Case Studies

With over 2 million square feet managed and over $400,000,000 assets under management, Hempel has a proven track record of using successful turnaround strategies.

CASE STUDY:

Canadian Pacific Plaza

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

$51.5M

$63.0M

393,902 sf

$14,03,920

33.32%

1.81x

CASE STUDY:

One Financial Plaza

A 393,902 sf office building in Downtown Minneapolis.

$26.3M

$51.5M

393,902 sf

$10,133,661

33.34%

2.00x

CASE STUDY:

Soo Line Building

A 226,079 sf office building in Downtown Minneapolis. At the time of purchase, the property was the U.S. headquarters of Canadian Pacific Railroad.

$5.5M

$11.3M

226,079 sf

$6,252,625

121.23%

1.80x

CASE STUDY:

Albertville Crossing

A grocery-anchored retail center in Albertville, MN.

$9.0M

$12.8M

104,706 sf

$3,300,000

26.39%

1.98x

CASE STUDY:

Quadrant Office Bldg 2017

A recapitalization of a suburban office building with significant leasing momentum.

$9.45M

$11.85M

103,858 sf

$2,837,020

33.17%

1.65x

CASE STUDY:

Quadrant Office Bldg 2014

A poorly managed office building with attractive bones underwent impressive leasing momentum.

$2.35M

$9.45M

103,387 sf

$2,100,000

31.30%

2.13x

CASE STUDY:

Woodhill Plaza

An office building in need of rejuvenation in Minnetonka, MN.

$1.43M

$2.75M

55,095 sf

$705,827

26.93%

1.50x

CASE STUDY:

Bear Cobblestone

Developed a single-tenant building on a Target-anchored pad site in Apple Valley, MN.

$200K

$2.67M

9,018 sf

$463,056

74.75%

2.27x

CASE STUDY:

Lafayette Business Center

Redeveloped an industrial building in Inver Grove Heights, MN, into an early childhood learning center for the local school district.

$750K

$4.85M

31,296 sf

$360,000

47.06%

2.44x

CASE STUDY:

Bear Cobblestone II

Developed a strip retail building on a Target-anchored pad site in Apple Valley, MN.

$224K

$1.87M

7,391 sf

$299,415

30.69%

3.51x

CASE STUDY:

Minnetonka Retail

A development in Minnetonka, MN.

$310K

$660K

7,200 sf

$243,000

34.48%

1.85x

CASE STUDY:

Park Nicollet

Acquired an option to develop a parcel as a part of a larger retail center acquisition. The option to develop became a 25,929 sf Park Nicollet clinic.

$7.13M

$8.20M

25,929 sf

$40,652

2,443.93%

27.31x

Better Properties. Exceptional Management.

Strategic Investments.

Minneapolis, Minnesota