This brings to six the total number of retailproperties that United Properties is managing for Oppidan. Other properties are inMarshalltown, IA; Cedar Rapids, IA; Red Wing, MN; andStillwater, MN.
Delano Crossings is a 90,000 sf, grocery-anchoredstrip center currently under construction at Highway12 and County Line Road in Delano, MN. The center willinclude a Coburn's Grocery, Snyders Drug Store, GreatClips, Delano Eye Clinic and McDonald's. It isprojected to open the first quarter of 2002. Pre-leasing figures and the rents weren't disclosed.
Shakopee Valley Marketplace is a 280,000 sf powercenter located at Highway 169 and Marshall Road inShakopee, MN. The center, which opened last summer, isanchored by Kohl's and Target. Other tenants includeFamous Footwear and OfficeMax. The occupancy and rent range weren't disclosed.
"Working with a client on multiple sites allows us tofocus on portfolio-wide objectives and improves theefficiency of our team," Dean Freeman, seniorvice president, United Properties Property Management, says in a prepared statement. Beth Holmgren is United's senior property manager for Oppidan's properties.
These assignments boost United Properties' retailproperty management portfolio to 4.5 millionsf.
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