Business Details
16 Years
experience
Your Trusted Industrial Real Estate Partner in the Bakken Formation
Lunnen Real Estate Services is a full-service commercial real estate firm specializing in industrial properties within the Bakken Formation, a hub for U.S. shale oil production. Since 2010, we have established ourselves as a trusted brokerage and development leader in this energy-focused market. Our expertise spans the sale, lease, and strategic development of industrial sites tailored to the unique needs of oil, gas, and energy service companies. We offer comprehensive services including site selection, build-to-suit solutions, investment advisory, and development consulting. Our team leverages decades of combined experience to deliver tailored real estate solutions that enhance client productivity and operational success. With a track record of over $700 million in transactions, including $500 million in Bakken-specific deals, we provide market intelligence and strategic guidance to local, regional, and institutional investors.Our development expertise includes entitlement of five industrial parks and construction of more than 500,000 square feet of industrial space. We maintain active licenses in California and North Dakota, supported by FINRA certification and industry-leading development credentials. Our client-centric approach combines cutting-edge technology with deep market insight to ensure informed decision-making. Backed by a legacy of successful projects across North Dakota, California, Colorado, and Utah, we remain committed to delivering value through innovation and expertise.
Services
Industrial Property Sales
Industrial Leasing
Site Selection
Development Consulting
Investment Services
Build-to-Suit Facilities
Industrial Park Development
Details
- Year established: 2010
Highlights and features
- We have over 20 years of experience in commercial real estate brokerage and development.
- Our team specializes in energy sector industrial properties within the Bakken Formation.
- We have successfully completed over $700 million in real estate transactions.
- We offer build-to-suit solutions with trusted general contractors for customized facilities.
- Our principals hold industry-leading development management certifications and licenses.
What people say
Unparalleled experience
Strategic solutions
Successful transactions
Market intelligence
Trusted broker
Services
Industrial Property Sales
We facilitate the sale of industrial properties strategically located in energy sectors. Our team leverages market insights and a robust network to maximize value for sellers while ensuring seamless transactions. With expertise in oil and gas sector properties, we connect clients with buyers seeking productive industrial sites.
Build-to-Suit Development
We deliver tailored industrial facilities through strategic partnerships with trusted contractors. Our process includes site selection, design coordination, and project management to create functional spaces meeting specific operational needs. This service ensures clients receive optimized facilities aligned with their business requirements.
Site Selection
Our site selection service identifies optimal locations for industrial operations within the Bakken Formation. We analyze logistical needs, zoning regulations, and market conditions to recommend sites that enhance productivity and long-term success for energy sector clients.
Industrial Leasing
We specialize in leasing industrial spaces for energy companies, including warehouses, shops, and pipeline support sites. Our team negotiates favorable terms while ensuring properties meet operational requirements. This service provides flexible solutions for short- and long-term leasing needs.
Development Consulting
We advise developers on project feasibility, timing, and pricing strategies for industrial developments. Our consulting service combines market analysis with practical insights to maximize profitability and ensure alignment with energy sector demands in the Bakken region.
People
Jeffrey Lunnen
Managing Principal | Broker
Jeff Lunnen has over 20 years of commercial real estate experience, specializing in brokerage, development, and investment. He has transacted over $700 million in real estate, including $500 million in Bakken energy projects. Licensed in California and North Dakota, he holds a FINRA license and an LCDM certificate.
Thomas Lunnen
Partner
Tom Lunnen founded Lunnen Development and has developed over 2 million square feet of commercial properties across four states. With a focus on industrial and retail projects, he has directed $1.5 billion in transactions and received community awards for his developments and charitable work.
Vimal Bhanvadia
Partner
Vimal Bhanvadia specializes in business development and financing for industrial projects. With over a decade of experience, he manages investments in real estate, healthcare, and agriculture. He holds an MBA from USC and collaborates with Lunnen Development on Bakken market solutions.
Questions
What areas do you specialize in for industrial real estate?
We focus on the Bakken Formation in North Dakota, with additional experience in California, Colorado, and Utah markets.
Do you offer build-to-suit industrial facilities?
Yes, we provide custom build-to-suit solutions through strategic partnerships with trusted general contractors.
What types of industrial properties do you handle?
We specialize in truck yards, crane-ready shops, pipeline support sites, transload facilities, and industrial parks.
How experienced is your team in energy sector real estate?
Our principals have over 20 years of combined experience, with $700 million in transactions including $500 million in Bakken energy projects.
Can you assist with industrial property investments?
Yes, we help local, regional, and institutional investors acquire and sell industrial properties across multiple sectors.
Reviews (1)
Trevor Wood
Nov 27, 2020
Report
Positive:Professionalism,Quality,Responsiveness,Value
I would like to express my appreciation for all the remarkable services rendered by Lunnen Real Estate Services. Your professionalism, experience and hard work was greatly appreciated by the Chandler Group. I will definitely continue to use your company in all my real estate transactions.
I would like to express my appreciation for all the remarkable services rendered by Lunnen Real Estate Services. Your professionalism, experience and hard work was greatly appreciated by the Chandler Group. I will definitely continue to use your company in all my real estate transactions.
