George A. Hoene


George A. Hoene
Leasing and Property Manager
JMS Real Estate
952.858.9254
ghoene@jmscapitalgroup.com

George is a 30 year commercial real estate veteran getting his start in his father’s real estate brokerage firm converting real estate limited partnerships, which were using the 1985 tax laws relying on depreciation and transferable loss deductibility to the 1986 tax law cash-flow model. It was during this time that he learned the lessons of monetizing the property’s market advantages in creating value to drive the successful leasing and sales of office buildings, apartments, and land development.

After his studies in history and communication were done as an undergraduate at St. John University and the University of Minnesota – Duluth, he then went on to pursue a MA in Business Administration at the College of St. Scholastica, joining his father’s firm H.B. Hoene & Company as a licensed real estate sales agent in 1985. In 1990 he left to become the a broker and partner in Baypoint Corp, which successfully developed, leased and sold market-rate apartments, single-family housing lots, and commercial office and retail properties.

In 2000 after the death of his partner, he went on to lead project management and construction projects at Welsh Construction; building commercial office buildings and corporate additions before join in 2002 Heritage Property Trust as a Property & Construction Manager – Minnesota Region providing the day-to-day management and construction build-out for 1.5 million square feet of commercial property, successfully building-out tenants such as Michael’s, Caribou Coffee, Starbucks Coffee, Best Buy and Walgreens.

In 2007 he joined Golub & Company as a General Property Manager responsible for driving the leasing, management and construction for iconic Riverview Office Tower in Bloomington Minnesota, where he help to drive the occupancy from 86% to 98% and the tenant retention rate to an unheard of 96.5% along with steady year-to-year NOI growth. He successfully renewed RELS Valuation, Core Logic, Tunheim, Travel One, Lexmark, ICSI, and Erstad & Reimer.

In 2013, upon sale of the building to PWA Riverview Limited Partnership, he was retained in his role adding all outside leasing functions to his responsibilities in 2014, and occupancy has continued increase to its current 98.29%, after landing the highly-sought-after North American High Speed Rail Group to a long-term lease.