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SchafeRichardson/Griffen Cos. Merge Property Management Arms

MINNEAPOLIS-Griffin brings staff and

By Jim McCartney | Updated on September 22, 2000

MINNEAPOLIS-Griffin Cos. and SchafeRichardsonInc., both based here, have merged theirproperty management divisions into a new propertymanagement company called Griffin S.R . Bob Fransen,senior vice president of Griffin’s propertymanagement division, will head the new business as itspresident.

The merger is a great fit, according to company executives. Griffin needed to grow its portfolio or cut back itsproperty management staff, while SchafeRichardson hadtrouble finding enough staff to manage its properties,says Bob Dunbar, president of Griffin Cos.. “SchafeRichardson is growing so fast; this is a greatway to add competent and experienced staff to theportfolio,” says Kit Richardson, a principal inSchafeRichardson.

The new company manages more than 3 million sf ofcommercial property in the Twin Cities as well as morethan 1,000 apartment units and employs 67 managers,technicians, and administrative staff.

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