John Hughes and Joseph Kutilek, along with venture capitalist Roger Brodersen, formed Magnum Development Corp. in March of 1997. Magnum was established for the purpose of developing commercial properties, some of which are sold for profit. Others are held by Magnum, or partnerships operated by Magnum, for long-term investment.
Magnum works primarily in the Midwest and has completed "ground-up" development projects in 15 states. In 1999, Magnum principals formed a brokerage and property management company, Magnum Realty, Inc. Magnum Realty is a full-service property management and brokerage company. Magnum manages approximately 957,000 SF consisting of its own portfolio, Magnum-related partnerships, and third-party management.
Magnum works primarily in the Midwest and has completed "ground-up" development projects in 15 states. In 1999, Magnum principals formed a brokerage and property management company, Magnum Realty, Inc. Magnum Realty is a full-service property management and brokerage company. Magnum manages approximately 957,000 SF consisting of its own portfolio, Magnum-related partnerships, and third-party management.
Services
We are a full service development, property management and brokerage company creating long-term value for our investor partners. Our team creates value by delivering tailored projects regardless of the location or size and scope of the project specifically designed to meet the needs of a given market or particular end-user.
The 940-stall parking structure at Zone 5 supports 6 mixed-use buildings including office, retail, residential, hotel, fitness, and entertainment. It is central to Zone 5 and includes 5 levels, each the approximate size of a football field, with glass elevator towers at both the north and south ends for user convenience.
Magnum Development and McCune Development have partnered on this 70-acre, light industrial land development project. This property offers industrial lots for sale or build-to-suit construction. Phase II is a 14-acre parcel for a large single user. Magnum/McCune utilized a combination of public & private bonds through a SID, private equity, and conventional debt to secure the funding for this $10 million dollar project.
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