future City Fountain bar area at The Avenue on West Wisconsin Avenue in Milwaukee on Wednesday, Sept. 13, 2023. The area, in The Avenue, a mixed-use development which replaced the failed Grand Avenue Mall and includes 3rd Street Market Hall food hall, is one of the final projects to be completed.
August 4, 2023 - MINNEAPOLIS, MN
The deal will bring Hempel to a total of 1,200 parking spaces that can be used by tenants in LaSalle Plaza, which it also owns. “We have more parking than any other Class A tower in downtown,” Hempel’s CEO said.
At the Milwaukee Business Journal's Commercial Real Estate CEO Roundtable event on July 11, local real estate leaders and executives discussed the demand for workforce housing, specific efforts to build more of it, and how to overcome the challenges of developing it.
The developers of The Avenue in downtown Milwaukee could build 160 apartments in a vertical addition to the nearby former Gimbels parking structure.
Distressed downtown Minneapolis office tower LaSalle Plaza has been acquired by a local developer at a steep discount from the previous sale price.
Hempel Cos. has acquired LaSalle Plaza, a 30-story downtown Minneapolis office-retail tower that was put on the auction block last year, for a discounted price. Hempel’s Ben Krsnak confirmed to Finance & Commerce that the sale closed Monday.