2005 Corporate Sponsors

Adolfson & Peterson The Avalon Group Barna, Guzy & Steffen, Ltd. Bremer Bank, N.A. news Brookfield Properties (US) LLC The Business Journal Volume 19, Number 5 May 2005 CB Richard Ellis CSM Corporation Cambridge Commercial Realty Colliers Turley Martin Tucker Feature The Collyard Group L.L.C. Downtown Residential Growth Commercial Partners Title, LLC Cuningham Group Architecture, P.A. Finally Spurs Grocery Component Dalbec Roofing Exeter Realty Company by Deb Carlson, Northstar Partners Faegre & Benson LLP Fantastic Sams n today’s market, low interest rates are independent grocers, have pursued downtown General Growth Properties, Inc. encouraging more and more people to sites to no avail, being stumped by constraints Gray Plant Mooty Imove toward home ownership, and for square footage and parking. Finally, both Great Clips, Inc. downtown markets such as Minneapolis are Lunds and Whole Foods have announced plans H.J. Development, Inc. benefiting. In fact, residential growth is to open downtown stores. Heitman Financial Services LLC exploding in downtown Minneapolis. The CBD Lunds is set to open two new stores on J.E. Dunn – North Central housing base has dramatically increased over opposite ends of downtown. The first will be J.L. Sullivan Construction, Inc. the past few years and this growth trend is at 1201 Hennepin Avenue, the former Billy Jones Lang LaSalle expected to continue as impressive new condo Graham headquarters. Lunds recently KKE Architects, Inc. projects continue to lure residents downtown. Kraus-Anderson Companies acquired the property and plans to renovate LandAmerica Commercial Services In response to the growing residential the to make way for a new 17,000 sf Landform population, several grocers have made an store, which is slated to open by early 2006. Larkin Hoffman Daly & Lindgren Ltd. attempt over the years to make a grocery The second store location will be at 313 LaSalle Bank N.A. store site work in downtown Minneapolis. Central Avenue, in what is now the Lunds- M & I Bank Kowalski’s Markets, as well as other Downtown continued on page 2 Madison Marquette Messerli & Kramer, P.A. Midwest Maintenance & Mechanical, Inc. NorthMarq Capital, Inc. Snapshot Northtown Mall/ Glimcher Properties River Center Plaza Oppidan, Inc. Opus Northwest LLC Midwest Commercial Real Estate Paster Enterprises, LLC RLK-Kuusisto Ltd. RSM McGladrey, Inc. Location: Rochester, Current Occupancy: 65% RSP Architects Month/Year Opening: Opened in June, 1968; Number of Stores: 15-20 Reliance Development Company, LLP Rehab Project in 2005 and 2006 Robert Muir Company Anchor Tenants: NRI Electronics, VIP, Ryan Companies US, Inc. Owner: Northbrook, LLC Insty-Prints, Glynners Pub, Fiesta Mexicana SUPERVALU INC. Managing Agent: Lanmark Property Market Area Served: Rochester and Advisors, Inc. Southeast Minnesota TCF National Bank Minnesota Towle Financial Services Center Manager: Dan Hebert Construction Style: Modern style, brick, U.S. Bank glass and EIFS Leasing Agent: Michael J. Wilson, Broker, United Properties Lanmark Property Advisors, Inc. Additional Facts/Narrative: Located one Venture Mortgage Corporation mile from Rochester’s downtown on the city’s Weis Builders, Inc. Architect: Jordan Architects main thoroughfare with over 45,000 car traffic Wells Fargo Bank, N.A. Construction Contractor: Key Builders Inc. count daily. Located in the midst of one of the Welsh Companies, LLC city’s highest growth corridors. Westwood Professional Services, Inc. GLA: 127,020 sf DOWNTOWN continued owned Rick’s Market at Eastgate Center. Program Recap In concert with Exeter Realty’s plans to Geographic Forecast reposition the center with new and a residential component, Lunds plans to by Christopher Naumann, KKE Architects Inc. open a new 20,000 sf at this high-traffic site. The second location is Synopsis: On the afternoon of Wednesday, • Mankato is also home to several recently scheduled to open in the Spring of 2006. April 6th, at the Holiday Inn Metrodome, built power centers catering to national big Barry Brottlund of InSite Commercial Real box tenants including a Wal-Mart Supercenter, Meanwhile, Whole Foods has announced Estate moderated a panel of greater Home Depot and Gander Mountain. plans to purchase the current Luther Minnesota community representatives who Automotive’s Jaguar and Land Rover discussed the state of development outside May Professional Showcase dealership site at