TCN Worldwide is honored to be named to the National Real Estate Investor Top Property Managers List for 2018. The ranking is based on total square footage of space managed globally. TCN manages nearly 446 million square feet. TCN Worldwide Real Estate, a consortium of independent commercial real estate firms which Paramount Real Estate Corp is a member, provides complete integrated real estate solutions locally and internationally. An extensive range of real estate services coupled with a personal commitment to exceed expectations is what allows TCN Worldwide to be a leader in this competitive industry. Comprised of leading independent brokerage firms, serving more than 200 markets globally, TCN Worldwide combines an entrepreneurial approach with years of local experience. Around the globe, across all property types and service groups, TCN Worldwide’s more than 5000 brokers and salespeople have a well-earned reputation for providing straightforward expert advice.
Fred Hedberg, President of Paramount Real Estate Corp/ TCN Worldwide (left-front) recently participated as a judge for the 2018 NAIOP Awards of Excellence Building Competition. Their group toured 7 multi-family and industrial/distribution properties throughout the Twin Cities. This photo was taken at the Tractor Museum located at The Moline, a multi-family development complex in Hopkins.
The NAIOP Minnesota Awards of Excellence recognize exceptional developments by NAIOP members and their teams. Projects are reviewed by a panel of judges who tour each project in a given category and rate them on site development, architectural integrity, interior design, integration into the community, market feasibility, unique challenges and LEED certification or sustainable attributes. Building awards will be presented on Thursday, Sept. 27th. #NAIOP, #ParamountRE, #CoolBuildings
JOSEPH SCHULTZ JOINS PARAMOUNT REAL ESTATE CORP | TCN WORLDWIDE
AS LEASING AND SALES ASSOCIATE
MINNEAPOLIS, MN. Paramount Real Estate Corp/TCN Worldwide, Bloomington, MN is pleased to announce the addition of Joseph Schultz to the Paramount industrial sales and leasing team. He will be working with Philip Simonet and John Young, CCIM focusing his efforts on agency leasing, new business development and buyer/tenant representation in the southeast and northeast Twin Cities submarkets.
Joseph was born and raised a Minnesotan. He graduated from Saint Thomas Academy and attended college at Gustavus Adolphus College, where he earned a Bachelor’s degree in Economics with a focus in Economic Analysis. He comes to Paramount with real estate experience while previously working as an intern at Cushman & Wakefield before joining Paramount.
In his spare time, Joseph enjoys watching sports, particularly the Minnesota Vikings, and spending time with family and friends.
Sale lease-backs can be a great option for your business. While many business owners feel that building ownership is right for them, a sale lease-back can provide financially-strapped companies with the capital injection they need. The transaction is simple: an owner/user sells the building to a third party investor, then leases the building back, often long-term. Equity in a building will generally see an appreciation equal to that of inflation (1-2%/year). A sale lease-back allows for a much higher return on equity by reinvesting the cash from the building sale back into the business itself; where owners can see a return much higher than 2%.
Want more information on sale lease-backs?
Is Your Physical Space
Helping or Hurting Your
Today, dozens of colleges in the Minneapolis/St Paul metropolitan area are pumping out graduates eager to find jobs as well as a great company to work for. While you might believe you have the right space to attract the best candidates, it might be a good time to step back and reflect on what you have to offer and what these graduates want so that when this fresh batch of interviewees sit down to talk, you know what your company’s commercial real estate space says about your company.
Research shows, the current generation of graduates expect more from the companies they work for than generations of the past. This group values freedom, independence, and creative space. They view their office as a second home and they want to enjoy going there every single day. With the unemployment rate hovering around 3% and the knowledge that the average person will likely change jobs 12 times in their careers, you better believe your employees will find the work environment they are looking for if your company doesn’t have it.
Paramount recently represented a food distribution company, where the president expressed a desire for space that reflected the company’s culture. After considering several spaces that would have resulted in lower occupancy costs, leadership ultimately selected space that was more expensive but had amenities including a roof top patio overlooking the city that would allow their team to gather and test their product. For this company, it was critical that employees would interact with each other and their product on a regular basis and it was worth the extra expense to have a space that could support an outdoor grill area to make it happen.
So how do you make your space reflect your culture? Location, architecture, physical layout, furniture design, color, work spaces, and amenities are all aspects that can reflect your company culture. Today’s job seekers do consider these physical attributes when deciding where they want to work every day. So take some time and think to yourself; “does this space make me excited about working here? Does it embody the culture of the company? Is it functional? What aspects of your company’s space can be changed and altered to better reflect your culture and company goals? Some ideas you might consider: Health & sports enthusiasts might cause you to look for space close to biking trails, space with fitness facilities and showers, you might even add bike storage options. If you’re a creative marketing company you might try looking for unique architecture or a visually appealing space lay out. Maybe all you need to do is add a few tap beers, an air hockey table, and a flat screen TV to up the “fun” factor. Whatever you do, make sure you are consistent with your message regarding your company culture and appeal to the types of people you want to work for you.
Does Your Company Need New Space?
Check out the June 2018 edition of
Paramount’s Insite Newsletter.
You will find interesting articles related to Property Management, find out if your space helps or hurts your hiring efforts, read about a recent transaction with Warners’ Stellian, and check out upcoming events around the Twin Cities.
Call Paramount for all your
commercial real estate needs today.
Minneapolis, Minnesota – Paramount Real Estate Corporation’s, John Young, Vice President of Sales and Leasing, represented Warners’ Stellian in their purchase of an 80,000 square foot industrial building in Minneapolis at 2601 Broadway Street Northeast. The building will house a new retail store and will be a main distribution point for various appliances sold by the company. Mr. Young helped Warners’ Stellian identify the building, negotiate for its purchase, secure approval from Minneapolis’ Planning Commission, and guide the company through its due diligence.
The building was home to Boyer Ford Trucks, who moved to another location in Minneapolis. Boyer did not need the large warehouse and wanted to right-size its operation. The building is located just east of Stinson Boulevard on the north side of Broadway. It has great visibility from I-35W and easy access from Stinson Boulevard and Industrial Boulevard.
Warners’ Stellian is a 60-year old family operated business specializing in appliance sales. They have nine retail locations across the Twin Cities. Their commitment to customer service is matched by their commitment to the environment. They recycle all of the packaging from the appliances and utilize more fuel efficient vehicles that automatically shut off after five minutes of idle.