Case Studies
With over 2 million square feet managed and over $650,000,000 of 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
