Recent News

University of Minnesota Buys Nine-Story Minneapolis Office Building
for Over $20 Million

May 28, 2020 -The University of Minnesota has purchased University Park Plaza, a nine-story office building in Minneapolis, for $20.71 million.


The Avenue Wins Milwaukee Business Journal Award for Best Deal of the Year

May 7, 2020 - The Beatles once sang about taking a sad song and making it better. They might have been singing about the erstwhile Grand Avenue Mall.


Hempel bets on Eden Prairie office building once used by Best Buy

December 30, 2019 - A joint venture led by Hempel Properties has purchased a 181,000 square foot office building near the intersection of highways 62 and 169 in Eden Prairie. The building, formerly known as Crosstown Center, was developed in 1999 and was a Best Buy Co. Inc. data center before the retailer moved all of its Eden Prairie operations into its current Richfield complex.


St. Paul Dept. Store Transformed Into Wild Facility, Shopping Center

January 16, 2018 - "It's definitely one of the more challenging projects we've ever had," said Josh Krsnak, president of Hempel Companies. In just 12 months, Hempel's contractors transformed the building, putting walls of glass where before there was only artificial lighting . . . What had at one time been a rooftop surface parking lot is now a sparkling sheet of ice.


Minnesota Wild signs lease for new practice facility at Wabasha Center in Downtown St. Paul

December 22, 2016 - The partners of Go Wild, LLC, the joint venture between Hempel Companies and the Saint Paul Port Authority, today announced that the Minnesota Wild has executed a lease for a practice facility at Wabasha Center in downtown Saint Paul.

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