PASTER PROPERTIES ESTABLISHES DEVELOPMENT DIVISION
Industry Veterans John Kohler and Mike Sturdivant, CCIM, to Lead New Branch of Company
St. Louis Park, Minn., October 31, 2017- Paster Properties, third-generation owner and manager of retail properties in the Twin Cities, has expanded by launching a new division focusing on urban and mixed-use retail development.
Most recently, Paster Properties co-developed The Shops at 1700, a mixed-use property located across from Ridgedale Center in Minnetonka. The project, which was co-developed with Bader Development, features retail and five levels of luxury, market rate apartments. Paster Properties is currently working on development projects in the North Loop, Mendota Heights and St. Paul.
Minneapolis/St. Paul commercial real estate veterans John Kohler and Mike Sturdivant, CCIM, will lead the new division, called Paster Development
"With a foundation of 70 years of development experience, our team at Paster Properties has the expertise to build properties, the understanding of what it takes to build businesses, and the integrity it takes to build relationships," said Howard Paster, president of Paster Properties. "Our size combined with our in-house expertise allows us to be nimble when working with our clients, and our community-oriented approach translates to taking careful consideration of the connection between retailers in our developments and their communities."
Prior to joining Paster Properties, Kohler, a licensed architect, had an extensive career in commercial real estate development including being the vice president and director of architecture, engineering and construction for a small development group with offices in Minneapolis, Naples and Denver. He has completed millions of square feet of new development in more than 250 retail and mixed-use projects nationwide.
Sturdivant will manage development projects for Paster across the Twin Cities. He will guide project direction and coordination from pre-development to completion of construction. Prior to joining Paster Properties, he worked with CSM Corporation and H.J. Development, both local developers who own large real estate portfolios throughout the Twin Cities. Sturdivant is a Certified Commercial Investment Member.
About Paster Properties
owns, develops, leases and manages nearly one million square feet of retail properties in the Minneapolis/St. Paul market. For 70 years, three generations of family ownership have leveraged unparalleled industry expertise in pairing national and local retailers with high-quality properties that offer long-term value and mutual success.