Hillcrest Development is focused on improving the properties and communities in which we both work and invest.

 

CURRENT PORTFOLIO 

PREMIERE PROPERTIES 

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OFFICE | RETAIL | STUDIO

NE MINNEAPOLIS 

Located in the heart of the bustling Northeast Minneapolis Arts and Craft Brewery District,  Highlight Center is a multi-tenant creative retail & office building, located at Broadway St. and Central Ave. just minutes away from Downtown, major freeways, as well as metro transit lines and bicycle thoroughfares.  

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OFFICE | RETAIL | STUDIO

NE MINNEAPOLIS 

Discover the second phase of the Highlight Center Campus - Highlight Tower. With plans for a potential four-story single or multi-tenant use, the Highlight Tower building is at the very center of the NE MPLS arts and culture skyline. Boasting the same great location and features as Highlight Center, the Tower will offer ample parking, potential roof decks, and unique architectural design.  

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OFFICE | RETAIL | STUDIO

NE MINNEAPOLIS 

This unique mix of buildings has the customization options to help businesses create exactly the space they need for today and into the future!  The 9-building complex has something to offer every business and enough parking for all your employees and visitors! With a wide range of building styles, we can offer many leasing options, from creative office/studio, warehouse, and industrial uses to destination retail at 9th Street Center!

 

 

RECENT NEWS

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11   /   06   /   2023

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Pentagon Park is a  fully renovated office campus consisting of seven, classic mid-century buildings, interconnected by walkways and garden patios, offering built-to-suit office spaces, abundant free parking, and onsite amenities. Located off major highways in the heart of Edina, Minnesota. Pentagon Park shares a backyard with the Fred Richards 43-acre Park and the 9-Mile Creek Regional Trail that winds through it! 

OFFICE | RETAIL | STUDIO

EDINA, MN 

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INDUSTRIAL | WAREHOUSE 

STORAGE | OFFICE | RETAIL 

NEW BRIGHTON, MN

Highway 8 Business Center is a three-building, mixed-use, multi-tenant campus consisting of light industrial, office and retail service uses. With ample parking and outdoor storage, this fully customizable blank canvas can be quickly built to suit a tenant's unique needs! Located less than a mile from the intersection of 35W and I-694 and minutes drive from both Minneapolis and St. Paul the Highway 8 Business Center offers a great space option for diverse tenants!

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OFFICE | RETAIL | STUDIO

EDINA, MN 

Located off main highways in the heart of Edina, Minnesota, 4820 West 77th Street is a recently updated single-story office building that gives small businesses unique space opportunities with an Edina address. The property is ideal for corporate or medical offices, and destination retail. It is currently home to chiropractic, beauty, counseling, finance & education tenants.

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INDUSTRIAL | WAREHOUSE 

STORAGE | OFFICE  

BROOKLYN CENTER, MN

4810 Lilac Drive is a 39,000 square foot, two-story office/industrial building conveniently located just off of Highway 100 near I-694 in Brooklyn Center. Join our current tenants in the manufacturing, distribution, and landscape industries at this well located & economical property

WAREHOUSE | INDUSTRIAL DISTRIBUTION | OFFICE 

MINNEAPOLIS, MN 

Located in the heart of the Southeast Minneapolis industrial and distribution epicenter, the 2700 East 27th Street building is conveniently located adjacent to the Midtown Greenway, Lake Street, and Highway 55. With office, warehouse, and interior, and exterior storage options and ample parking this building offers potential tenants a great leasing opportunity.

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CURRENT PORTFOLIO 

DEVELOPMENT OPPORTUNITIES

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PENTAGON
VILLAGE

 

Pentagon Village is a fully-integrated

live, work, play, stay development thoughtfully designed to enhance an active, balanced experience for tenants and visitors through connectivity to nearby parks, central gathering spaces, biking/walking paths, retail and restaurants.

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SOUTHEAST
INDUSTRIAL 
PARK

Southeast Industrial Park is a shovel-ready, rail-served business park developed by Hillcrest Development, LLLP and Opus Development Company, LLC with the initial phase of development completed and built-to-suit options for 15,000 - 325,000 SF on 18.5 acres available for manufacturing, warehouse/distribution and/or outdoor storage.

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6340 ZANE
AVENUE NORTH 

Located in the prime North suburb of Brooklyn Park this 3.31 acre development site has great access to Interstate Highways I-94 and I-694. This prime development parcel is adjacent to a thriving and established medical manufacturing industrial park 

PAST PROJECTS

FEATURED RENOVATION  STORIES 

Renovation of under-utilized or abandoned properties is Hillcrest Development’s niche. As we restore properties to fit modern expectations, preferences, and technology needs, we draw from decades of specialized experience. The results are buildings and properties that have big impact and suit clients’ sensibilities—whether office space or facilities for technology, biomedical research, warehousing, light assembly, manufacturing, or other commercial purposes.

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Company history 

ABOUT HILLCREST DEVELOPMENT, LLLP

Hillcrest Development, LLLP was founded in 1948 and is a third generation company specializing in commercial renovation to suit our clients’ facility needs for office, hi-tech, creative office, warehousing, manufacturing, and other commercial or industrial purposes.

All of our projects (over eighty to date) have been fully designed, developed, built, leased, managed, and owned by Hillcrest. Hillcrest has its own internal construction, leasing, and management groups. Hillcrest has enjoyed success in its business and renovation projects due to its hands-on approach toward redevelopment. Hillcrest invests its own equity up front into its projects, rarely utilizing outside financing. Hillcrest’s in-house development team consists of experienced construction, design, leasing, management, operations, and accounting personnel. This “hands-on” approach streamlines the efficiency of the projects and provides for a quicker occupancy for Hillcrest’s clients.

Hillcrest also owns Capitol Acceptance Corporation which was founded in 1952. Capitol offers and sells Time Certificates at attractive interest rates exclusively to Minnesota investors. The funds are then utilized by Hillcrest for its various commercial real estate activities. Cash flow and profits from Hillcrest’s real estate activities provide the funds for payments of principal and interest to our loyal investors.

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HILLCREST IN THE NEWS 

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