December 06, 2016 9:22 AM ET

Real Estate Management and Development

Company Overview of Sherman Associates, Inc.

Company Overview

Sherman Associates, Inc., a real estate development company, specializes in the design, construction, and financing of commercial and housing properties in Minnesota, Wisconsin, Iowa, Missouri, Colorado, and California. The company sells and leases commercial buildings and land for retail, office, and industrial uses, including banks, coffee shops, grocery stores, restaurants, law firms, tax services, medical clinics, fitness centers, and more; and sells and leases condominiums, townhomes, and duplex or single-family residences. It also rents single-family flats, renovated historic brownstones and senior independent living communities, apartments, townhomes, and development complexes; and ow...

233 Park Avenue South

Suite 201

Minneapolis, MN 55415

United States

Founded in 1979

Phone:

612-332-3000

Fax:

612-332-8119

Key Executives for Sherman Associates, Inc.

President
Controller
Senior Vice President and General Counsel
Senior Vice President
Senior Vice President of Property Management
Compensation as of Fiscal Year 2016.

Sherman Associates, Inc. Key Developments

Sherman Closes on Thresher Square Acquisition

Sherman Associates has closed on its $7 million acquisition of the 115-year-old Thresher Square office building in downtown Minneapolis, paving the way for the developer to begin a large mixed-use project on the block. Thresher Square, at 700 Third St. S., is a 117,144-square-foot office building that's about 25% full. Sherman, which has its own headquarters next door in the same building as the Spaghetti Factory restaurant, plans to convert Thresher Square into a hotel. The developer also plans to construct a new building next door to Thresher Square with a first-floor grocery store and 181 apartment units on floors two through seven. That plan is still working its way through the City of Minneapolis approval process. The company, led by owner George Sherman, disclosed Wednesday that it also wants to develop a nearby site into a 140-room hotel with a Pinstripes bowling-and-bocce bar and restaurant.

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