Gaughan Construction Celebrates Ground Breaking of City Center Commons Project
Gaughan Construction broke ground on a new 2 building office medical project in Forest Lake. The new City Center Commons project is the first “ground up” construction project that Gaughan Construction has developed in recent years. City Center Commons is located along highway 61 adjacent to the recently built Forest Lake City Center Building, The project is scheduled for completion Q4 2015 into Q1 2016. City Center Commons has signed leases with Keller Williams, which will be the sole occupant for the 8,000 sf building. Maplewood Oral Maxillofacial Surgery and Thrifty White will anchor the adjacent 11,000 sf building. Negotiations are in the works for the remaining square footage for the 11,000 building.
“This is a great project for the City of Forest Lake and the community. We are proud to be developing this project and look forward to provide good quality space for tenants.” – Dan Hebert – VP of Commercial Accounts – Gaughan Companies
A solid foundation since 1969, Gaughan Companies provides the Twin Cities area with a full service commercial real estate company. We deliver consistent performance through unparalleled professionalism and personal service. Visit our website at www.gaughancompanies.com for more information.
Gaughan Companies Represents Seller On Medical Office Building Sale
Dan Hebert of Gaughan Companies, MN represented a physician group on the sale of their medical office building located at 8290 University Ave, Minneapolis MN. The 23,000 square foot medical property is anchored by Twin Cities Orthopedics.
“This is an institution grade asset with long term credit tenants. This coupled with low interest rates made way for a favorable CAP Rate which maximized the value for the seller.”
A solid foundation since 1969, Gaughan Companies provides the Twin Cities area with a full service real estate company. We deliver consistent performance through unparalleled professionalism and personal service. Visit our website at www.gaughancompanies.com for more information.
Gaughan Companies Property Spotlight: Shalimar Estates
Gaughan Companies’ Property Spotlight: Shalimar Estates
Shalimar Estates is a 48 unit, condo-style rental property located in beautiful Burnsville, Minnesota. Shalimar Estates is conveniently located near Interstates 35E & 35W and Highway 77. Residents are just minutes away from popular amenities and local attractions such as Mall of America, Burnsville Shopping, MSP International Airport and just a quick drive to both Minneapolis and St. Paul.
The individual units at Shalimar Estates, consisting of 1,066 square feet, feature 3 bedrooms and 2 baths in a spacious and well laid out floor plan. Each unit comes with 2 separate balconies that allow the resident to utilize and enjoy the outdoor living space during the precious summer months. Semi-private entries, attached garages with remotes, air conditioning, and individual furnace and water heaters provide each unit with a single family home feel within a shared community. A courteous onsite staff and a 24 hour emergency maintenance service provide peace of mind to your living experience.
Located in a family friendly neighborhood, Shalimar Estates is located in the I.S.D. #191 School District near Sky Oaks Elementary, Joseph Nicollet Junior High and Burnsville High School. Onsite residents enjoy a recreational area that includes picnic space and a playground plus several community parks are located within walking distance. Other family attractions in close proximity to the property include the Minnesota Zoo, Buck Hill, and the Waterpark of America.
If you are interested in calling Shalimar Estates your home, please contact the leasing office at 952-432-3101. We look forward to hearing from you and assisting in finding your family a home in our community.
Businesses Coming to City Center Outlots
Gaughan Companies are scheduled to break ground on the city center outlots in June 2015. This project marks the company’s first new development project in years. Read the fully story courtesy of the Forest Lake Times:
https://forestlaketimes.com/2015/03/23/new-businesses-coming-to-city-center-outlots/
The Resurgence of Land Sales
The Resurgence of Land Sales
After many years stuck in a dormant market, commercial real estate land development in the Twin Cities is making a comeback. Local unemployment rates of approximately 4% help rise the demand for new housing options and the need for new retail services. Projects such as multi-family, senior housing, and retail users including grocery store chains are a driving force behind the resurgence. Historically high rents, as well as outlot development opportunities, have become a realistic option for businesses that require a “build to suit” options.
In the Twin Cities market alone, over 240 acres have been purchased for residential use projects by builders including Mattamy Homes, Ryland Group, and Ryan Companies. Additionally, retailers such as Hy-Vee, Jerry’s Foods, and Walmart have lots totaling over 90 acres for new development. The industrial market includes projects covering over 170 acres in the communities of Brooklyn Park, Minneapolis, Osseo, and Rogers.
