Investing in Employees
Investing in our employees is an important part of our company. In order to provide professional-grade service, we take the time to help our employees grow and learn in their fields.
Last week, two of our assistant project managers went to the first half of the 2018 ABC’s Project Management Institute at Purdue University. They spent the week studying tools and techniques for project management and general contracting in the construction industry.
They will head back to Indiana in April for the second half of the 2018 classes.
Homeowner Hints: Humidity at Home in Subzero Temps
When the temperature outside is less then 10 degrees, run the bathroom vents during a shower or bath, and leave it run for 10 minutes afterwards. This will keep the warm, moist air from freezing onto the inside of the vent. Also, recommended humidity levels in a home during the winter should be 35 to 40%.
MN Snow and Ice is Hard to Avoid!
Even with contracted snow removal service, we still experience freeze/thaw cycles that can wreak havoc on our sidewalks and driveways. But there are steps you can take to avoid a fall.
1) Walk slowly and carefully.
2) Ever heard of the Minnesota shuffle? Take small steps.
3) Keep both hands free to allow for better balance or use of handrails.
4) Step out of vehicles, don’t jump.
5) Walk as flat-footed as possible.
6) Wear appropriate footwear for conditions.
If you do fall, you may be able to reduce any injury by;
1) Rolling with the fall. Relax as much as possible.
2) Don’t protect what you’re carrying! Protect yourself and toss anything if you need to break your fall.
Association Team Joins in for Toys for Tots
The Gaughan Association Management team attended the recent Community Associations Institute – MN Chapter holiday party. It was a great event to network with vendors, and we got to support a good cause by supplying donations for Toys for Tots. Happy Holidays!
Gaughan Chosen for Historic Prior Lake Listing
Gaughan Companies was recently selected to list 495 acres of land in Prior Lake, Minnesota. This historic property has been owned by the same family since before the Civil War. Zoned for residential, commercial, mixed use, and located only 20 minutes from Minneapolis, this land is in the optimal location for development. We are honored to be entrusted with this monumental listing and look forward to bringing phenomenal new development to Prior Lake!
For more information visit http://bit.ly/2AcKgUF
Gaughan Companies Blessed to Serve the Poor
Our team members volunteered at Sharing and Caring Hands this November and December by preparing and serving lunch meals to the poor. We look forward to these events every year.
We are thrilled to be able to support this organization because the work that Founder Mary Jo Copeland and her team does makes an impact on the less fortunate. She provides a safe and engaging environment in which people can help others who lack basic resources. Over 94% of money raised for the organization goes directly to the poor.
Learn more about Sharing and Caring hands at sharingandcaringhands.org.
Gaughan Exhibits at 2017 MNCAR Expo
Several members from our development and brokerage team attended this year’s MNCAR EXPO hosted by the MN Commercial Association of Real Estate at the Minneapolis Depot.
Our team shared with attendees the projects that Gaughan Construction and Development are working on. They also learned about the ventures of the 70 other exhibitors and broker members. Our team is always looking for ways in which they can better serve clients.
Lucas Gaughan Published in HREB Magazine
Our VP of Commercial Accounts, Lucas Gaughan, was recently published in the Heartland Real Estate Business magazine. He commented on the retail market in Minneapolis and the growth that the Twin Cities has seen in the last few years. Check out the article for more!
Lucas Gaughan is a leading Commercial Real Estate Broker for Gaughan Companies. He is responsible for the sales and leasing of commercial office, retail, and industrial properties, as well as new business development. His clients appreciate his honest approach that consistently provides for a smooth buying, selling, and leasing process. To contact Lucas via email, phone or LinkedIn, click here.
Gaughan Sells Coon Rapids R&D Building for $3.89M (Finance and Commerce)
Gaughan Companies had a great relationship with Bayer Medical and Boston Scientific. We are grateful that commercial real estate development is on the rise, and we’re excited to bring new product to the market.
Gaughan Sells Coon Rapids R&D Building for $3.8M
9055 Evergreen Blvd., Coon Rapids
Description: 50,528-square-foot Class B flex research and development building, built in 1987 on 4.5 acres at 9055 Evergreen Blvd., Coon Rapids
Buyer: Conforti Holdings LLC, Coon Rapids
Seller: 9055 Building LLP, an entity of Gaughan Cos., Forest Lake
Purchase price: $3.885 million, with a $1.81 million down payment and new financing
Price per square foot: $76.89
The transaction: Forest Lake-based Gaughan Cos. has sold a Coon Rapids investment property it has held for two decades for $3.89 million to a new owner-user.
Conforti Holdings LLC closed July 20 on the purchase of the 50,528-square-foot Class B flex research and development building at 9055 Evergreen Blvd. The seller was 9055 Building LLP, the same Gaughan entity that bought the building for $1.5 million in 1995. The current price works out to $76.89 per square foot. Dan Hebert of Gaughan represented the company in the sale. Hebert wasn’t available this week, but company officials confirmed the sale. They noted the building was occupied over the years by Possis Medical, Bayer Medical and Boston Scientific. They declined to identify the buyer, but confirmed it is an owner-user.
Gaughan officials say they are liquidating some of the company’s older assets to generate cash for new development projects.
In July, Gaughan closed on the $1.2 million purchase of two properties at 304-308 Snelling Ave. N. in St. Paul, where it plans to build Liffey on Snelling, a 60-unit luxury apartment building.
Eric Batiza, vice president in the Minneapolis office of Colliers International, represented the buyer of the Coon Rapids building. He identified the new owner only as a Twin Cities company in need of a larger space. He declined to comment further.
Last sale: Seller paid $1.5 million in 1995
Property ID: 36-31-24-24-0014
(From Finance and Commerce)
CoStar Retail Statistics: Minneapolis Retail Market Mid-Year 2017
Click on the image to read the full CoStar Retail Statistics report.
