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Business Details
16 Years
experience
Your Trusted Partner for Industrial Real Estate Solutions in the Bakken
Lunnen Real Estate Services is a full-service commercial real estate firm specializing in the Bakken Formation, the epicenter of the U.S. shale oil boom. Since 2010, we have established ourselves as the most trusted brokerage and development firm in the region, serving the unique needs of oil, gas, and energy service sectors. Our expertise spans the sale and lease of industrial properties, including stabilized truck yards, crane-ready shops, pipeline support sites, and transload facilities, all strategically located to enhance productivity and logistics for energy and service companies. With a team boasting decades of combined experience, we offer unparalleled market intelligence and a proven track record of over $700 million in transactions. Our services include real estate brokerage, site selection, development consulting, investment advisory, and build-to-suit solutions tailored to client needs.

We leverage cutting-edge technology, deep industry insight, and a commitment to client success to deliver informed real estate decisions. Our principals bring extensive expertise in commercial real estate, development, and financing, ensuring clients benefit from strategic partnerships and a nationwide network. We pride ourselves on transparency, ethical practices, and a client-centric approach that prioritizes long-term operational success. Our history of successful projects, including industrial parks, distribution centers, and custom facilities, underscores our position as a leader in the Bakken market. Through generations of experience and a dedication to innovation, we continue to meet the evolving demands of industrial real estate in one of North Americas most dynamic energy regions.
Services
Industrial Property Sales Lease Transactions Site Selection Investment Advisory Build-to-Suit Development Development Consulting Industrial Park Management Pipeline Support Sites
Details
  • Year established: 2010
Highlights and features
  • We specialize in industrial real estate within the Bakken Formation, serving energy and service companies.
  • Our team has transacted over $700 million in real estate and developed 5 industrial parks.
  • We offer build-to-suit solutions with trusted contractors for customized facilities.
  • Our principals bring 20+ years of commercial real estate and development experience.
  • We provide strategic site selection and market intelligence tailored to energy sector needs.
What people say
Unparalleled experience Strategic solutions Successful transactions Market intelligence Trusted broker
Services
Industrial Property Sales
We facilitate the sale of industrial properties tailored to energy and service companies. Our team leverages deep market knowledge to secure optimal value for clients. With over $700 million in transactions, we ensure seamless sales processes aligned with client goals.
Build-to-Suit Development
We deliver custom industrial facilities through strategic partnerships with trusted contractors. Services include site selection, design coordination, and turnkey construction. Our solutions ensure facilities meet specific operational needs in the Bakken region.
Lease Transactions
We specialize in industrial lease agreements for crane-ready shops, pipeline sites, and distribution centers. Our expertise ensures competitive terms and locations that enhance client logistics and productivity in energy sectors.
Site Selection
Our site selection service identifies strategic industrial locations in the Bakken Formation. We analyze zoning, infrastructure, and logistics to recommend sites that maximize operational efficiency for energy companies.
Investment Advisory
We advise investors on acquiring and selling industrial properties in the Bakken. Our insights into market trends and valuation ensure informed decisions for local, regional, and institutional clients seeking profitable investments.
People
Jeffrey Lunnen
Managing Principal | Broker
Jeff Lunnen has 20+ years in commercial real estate, transacting $700M+ in sales. Licensed in CA and ND, he specializes in industrial, retail, and development projects in the Bakken region.
Thomas Lunnen
Partner
Tom Lunnen founded Lunnen Development, with 35+ years developing 2M+ sq. ft. of industrial and retail spaces. He has directed $1.5B+ in projects across multiple states and holds advanced degrees in business.
Vimal Bhanvadia
Partner
Vimal Bhanvadia specializes in healthcare and industrial development with a decade of experience. He manages financing and partnerships for projects in North Dakota and holds an MBA from USC.
Questions
What areas do you specialize in?
We focus on the Bakken Formation in North Dakota, serving energy and service companies with industrial real estate solutions.
What services do you offer?
We provide brokerage, build-to-suit development, lease transactions, site selection, and investment advisory services for industrial properties.
How experienced is your team?
Our principals have 20-35 years of experience, with over $700M in transactions and expertise in industrial real estate and development.
Can you assist with custom facilities?
Yes, we offer build-to-suit solutions through partnerships with trusted contractors to create tailored industrial facilities.
Do you work with investors?
We advise local, regional, and institutional investors on acquiring and selling industrial properties in the Bakken region.