More than 100 years of commercial real estate experience
As the commercial real estate industry has matured, our organization has undergone changes to respond to the changing needs of our clients.
We trace our roots back to 1916 when the company started as the real estate entity of the Hamm Brewing Company. Over the next seven decades, the company—then known as United Properties—became the parent company for a diverse mix of real estate interests. During the 1980s and early 1990s, the company added third-party real estate services for clients, including leasing, property management and construction.
In 1998, the Pohlad family purchased United Properties, continuing a legacy of well-capitalized private ownership. As the organization sought growth opportunities, the business was reorganized into independent operating companies to allow greater focus on specific areas of the commercial real estate industry, with the real estate services entity operating as NorthMarq.
To better serve our clients’ expanding needs, the real estate services operation formed a joint venture with Cushman & Wakefield of Minnesota in 2011 to provide commercial real estate services. This joint venture, Cushman & Wakefield NorthMarq, became the largest commercial real estate firm in the Twin Cities and one of the top workplaces in the market, as ranked by the Star Tribune.
The history of Cushman & Wakefield in Minnesota
The Cushman & Wakefield operation in Minnesota has evolved from a start-up Alliance Member operation to a corporate-owned branch office and most recently moved to operate as a joint venture with NorthMarq Real Estate Services in 2011. Launched in 2002 as an Alliance Member firm in the Cushman & Wakefield system, Northstar Partners was co-founded by Clint Miller and Terry Kingston and grew into a strong brokerage and investment sales practice with local and national clients. In 2007, Northstar Partners was acquired by Cushman & Wakefield and transitioned from an Alliance office into a corporate branch office. In 2016, Cushman & Wakefield merged with DTZ, adding new employees to our operation in Minnesota.
Where we are today
In September 2017, Cushman & Wakefield NorthMarq was acquired by Cushman & Wakefield. This office employs nearly 500 people primarily in the Twin Cities, manages more than 40 million square feet of commercial properties and handles more than $2 billion in transactions annually.