Zipping Through 50 Years with Our Dedicated Team
This year, Gaughan Companies is proud to celebrate 50 years of providing exceptional service to clients throughout the Twin Cities and across the state. Every day, as our company grows, we continue to build a strong, dedicated team of individuals who carry on our tradition of excellence.
Celebrating 50 Years
In thanks and in celebration of our 50th anniversary, we held a team building event on October 17 at the Trollhaugen Zip Line in Dresser, Wisconsin. The Zip Line Tour features 3,000 feet of line across six different zips, including the 1,000-foot Dual Zip Line nearly 50 feet off the ground! With perfect weather, gorgeous fall colors, and a festive atmosphere, the Gaughan team really reached new heights that day.
Champ, one of our newest team members, also joined us on the trip to Trollhaugen. A yellow lab who will turn one on December 14, Champ belongs to owner Patrick M. Gaughan, and has been coming to the Forest Lake office since he was eight weeks old. Champ takes his role as office dog seriously and so will often become very attached to visitors. A welcome addition to the Gaughan Companies family during our anniversary year, the team wouldn’t be complete without Champ and his mellow personality.
About Gaughan Companies
Gaughan Companies was founded in 1969 by Patrick J. Gaughan and developed a reputation for consistent, reliable results in commercial construction, development, and management. In 1997, Patrick M. Gaughan, Patrick’s son, bought the company and has continued building that reputation by offering commercial construction, commercial real estate brokerage, association management, and property management, as well as facilities maintenance services.
For half a century, we have worked hard to surpass expectations on each and every project. We’re proud of the work we’ve done, and we look forward to continuing to provide the service and dedication our clients have come to expect during our first 50 years. We offer our thanks to all who have contributed to our growth and success.
Contact us to learn more about the Gaughan team and our capabilities.
2019 CORFAC International’s Fall Conference
Gaughan Companies – CORFAC International’s, John Chirhart chaired the 2019 CORFAC International’s Fall Conference Communications Committee meeting in Philadelphia, PA. The conference was held from September 18th through the 21 at the at the prestigious Logan Philadelphia Hotel, on Lincoln Square.
The Communications Committee enhances awareness of the organization and its affiliates through communications, public relations, advertising, thought leadership, branding, video and social media.
Established in 1989, CORFAC International is a network of independently owned commercial real estate brokerage firms. CORFAC currently has offices in 50 U.S. markets, 5 Canadian markets and 18 international markets and is celebrating 30 years of success in business.
Gaughan Companies proudly acknowledges its 50th Anniversary this year, as a premier full service real estate company. Mr. Chirhart has been focused on commercial real estate for the past 20 years and serves on numerous boards and committees within the industry.
Gaughan VP Panelist for 2018 East Metro Development Summit
On Friday, July 27, 2018, John Chirhart, Gaughan VP of Sales and Leasing, participated as a panelist at the 2018 Minnesota Real Estate Journal’s East Metro Development Summit, hosted at the University of St. Thomas. He was part of a panel that was comprised of experienced commercial real estate professionals.
The panel discussed current market-specific real estate metrics, new projects and trends, as well as opportunities for the future.
The MNREJ hosts educational and informative events throughout the year in order to provide local professionals with valuable information to better serve their clients or to assist in the quality of their business decisions.
John Chirhart has been involved in commercial real estate and development for 18 years—the past 9 years with Gaughan.
Gaughan is a full-service commercial construction, development, and real estate brokerage firm. Established in 1969, the company has now grown to over 150 employees. If our team can assist with your real estate needs, please contact us at (651) 464-5700 or info@gaughancompanies.com.
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)
