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Welsh Construction sold to internal team

Welsh Construction has changed ownership though the Minnetonka firm is still in familiar hands.

Mike Schraad, Meghan Huber and Allen Overturf have now taken over the reigns.

Welsh Construction, which was founded in 1977, was the only division to continue under the Welsh name after Canada-based Colliers International announced in April that it had purchased the brokerage, real estate management, facility services, and architecture divisions of Welsh Companies.

Welsh Construction will retain its offices and its name under the new ownership. Schraad, who previously served as vice president of operations, will serve as president. Huber, who was the senior project manager of tenant improvement, will act as vice president and director of tenant improvements. Overturf, the former corporate controller and director of financial reporting and analysis, will serve as chief financial officer.

“I am thrilled that Mike, Meghan and Allen have made the decision to carry on with the Welsh torch, their combined 27+ years with Welsh Construction is a testament to their dedication, creativity and entrepreneurial spirit,” said Jean Kane, chief executive of Welshco Holdco LLC, in a statement.

Terms of the sale, which closed June 30, were not disclosed.

Brick giveaway at old Woolworth in St. Paul

 

 

Pieces of history from an old St. Paul brick-and-mortar store are up for grabs starting this week.

Developers heading the conversion of the former Woolworth five-and-dime store in downtown St. Paul are giving away bricks from the building.

The old store, which has sat vacant at Minnesota Street and 7th Place E. since 1994, is being turned into a modern office building called the 428 that will include an outdoor patio and co-working space.

A large priority for the redo of the complex was to help bring light into the formerly dark space so there will be walls of windows that dominate all four floors meaning the current exterior brick needs to be removed.    

“In order to preserve the history of this landmark, we would like to giveaway the brick that is being removed to members of the community that are looking to hold on to a piece of St. Paul history,” according to the announcement by Commercial Real Estate Services, Inc.

The redevelopment is scheduled to be finished by next summer.

Bricks will be given away on the 7th Place sidewalk at the following days and times:

Wednesday, July 12th, 2 pm to 4:30 pm; Thursday, July 13th, 2 pm to 4:30 pm; Tuesday, July 18th, 2 pm to 4:30; Thursday, July 20th, 2 pm to 4:30 pm. 

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