Minneapolis (MAY 31, 2017) –
Mid-America Real Estate – Minnesota, LLC has been named as the retail marketing and leasing firm for the Macy’s redevelopment project on the Nicollet Mall in downtown Minneapolis.
Mid-America’s Senior Vice President of Leasing, Tricia Pitchford and Vice President of Leasing, Jesseka Doherty will be the lead leasing team for the retail component of this project. They will collaborate with 601w Companies and United Properties, the project developers, and Telos, the project’s office leasing partner, for redevelopment of the landmark property.
The iconic Macy’s building (formerly Dayton’s) is located in the heart of downtown Minneapolis’ CBD on the corner of South 7th Street and Nicollet Mall. The retail component will likely incorporate creative reuses of the lower, street and skyway levels, tying them together visually and structurally. Prospective uses include; entertainment, food hall, restaurants and traditional retailers, a number of which are expected to be new to the market.
“It is an extremely exciting opportunity for all of us at Mid-America to be working with 601w and United Properties on this high profile and iconic repositioning in downtown Minneapolis. We are very proud of the work our team has put forth thus far and we’re looking forward to the next steps with all team members of the project. We are honored to be a part of what’s sure to be history in the making,” said Doug Sailor, Principal/Managing Director of Mid-America Real Estate – MN, LLC.
“The addition of Mid-America to the Macy’s building transaction team is another strong step forward in imagining new possibilities for this most important downtown property,” said Bill Katter, president and chief investment officer of United Properties. “The retail expertise that Mid-America brings to the project adds momentum to a group already buzzing with plans and ideas to drive the redevelopment of this iconic landmark into its next purpose as a transformative downtown destination.”
In addition, other partners selected for the project are: The Telos Group, providing redevelopment consulting and office marketing and leasing services, Gensler & Associates as the lead architect and Transwestern as the management agent.
Mid-America Real Estate – Minnesota, LLC is a member of Mid-America Real Estate Group and a ChainLinks affiliate. The company is the Midwest’s leading full-service retail real estate organization with offices in Minneapolis, Oakbrook Terrace, Chicago, Milwaukee and Detroit. For more information, call (952)563-6600 or visit www.midamericagrp.com.
The principals of 601w oversee one of America’s leading private real estate acquisition, ownership, development and management portfolios in the county. Over the past 15 years, 601w has acquired a number of substantial and well-known commercial properties throughout the county, aggregating 45 million square feet, with a collective value in excess of $7.5 billion. In relation to these deals, 601w has raised more than $2 billion in equity, mostly from longstanding investors, and has consummated transactions involving 40 major office buildings, including 11 in Manhattan and 6 in Chicago. For more information visit www.601wcompanies.com
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for 100 years. The company imagines new possibilities in real estate to help strengthen communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with an office in Denver. For more information, visit www.uproperties.com or follow on Twitter at @UPDeepRoots.
Suzanne Jones Marketing Director
Mid-America Real Estate – Minnesota, LLC
Director of Marketing