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.
CASE STUDY:
Canadian Pacific Plaza
A recapitalization project in downtown Minneapolis transformed an entire city block.
Recent News
The Burrow buys its Oakdale building
Just a little more than a year after acquiring the Bergen Plaza shopping center in Oakdale, the new owners have sold off a standalone portion of the center to an existing tenant.
The Burrow, a restaurant and entertainment complex, paid $3.4 million for the space it occupies at 7053 10th St. N., according to the sellers, a joint venture of Midloch Investment Partners (Midloch Value Fund I and II) and Hempel Real Estate.
Midloch acquires apartments built in former Pabst malt house
Jul 11th, 2025 - MILWAUKEE, WI
Beer and the city of Milwaukee have been intertwined for over 150 years, with brewers such as Miller, Pabst and Schlitz establishing a strong presence there.
Even the name of the city’s baseball team, the Milwaukee Brewers, is an ode to the beer industry.
With the acquisition of The Malt House, Midloch Investment Partners has secured a piece of Milwaukee’s rich brewing history for $19.2 million. The firm bought the property in a joint venture with Hempel Real Estate.
An ambitious new food hall coming to downtown Minneapolis' LaSalle Plaza
Jul 11th, 2025 - MINNEAPOLIS, MN
A new ambitious food hall project is hoping to help speed up a Downtown Minneapolis revival.
Patricia Wall, the visionary behind Malcolm Yards, will be at the helm of the $10-$20 million food hall project at LaSalle Plaza.
It's a collaboration with Hempel Real Estate that Wall says will turn the former Rock Bottom Brewery into a culinary hub. It will boast 10-12 diverse kitchens and multiple bars, with a theme that celebrates Minneapolis culture.
"We have so much history in downtown Minneapolis, that we want to speak to that history through our design and talk about Minneapolis in the past, present and future so it has some relevance," explains Wall.
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
