About SVN Northco

SVN | Northco is one of Minnesota's largest full-service commercial real estate firms located in Minneapolis with a significant regional presence.

45+

Years in Business

Originally established in 1975, we provide a staff of professionals with extensive industry experience, advanced market knowledge throughout the region and a thorough understanding of the complexities associated with real estate/business transactions. The staff is comprised of multiple lawyers, graduates, MBA, CCIM and other top professional affiliations so our clients are assured they are getting the best in the real estate industry.

Our four professionally staffed divisions – Brokerage, Property & Asset Management, Investment, Golf & Hospitality – work together to take any transaction from concept to completion serving individuals, corporations institutions, and municipalities.

We have specialists in resort and hospitality sales and investments, golf courses, office, industrial, retail, land, multifamily, and commercial real estate investment properties.

Our Reputation & Network

The reputation of SVN | Northco in the Twin Cities community has been built over a nearly 50 year period. As an owner and co-investor in many real estate projects in the Twin Cities (and beyond) we are well known, trusted and respected by our clients and competitors.

Our long history of success is based on our total commitment to building relationships and putting our clients’ interests first. We focus on creative, strategic, long-term planning, and then tailor the services we deliver to meet your requirements.

In addition to our local expertise, SVN | Northco has built a vast network of relationships nationally providing our clients a single point of contact, to serve the multi-market needs of our clients. We have processes and systems that allow the transaction to flow similarly every time.

Projects Worked On Investment Portfolio

President / Managing Director

Frank Jermusek, JD

Frank Jermusek is the current President, Managing Director, and a principal of SVN | Northco, headquartered in Minneapolis, Minnesota.

SVN Top 3 Advisor Globally
SVN Partner’s and President’s Circle
SVN Firm of the Year

Read About Frank

Edward Rupp

Principal

Emilia Molle

Principal

Angela Jermusek

Principal

See All Advisors

Practice Areas

We have worked on hundreds of projects across the world.

1,500+

Projects

States

Countries

Hospitality

Our hospitality team can help you buy or sell your resort, golf course, or hospitality property.

Resorts & Golf Courses

Hotels

Marinas

Restaurants

Event Centers

See Recent Projects

Commercial Real Estate

We have specialists in the following industry sectors and property types.

Industrial

Land

Multifamily

Office

Retail

See Recent Projects

"I knew that Frank and his team at SVN | Northco were the brokerage to go with."

Ryan Thompson

Previous Owner of Dove Valley Ranch, Longbow and Power Ranch, Seller

"The SVN | Northco team was extremely professional to work with from the initial inquiry, all the way through closing."

Steven Schorr

The Walden Group, Buyer

"We felt confident that SVN | Northco was the right team to guide us through the process."

Kittie Fenlason & Wes Fenlason

Previous Owners of Blackberry Ridge Golf Club

"The collaborative environment that was led by the brokerage team made the whole experience a positive one that I would recommend to other buyers and sellers."

Mike Regan

Previous Owner of The Wilds Golf Club, Seller

"Your access to qualified buyers and your management of the sales process was excellent."

Robert L. Ryan

CEO/Seller, Odyssey Resorts

"SVN | Northco was an invaluable resource throughout the process."

T.J. McMillan

CEO, Blackburn Investment Management, Buyer

"Your firm was great to work with and your assistance in getting this very complex transaction closed is greatly appreciated."

Bill and Kirk Schultz

Investor/Management Company, Madison Hospitality Group

"I highly recommend the SVN Northco team to anyone considering buying or selling a resort property."

Dennis Rysdahl

Previous Owner of Bluefin Bay Family of Resorts, Seller

"SVN Northco was professional and knowledgeable surrounding selling the top tier Minnesota Resort property."

Joe Swanson

Partner, BFB Management, Buyer

"We were very pleased with their depth of experience with Midwest resorts."

Scott Harrison

Previous Owner of Lutsen Resort, Seller

"Without a doubt, our acquisition would not have been as successful and coordinated without the SVN Northco team's dedication."

Luke and Monica Pfeifer

Principals, Adventure Hospitality

"Thanks to SVN for guiding Ruttger’s forward for future generations of guests.”

Chris Ruttger

Previous Owner and Great Grandson of the Founder, Seller

"Words simply cannot do justice to the remarkable level of expertise demonstrated by the SVN | Northco team."

T.J. McMillan

CEO, Blackburn Investment Management, Buyer

"I cannot say enough good things about SVN | Northco."

