Hempel Companies has earned a reputation for a dynamic and fresh vision on real estate investment. The Hempel approach, coupled with a proven track record of successful turnaround strategies, breathes new life into premier properties and sites in the Minneapolis-St. Paul area. Hempel specializes in turnaround projects and new and re-use development properties with a focus on retail, office and hospitality.
As President, Josh Krsnak oversees all facets of the company. Specifically, he is intimately involved with the company’s acquisitions, capital raises, and investor and lender relations. Josh joined Hempel Companies as employee #1 and three years later bought an ownership stake in the firm. During his 15 year tenure, he has overseen the purchase and development of more than $750 million in commercial real estate. Josh was named one of the 2016 recipients of the Minneapolis/St. Paul Business Journal’s “40 Under 40” award. Josh is active in his community and serves on the board of advisors for RESOURCE (a chemical dependency nonprofit) and the Muscular Dystrophy Association. Prior to entering the commercial real estate development industry, Josh was a financial analyst at Honeywell and a business consultant for Accenture.
As Principal, Randy McKay is engaged in asset acquisition and development for Hempel. Randy joined Hempel in 2014 having previously been a principal (owner) for 23 years at Frauenshuh Companies, another national developer/investor based in Minneapolis, MN. Prior to Commercial Real Estate, Randy was a CPA with KPMG in Houston, TX and Minneapolis, MN. In more than 30 years in real estate, Randy has either developed or acquired over five million square feet of property, including major transactions with Lawson Software, Ecolab, Farm Credit Services, Minnesota Mutual (now Securian), HealthEast, Ellerbe Beckett (now AECOM), National Car Rental, BNSF, Park Nicollet/Methodist/Health Partners, Catholic Health Initiatives, Allina, Century Health, Adventist Health System and the Franciscan Health System. He was also part of the development team that developed LaSalle Plaza, a $130 million redevelopment in downtown Minneapolis and the Lawson Software Building, a $56 million re-development in downtown St. Paul. Randy is from Hibbing, MN and is a graduate of Concordia College in Moorhead, MN.
Brent Jacobson is Vice President of Sales & Leasing at Hempel, where he is responsible for brokerage services at the firm. Brent specializes in leasing and sales in the Twin Cities Metro Area and oversees the marketing of the Hempel portfolio and representation for his clients. With more than 15 years of experience in tenant and landlord representation, Brent effectively shares his in-depth real estate expertise and market knowledge with clients. Prior to joining Hempel, Brent was responsible for more than three million square feet of real estate transactions as a Senior Associate at Colliers International. He has also occupied a role as a research director at a real estate consulting and valuation firm. Brent is a Certified Commercial Investment Member (CCIM) candidate in the Minnesota – Dakotas CCIM Chapter. He’s a member of both the Minnesota and National Association of Realtors (MAR and NAR respectively) and the Minnesota Commercial Association of Realtors (MNCAR).
Jesse joined Hempel in 2015 as the Chief Financial Officer. He manages and oversees the financial risks, planning, and reporting of the company. He graduated from the University of Saint Thomas (MN) with a Bachelor of Arts degree in Financial Management and Accounting and is a Certified Public Accountant. Jesse has spent the majority of his career in public accounting at local and regional firms working primarily with real estate developers and investors on strategic planning and compliance.