If you’re a tenant or buyer, we’re proud to offer the necessary skills and educational information so you can make the most strategic, successful decision for your business.
Without an existing Mattress Firm in North Dakota, Mattress Firm needed a broker to do site selection for the entire state. Using a disciplined site selection process and having a concentrated focus area, Duemelands was able to secure locations in difficult geographical areas, such as western North Dakota during the height of the Bakken boom. There, they discovered prime real estate locations that were not on the market given their depth of property owners along major thorough fares. Duemelands has successfully secured 7 locations in North Dakota for them and still counting.
At the pinnacle of the Bakken frenzy, Caribou Coffee made their strategic plan to expand their presence in North Dakota, hiring Duemelands to secure sites. Kirkwood Mall in Bismarck became a key area they looked to secure, although traditionally, it’s very rare for anything to become available. Due to persistence and Duemelands’ strong existing relationships, Caribou Coffee was able to secure a prominent mall outlet location. Duemelands has successfully secured 4 locations in North Dakota and still counting.
During the height of the Bakken boom, Graybar needed to expand and acquire land to build new in Western North Dakota. However, they needed city water and sewer. Given the high demand for industrial sites, finding land zoned MA within city limits was difficult in addition to finding sites that weren’t overpriced. Through the use of the GIS systems, Duemelands was able to find and locate MA land within city limits and negotiate a competitive purchase price by utilizing extensive comparables for the market.
In 2012-2014, there was a shortage of multi-family product in the state of North Dakota and a fast-growing demand for apartments in the state. However, there were few sites actually zoned for multi-family and priced affordably for new construction of units. IRET hired Duemelands to conduct a multi-city search for developable apartment land. Duemelands put together a strategy for this acquisition of multiple parcels. Duemelands secured 4 sites for IRET that were all zoned MF and that were not even on the market. Duemelands specializes in finding diamond in the rough sites. To date, IRET has added 414 units to their portfolio as a result of these land acquisitions.
From determining vacancy in a building to handling the sale of a multimillion dollar property, we have the resources and expertise to expedite your process while continuing to provide the highest quality of service.
Glenborough took over management of an investor portfolio during a time of high vacancy of recent store closings. Duemelands had a short window to increase the occupancy from 80% to 97% in order to increase the return for shareholders. Duemelands worked with existing tenants to expand and implement a marketing strategy to secure new tenants to the center. Glenborough had also relied heavily on Duemelands in renewals of existing tenants. For the last 10 years, Duemelands has a 100% success rate on renewals. 95% success rate on backfilling space prior to a current tenant vacating. Duemelands average lease up time from LOI to execution is 3 months for the last 11 years.
Oppidan, a national retail developer based out of Minneapolis, MN, hired Duemelands. They needed to market their master-planned grocery anchored developments in order to lease out their small and mid-box space and sell the outlets for their 4 developments in Western North Dakota. Oppidan depended heavily on Duemelands to vet the tenants to ensure strong credit of the tenant, capture market rents, Duemelands leased 100,000 SF in a short 2 years.
Famous Daves purchased an existing restaurant property in Minot, North Dakota at the height of the market. However, their business plan changed to focus on other parts of the country. The owners hired Duemelands to sell this asset. Duemelands was able to sell the asset within 6 months while still maintain the value of the asset for the client even with the market being considered at the trough.
When you’re ready to sell your property, you can be assured that we have and use the most essential tools and resources required to accurately determine the best alternatives for the sale of your property.
Glenborough purchased an $81.5 million multi-property portfolio and looked to Duemelands to team up with national brokerage firms to sell certain assets from this acquisition. Two of the assets were located in smaller markets in which there was limited buyer pool for such assets and market data was limited. Duemelands was able to provide extensive market data on drivers in the market and information on the local and regional tenants to the prospective buyers. Given the smaller market size where the property was located, there was minimal national buyers’ interest and Duemelands was able to secure a local investor.
We’re a team of investors, which means we have the knowledge and experience needed to educate you on making the wisest choice for your own business investments.
Duemelands has acquired numerous investment properties. Most recently, Duemelands represented a trust needing to invest funds. The objectives of the trust were to find a good return, have no active management duties of the real estate, and take into account tax-saving strategies, such as accelerated depreciation. Duemelands was able to secure a sale-leaseback of a KFC at a highly sought-after location as a result of prior transactions with specific franchisee; they paid a reasonable price per square foot for the building, which usually can be excessively high for NNN investment properties.