The Gaughan Companies brokerage team has captured activity from this market revitalization and that has closed the deal on several land transactions in the past 24 months. Some of the transactions include:
- 157 acres of mixed use development land in Lino Lakes sold (Broker Team John Chirhart and Lou Suski)
- 22 acres purchased by Noble Academy to build a new charter school off of Highways 169 and 610 in Brooklyn Park (Broker Team Dan Hebert and Derrick Jensen)
- 30 acres purchased by Westmor Fluid Solutions for a new facility in Columbus (Broker Team Chirhart and Suski)
- 6 acres of commercial land off of highway 10 in Big Lake (Broker Dan Hebert)
- .65 acre residential lots purchased by a developer in Hudson, Wisconsin (Broker Team Jensen and Hebert)
- 55 acres of agricultural land in Rush City sold (Broker Team Chirhart and Suski)
- 1.5 acres commercial lot in Hugo under contract (Broker Dan Hebert)
- .64 acres redevelopment site in downtown Hugo (Broker Team Chirhart and Suski)
- 3.29 acres redevelopment site near downtown Forest Lake (Broker Team Chirhart and Suski)
For the first time in nearly a decade, Gaughan Companies has construction projects on the horizon that start from the ground up and stretch into 2016. Demand for new development in both the office and multi-family housing markets have created an opportunity for Gaughan Companies to go back to our construction roots. The first project, a medical office building outlot, is slated to break ground in summer of 2015.
With the ability to broker, develop, construct, and manage new projects, Gaughan Companies offers a veteran staff ready to fulfill your vision and exceed your expectations. Are you in the market to explore taking your business to the next level? Contact Us Today!
Gaughan Construction Completes Chanticlear’s Latest Restaurant Venture
Since 1964, the name Chanticlear Pizza is synonymous in the Twin Cities Area for quality pizza. The company began with one location in Fridley but the family owned chain has since developed into 14 locations with their market being the northern metro.
Upon a decision to expand their busy Coon Rapids location, a new concept was born and developed. The result, Chanticlear Pizza and Grill, opened in mid-December complete with an expanded menu that includes the locally famous pizza as well as burgers, pasta, sandwiches and a full-service bar. The environment accommodates families out for dinner and sports fans cheering for their favorite team.
Gaughan Construction transformed a former gas station at the North Lake Shoppes property in Coon Rapids into a fully operational kitchen, restaurant and bar. The scope of work included demolition of two inline spaces, framing, insulation, sheetrock, concrete, carpentry, installation of an acoustical ceiling and painting among other jobs. The Chanticlear Pizza and Grill also benefits from the former gas station’s canopy which has been converted into one of the best patio seating areas in the suburbs.
Head out to Chanticlear Pizza and Grill to experience quality food with a great dining experience. The restaurant is located at 11706 Crooked Lake Boulevard NW in Coon Rapids, MN. For additional information and specials, follow them on their Facebook page HERE
Gaughan Companies to Host New Tech Forward Eatery
When you think burgers, fries and shakes, you probably don’t think high tech service. One of Gaughan’s newest tenants is looking to change all that with Diggity’s Drive Up.
On paper, Diggity’s is your classic burger shack served with a heaping helping of Americana. Unlike the drive ups of yesterday, you won’t find any rollerskating candy stripers whisking away orders to hungry patrons. In fact, you won’t find any servers at all.
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A Fresh Face for Gaughan Companies
For forty plus years we at Gaughan have been dedicated to steadily revising our services to meet the needs of our customers. In keeping with this tradition, we’re excited to announce the first in a series of updates that will present a new look for the future of Gaughan Companies. Read More
Getting Social for the CAI Show
We all know that a solid social foundation is the cornerstone of any community association. So what better way to prove that than sponsoring the networking reception at the last trade show for the Community Association Institute?
The Gaughan Companies team was well represented at the latest CAI-Mn show on Feb. 20th at the St. Paul River Centre. Our team was on hand to bring Gaughan’s offerings to new vendors, management companies, and association board members alike. We’re always happy to take any opportunity to engage with our professional community and make the connections that have made us a preferred partner in the HOA industry.
Happy Holidays from Gaughan Companies
In celebration of all the great work our team has accomplished in 2013, Gaughan
As you can see, we at Gaughan Companies are no stranger to a good time. It turns out we’re no strangers to vibrant sweaters and “beverage” pong either. Companies decided to channel some of our energy into whimsical holiday cheer.
We look forward carrying the high spirits into the new year to make a great 2014 with our clients, families and friends.
Happy holidays.
-Gaughan Companies.
