New lease and additional lease extension with Fairview Health Services totals 20,000 sq. ft.

MINNEAPOLIS (Sept. 13, 2010) – United Properties announces that Fairview Health Services School of Radiation Therapy has signed a seven-year lease at Southdale Place, its four-story 68,385-sq.-ft. medical building in Edina, Minn. A division of Fairview’s Educational Center, the new tenant recently took occupancy of 5,900 sq. ft. on the fourth floor. Fairview Health Services also renewed a 14,400-sq.-ft. space on the second and fourth floors.

Fairview Health Services School of Radiation Therapy is coming to Southdale Place from Southdale Medical Center. Working with hospital radiology staff, the school was looking for academic and imaging space close to Fairview Southdale Hospital.

“We are fortunate that Fairview Health Services School of Radiation Therapy and Fairview’s Imaging Services are located at Southdale Place – it is such a conducive site for student education,” said Linda Dehrer-Wendt, program director, Fairview Health Services School of Radiation Therapy.

Fairview Health Services was represented by Steve Brown of NorthMarq’s Healthcare Advisory Group. United Properties is represented at Southdale Place by leasing agents Dan Nechanicky and Chris Jacobson of NorthMarq, which also handles the management of the medical office building.

About United Properties
United Properties, based in Minneapolis, Minn., specializes in commercial real estate development and investment. Since 1975, United Properties has provided development services for the retail, residential, office, medical and industrial sectors. In addition to a large presence in the Minneapolis-St. Paul market, United Properties’ Colorado division develops retail properties as well as office and flex office buildings. Formed in 1916, the United Properties investments group acquires, manages, finances and disposes of the company’s real estate investments, which includes nearly 60 office, medical, industrial and retail assets in Minnesota, Wisconsin and Colorado. For more information, visit www.uproperties.com.

About NorthMarq
NorthMarq offers commercial real estate services, including transaction and advisory services, real estate management, and debt and equity placements, to investors and occupiers of commercial real estate from its headquarters in Minneapolis.

The company manages more than 60 million sq. ft. of retail, industrial and office assets in 22 markets around the country, handles more than 7,500 transactions annually and provides real estate debt and equity financing, and commercial loan servicing in 32 offices coast-to-coast, with an average of $10 billion in annual production volume and services a loan portfolio of more than $39 billion. For more information, visit www.northmarq.com.

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