Curt Bradley

Previous Owner of Wild Eagle Lodge, Seller

University of St. Thomas - Gainey Conference Center

"Thanks to the creativity and expertise of the SVN | Northco team, we ultimately closed a very complex asset sale with great results for all involved."

Mark Vangsgard

Vice President for Business Affairs and CFO for University of St. Thomas, Seller

"We said we would surely use the services of SVN in the future and certainly did."

Mark Bodnar

Previous Owner of Four Seasons Island Resort

"Frank Jermusek of SVN | Northco presented us with what turned out to be the perfect property for our objective."

Mark Bodnar

Previous Owner of Pine Mountain and Timberstone Ski and Golf Resort

"During the entire process, the SVN | Northco team was involved in some part to ensure that our expectations were met."

Chip Bromann

Previous Owner of Pinewood Country Club, Seller

"I had a positive experience with SVN | Northco the first time so when they brought Pinewood Country Club to the market, we connected again."

Ernie Rose

Ernie Rose Golf, Buyer

"In working with SVN | Northco on both the buying and selling side, we couldn't recommend them more."

The Duoos Family

Previous Owners of The Shallows Resort, Buyer and Seller

"The SVN | Northco team was exceptional to work with. I couldn't have been happier with the process."

Gregg & Diana Hennum

Previous Owners of Sportsman's Lodge, Seller

"SVN | Northco is the go to broker for resort investments and has sellers well prepared for the sale process."

Joe Swanson

Co-Owner, Lake of the Woods Family of Resorts, Buyer

"Frank's honesty and integrity made it easy to trust I was making the right decision in this acquisition."

Jamie Tatge

President, Leisure Hotels & Resorts, Buyer

"Their overall knowledge and experience within the industry is unparalleled to most."

Mark Ludlow

Previous Owner of Ludlow's Island Resort, Seller

"Northco connected us with the Duoos family and our relationship grew to a point where I felt that it was the right time to pass the torch."

Gary Harpole

Previous Owner of Harpole’s Heartland Lodge

We are very pleased to include Heartland Lodge in our family resort and experience businesses and are excited for what's to come."

Tim and Lynn Duoos

Owners of Harpole’s Heartland Lodge

"We have appreciated the knowledge and sophistication that SVN | Northco has brought to the table."

Scott Siler

CEO, Cote Family Companies

"SVN | Northco was extremely responsive, professional, efficient, and effective throughout the entire process."

Bruce Kerfoot

Owner, Seller

"We look forward to working with SVN Northco in the future to find us our next acquisition."

Bryce Campbell

President of North Shore Resort Company & Campbell Hospitality Group, Buyer

"We plan to continue working with them for years to come."

Joe Re

Owner, Seller

"The SVN | Northco team was engaged, professional, and ensured a smooth transaction."

Phil Kotula

Owner, Seller

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"I knew that Frank and his team at SVN | Northco were the brokerage to go with."

Ryan Thompson

Previous Owner of Dove Valley Ranch, Longbow and Power Ranch, Seller

"The SVN | Northco team was extremely professional to work with from the initial inquiry, all the way through closing."

Steven Schorr

The Walden Group, Buyer

"We felt confident that SVN | Northco was the right team to guide us through the process."

Kittie Fenlason & Wes Fenlason

Previous Owners of Blackberry Ridge Golf Club

"The collaborative environment that was led by the brokerage team made the whole experience a positive one that I would recommend to other buyers and sellers."

Mike Regan

Previous Owner of The Wilds Golf Club, Seller

"Your access to qualified buyers and your management of the sales process was excellent."

Robert L. Ryan

CEO/Seller, Odyssey Resorts

"SVN | Northco was an invaluable resource throughout the process."

T.J. McMillan

CEO, Blackburn Investment Management, Buyer

"Your firm was great to work with and your assistance in getting this very complex transaction closed is greatly appreciated."

Bill and Kirk Schultz

Investor/Management Company, Madison Hospitality Group

"I highly recommend the SVN Northco team to anyone considering buying or selling a resort property."

Dennis Rysdahl

Previous Owner of Bluefin Bay Family of Resorts, Seller

"SVN Northco was professional and knowledgeable surrounding selling the top tier Minnesota Resort property."

Joe Swanson

Partner, BFB Management, Buyer

"We were very pleased with their depth of experience with Midwest resorts."

Scott Harrison

Previous Owner of Lutsen Resort, Seller

"Without a doubt, our acquisition would not have been as successful and coordinated without the SVN Northco team's dedication."

Luke and Monica Pfeifer

Principals, Adventure Hospitality

"Thanks to SVN for guiding Ruttger’s forward for future generations of guests.”

