2022

Here’s What’s Happening

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Bob, Bill, and Jim Pohlad will be honored for their commitments to alleviate poverty, bolster racial justice, and rejuvenate downtown Minneapolis.
Twin Cities Business has named Bob Pohlad, Bill Pohlad, and Jim Pohlad as People of the Year for 2022.

The brothers, who lead the Pohlad Cos., have bet big on the future of downtown Minneapolis. The firm moved several of its businesses to the new landmark 37-story RBC Gateway tower, which was built by Pohlad subsidiary United Properties. The family was also instrumental in bringing the Four Seasons hotel to downtown Minneapolis. The five-star hotel—a first for Minneapolis—was developed by United Properties.

Collaborative in their leadership, the brothers divide primary responsibilities within the company started by their father Carl in the 1950s. Bob oversees Carousel Motor GroupPaR Systems, and Northmarq. Jim is executive chairman of the Minnesota Twins and also oversees Pohlad Investment Management and United Properties. Bill, an acclaimed film director and producer, serves as president of the Pohlad Family Foundation.

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Acquisition of Stan Johnson Company will establish Northmarq as full-service sales brokerage and capital markets platform

blue northmarq logo

MINNEAPOLIS, MINNESOTA (August 31, 2022) – Northmarq, a leading commercial real estate capital markets platform, announced today it has entered into a definitive agreement to purchase Stan Johnson Company, a real estate brokerage and advisory firm that focuses on investment sales across multiple asset classes. The acquisition will also include affiliate debt services company, Four Pillars Capital Markets.

“This is an important milestone for our growing platform, as our company now has investment sales professionals across the country that can service investors across all major asset classes,” said Jeffrey Weidell, chief executive officer – Northmarq. “Adding this talented group of real estate professionals further establishes Northmarq as a full-service investment sales and capital markets platform.”

With the acquisition, Northmarq will have nearly 1,000 professionals across its investment sales, debt/equity financing, loan servicing, and fund management operations.

Founded in 1985, Stan Johnson Company has expanded from its roots in the Midwest to a full-service investment sales company, specializing in net lease investment sales and other areas including multi-tenant retail, office, industrial, self-storage and healthcare sales, as well as other specialty products and service lines. The firm has more than 100 brokerage professionals across 16 offices in 10 states—Oklahoma, Arizona, California, Colorado, Georgia, Illinois, New York, Ohio, Oregon, and Texas. Houlihan Lokey (NYSE: HLI) served the company as its exclusive financial advisor.

In its four decades of service, Stan Johnson Company has closed nearly 7,500 transactions exceeding $45 billion in sales volume.

“Our vision has been to build a very special, diversified real estate company with a singular focus on providing the highest level of service to our valued clients. Our professionals will be able to offer our clients greater investment opportunities, advice and product offerings by leveraging the size, scale and established expertise of the Northmarq brand,” said Stan Johnson, founder and chief executive of Stan Johnson Company. “In addition, we know that under this leadership team, our firm’s culture of service and collaboration will continue.”

“The addition of the Stan Johnson Company team will provide Northmarq the opportunity to offer our clients enhanced services related to retail, industrial, office and corporate solutions,” said Trevor Koskovich, president of investment sales – Northmarq. “We look forward to seeing the positive results of this strategic combination.”

Since the Pohlad Family purchased the company in 1999, Northmarq has grown steadily through a series of acquisitions. In early 2000, the company added 25 offices and 200 employees and has continued to expand through frequent acquisitions of both regional teams and national companies.

The integration of Stan Johnson Company’s brokerage services into Northmarq is the culmination of the company’s successful foray into investment sales, which began in 2018 with just six offices focused on multifamily properties. Prior to the Stan Johnson Company acquisition, Northmarq grew to 22 investment sales offices in 13 states, with plans to continue expanding this service into every market where it offers debt, equity, and loan servicing.

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About Northmarq

As a capital markets leader, Northmarq offers commercial real estate investors access to experts in debt, equity, investment sales and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $33 billion, loan servicing portfolio of more than $76 billion and the multi-year tenure of our more than 700 people. To learn more about Northmarq, please visit: www.northmarq.com.

About Stan Johnson Company

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $45 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services. To learn more about Stan Johnson Company, please visit: www.stanjohnsonco.com.

orange carousel online logo

MINNEAPOLIS, May 23, 2022  — Carousel Motor Group (CMG), an operating company of the Pohlad Companies, today announced the launch of Carousel Online www.CarouselOnline.com, an e-commerce platform for buying and selling pre-owned vehicles. As consumers continue to benefit from the convenience of making purchases online, Carousel Online is redefining the pre-owned vehicle-buying experience by putting the driver before everything else.

Carousel has teamed up with Cox Automotive, Inc. to create an e-commerce platform that simplifies the online buying and selling experience. The buying process is completely digital, using vehicle transparency through 360-degree virtual tours, sharing detailed vehicle information, and providing concierge product experts right at the buyer’s fingertips. The car buyer can virtually obtain trusted trade-in evaluations, precise monthly payments, and no haggle financing. Aftermarket insurance products can be added during multiple points of the online check out process allowing complete payments inclusive of all components. The process culminates with online deal paperwork and home delivery as additional key features offered by Carousel Online. “We’ve taken the lessons and wisdom from our brick-and-mortar dealerships and translated that to a better online experience – and we will continue to research and reinvent to ensure vehicle buying just keeps getting easier and more enjoyable,” said Angie Gustafson, Vice President, Customer Experience.

As online buying continues to evolve, there has been a growing number of automotive e-commerce companies entering the market. “Many of these startups have hurdles to overcome from title processing and registration to delivery delays, or the inability to fully transact online. Unfortunately, this just creates more frustration for buyers,” said Chase Hawkins, President and CEO, Carousel Motor Group. “We have the operational experience to provide our customers with the convenience and ease of a premium digital experience, in an otherwise non-premium space.”

In addition to the friendly and frictionless experience, Carousel Online’s commitment to offering vehicles of a higher standard sets it apart from other retailers. This comes from decades of experience in procuring and servicing premium vehicles. “That commitment and trust come from the talented people behind our brands,” said Nicole Pearce, Senior Vice President, Human Resources. “Our people are the reason for our strong reputation and loyalty in the marketplace.” Carousel Motor Group continues to receive top dealer recognition and awards for customer service and employee recognition including winning the Star Tribune’s Top Workplace in 2021, and Top Workplace USA in 2022.

About Carousel Motor Group

Carousel Motor Group is an operating company of the Pohlad Companies, a diverse group of businesses united by a proud legacy of creating value and opportunities for our employees, businesses, and communities. Formed in May 2008, Carousel Motor Group operates eight Twin Cities automotive dealerships, including Twin Cities Performance Ferrari, Coon Rapids Chrysler Dodge Jeep Ram, Audi Minneapolis, Audi St. Paul, BMW of Minnetonka, Chevrolet North Branch, Porsche of St. Paul, and Porsche of Minneapolis. To learn more, visit www.carouselonline.com.