Minneapolis’ United Properties moving into Austin market

Minneapolis-based development company United Properties will establish a development office in Austin, Texas, with the hiring of local industry veteran Josh Delk as senior vice president, Austin commercial development, effective April 13. This move marks the third operating location for the privately held development company in its 104-year history. “We’ve studied the Austin market very carefully, our leadership has some familiarity with Austin, and we’ve generally been impressed by its growth trajectory and how it’s responded in both market expansions and downturns alike,” says Bill Katter, president and chief investment officer, United Properties Development. United Properties has had just two private owners in its history. Since 1998 the company has been owned by the Pohlad family of Minneapolis, owners of a diverse portfolio of businesses including Major League Baseball’s Minnesota Twins. United Properties was originally established in 1916 by members of St. Paul’s Hamm family to develop establishments to serve their brewing company’s beer. Click to read more at www.rejournals.com.