Chris Ruttger

Previous Owner and Great Grandson of the Founder, Seller

"Words simply cannot do justice to the remarkable level of expertise demonstrated by the SVN | Northco team."

T.J. McMillan

CEO, Blackburn Investment Management, Buyer

"I cannot say enough good things about SVN | Northco."

Curt Bradley

Previous Owner of Wild Eagle Lodge, Seller

"Thanks to the creativity and expertise of the SVN | Northco team, we ultimately closed a very complex asset sale with great results for all involved."

Mark Vangsgard

Vice President for Business Affairs and CFO for University of St. Thomas, Seller

"We said we would surely use the services of SVN in the future and certainly did."

Mark Bodnar

Previous Owner of Four Seasons Island Resort

"Frank Jermusek of SVN | Northco presented us with what turned out to be the perfect property for our objective."

Mark Bodnar

Previous Owner of Pine Mountain and Timberstone Ski and Golf Resort

"During the entire process, the SVN | Northco team was involved in some part to ensure that our expectations were met."

Chip Bromann

Previous Owner of Pinewood Country Club, Seller

"I had a positive experience with SVN | Northco the first time so when they brought Pinewood Country Club to the market, we connected again."

Ernie Rose

Ernie Rose Golf, Buyer

"In working with SVN | Northco on both the buying and selling side, we couldn't recommend them more."

The Duoos Family

Previous Owners of The Shallows Resort, Buyer and Seller

"The SVN | Northco team was exceptional to work with. I couldn't have been happier with the process."

Gregg & Diana Hennum

Previous Owners of Sportsman's Lodge, Seller

"SVN | Northco is the go to broker for resort investments and has sellers well prepared for the sale process."

Joe Swanson

Co-Owner, Lake of the Woods Family of Resorts, Buyer

"Frank's honesty and integrity made it easy to trust I was making the right decision in this acquisition."

Jamie Tatge

President, Leisure Hotels & Resorts, Buyer

"Their overall knowledge and experience within the industry is unparalleled to most."

Mark Ludlow

Previous Owner of Ludlow's Island Resort, Seller

"Northco connected us with the Duoos family and our relationship grew to a point where I felt that it was the right time to pass the torch."

Gary Harpole

Previous Owner of Harpole’s Heartland Lodge

We are very pleased to include Heartland Lodge in our family resort and experience businesses and are excited for what's to come."

Tim and Lynn Duoos

Owners of Harpole’s Heartland Lodge

"We have appreciated the knowledge and sophistication that SVN | Northco has brought to the table."

Scott Siler

CEO, Cote Family Companies

"SVN | Northco was extremely responsive, professional, efficient, and effective throughout the entire process."

Bruce Kerfoot

Owner, Seller

"We look forward to working with SVN Northco in the future to find us our next acquisition."

Bryce Campbell

President of North Shore Resort Company & Campbell Hospitality Group, Buyer

"We plan to continue working with them for years to come."

Joe Re

Owner, Seller

"The SVN | Northco team was engaged, professional, and ensured a smooth transaction."

Phil Kotula

Owner, Seller

See All Testimonials

1975

Northco is founded

2003

Northco becomes affiliated with Grubb & Ellis (now Newmark)

2006

Frank and Angela Jermusek acquire an ownership interest in Northco.

2006

Northco acquires 5353 Wayzata Boulevard office building in St. Louis Park and relocates offices.

2006

Northco starts Golf and Hospitality divisions.

2015

Northco joins SVN.

Receives Firm of the Year Honoree the same year.

2018

Acquired ownership interest in Wild Eagle Lodge

2019

Acquired ownership interest in Odyssey Resorts

2020

Acquired ownership interest in Ruttger's Bay Lake Resort

2022

Acquired ownership interest in Ludlow's Island Resort

The SVN Difference

The SVN® brand was founded in 1987 out of a desire to improve the commercial real estate industry for all stakeholders through cooperation and organized competition. SVN is now a globally recognized commercial real estate brand united by a shared vision of creating value with clients, colleagues and our communities.

When you choose SVN you mobilize the entire SVN organization of experts and all our trusted relationships to act on your behalf. This shared network is the SVN Difference.

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The SVN Shared Value Network

SVN was founded on the belief that proactively cooperating and collaborating with the global commercial real estate community is the right thing to do for our clients and the best way to ensure maximum value for a property.

We’ve expanded this ideology to include a Shared Value Network® approach across all our service lines, offices, and the communities where our Advisors live and work. Together with our clients, colleagues, and communities, we create greater value through openness, inclusivity and innovation.