Aug 9, 2023 Updated Aug 9, 2023 11:51am CDT
Local brokers Marshall Nguyen (left) and Stas Manchik recently founded Wyn Group, a commercial investment firm with a full-service brokerage arm.
After making a name for himself as an assembler of ethnic-focused malls in the Twin
Cities, broker Marshall Nguyen is launching his own commercial real estate brokerage,
with plans to keep that momentum going.
Nguyen is leading Wyn Group as its principal, and he's teaming up with partner Stas
Manchik, a local broker who specializes in residential real estate through another
brokerage that he founded, Monoceros Real Estate. To start, the pair will focus on
investment sales and retail leasing, and later get involved in developing properties and
building Wyn Group's portfolio.
Nguyen previously worked as a broker for Caspian Group, where he launched his career
in 2017. Some of his most notable deals during his time with the Edina-based agency
include Asia Mall in Eden Prairie and Pacifica Square Burnsville at Burnsville Center.
“We have an entrepreneurial spirit at Caspian and we encourage everybody to spread
their wings," Caspian Group co-owner Rafik Moore said. "Marshall will continue to be a
great friend and partner, and we’ll continue collaborating in a meaningful way.”
Nguyen plans to do more "Asian lifestyle" projects under Wyn Group. That means
additional adaptive reuse partnerships with Illinois-based firm Windfall Group, the main
entity behind the forthcoming redevelopment of Burnsville Center's vacant Gordmans
store into an Asian supermarket and food hall.
Nguyen and Manchik feel they share similar backgrounds, mindsets and motivations for
doing business. Both men were born in other countries and immigrated to the U.S. with
their families when they were children – Nguyen from Vietnam and Manchik from
The duo believes they see eye-to-eye on the importance of valuing relationships with
clients above all else and helping small-business owners achieve their American dreams.
They also want to bring more outside investment to Minnesota.
"We are the new generation of commercial real estate professionals," Nguyen said. "We're
very excited to continue being a catalyst, represent the unrepresented, and work with
the minority community here."
Wyn Group is looking to buy or rent a small office in Minneapolis or a suburb south of the
city and eventually grow its team to about 15 to 20 people.