Hennepin Avenue and the Metro Twin Cities area. Tony Goddard, Washington Avenue South. The Whole of St. Cloud Opportunities Inc. and Philip Horizon Roofing & Sheet Metal was Foods store isn’t likely to open until 2007 Wheeler, Director of the Rochester/Olmstead started in 1976. They have installed though because Whole Foods still needs to Consolidated Planning Department were in over eleven million square feet of obtain city development approval and attendance and presented on their respective roofing and have done it to the highest Luther Automotive needs to first construct communities. Unfortunately, Patrick of standards. They have won thirteen a new dealership elsewhere. Once Hentges of the City of Mankato, scheduled manufacturer’s quality workmanship completed, however, the site will draw to appear, was unable to attend. However, awards, two of which put Horizon consumers from the hundreds of new Karla Keller Torp, of MSCA, made his Roofing and Sheet Metal in the top 6% housing units being added along the power point presentation available. of licensed installers in North America. Minneapolis riverfront. Horizon installs roofing systems St. Cloud Highlights: The St. Cloud throughout the state of Minnesota, with Why now? Simply put, grocery store sales regional trade area is comprised of 90% of their work within the seven are driven by density - the more people in communities of the cities of St. Cloud, county area. For your next roofing proximity of a site, the more food dollars Sauk Rapids, Waite Park, and Sartell. concern or roof project call Horizon available. Surveys have shown that the • The St. Cloud trade area is comprised of Roofing & Sheet Metal at 140,000+ workers in the Minneapolis a population of 260,000 and has grown (612) 333-1481 or (320) 252-1608. downtown market generally spend their 4.5% since the year 2000. disposable grocery dollars in their home • St. Cloud is home to six post secondary neighborhoods. Additionally, the housing educational institutions which serve base staying downtown has historically over 20,000 students who account for been too low to support high overhead costs over $69.7 million in commercial and the high sales volumes that grocers spending annually. need to make their 1% to 3% profits work. • Among popular retail destinations are the In 2000, just 20,200 residents lived in recently renovated Crossroads Shopping downtown Minneapolis. As of January Center, Rivertown Village, Sundial Mall, 2005, that figure has increased nearly 30% Pine Lakes, Albertville Premium Outlet, to 29,350, finally providing a sufficient Centenial , Division Place, population base to warrant the addition of and East Village Shopping Center. Thanks to member Kurt Scepaniak for a grocery component. Rochester Highlights: Rochester recently sponsoring April’s professional showcase. And what about downtown St. Paul? Yes, became the third largest city in the State. the St. Paul CBD includes a significant • Median income in Rochester is $70,000. Search Me employee base from businesses and • Rochester’s population has grown 32% Popular Dictionaries government offices, but downtown retail is since 1990 and the projected population of generally considered weak. While urban The American Heritage Dictionary: the city will be 134,000 by the year 2030. housing has increased, including www.yourDictionary.com Lowertown residential growth, it is at a • Rochester averages 150 days to process development proposals. This is well under Merriam-Webster Dictionary: noticeably slower pace than its www.m-w.com the 194 days allocated by ordinance. Minneapolis counterpart. In 2000, the Word or Phrases: www.onelook.com downtown St. Paul residential population Mankato Highlights: Mankato was was just 5,743 and today that number recently voted one of the top 15 most Definitions from Webster’s and more: stands close to 7,000—certainly an livable small cities in America. www.Dictionary.com increase, but still not enough population to • Mankato is home to the River Hills Mall, Cambridge Dictionaries: support a grocery store. As a result, there a regional shopping center owned by www.Dictionary.Cambridge.org are no current plans for new grocery General Growth Properties. It is the A Search for Glossaries/Subject entries into the St. Paul CBD and none are dominant shopping center serving both Dictionary: www.Glossarist.com likely in the foreseeable future. southern Minnesota and Northern Iowa. msca news 2005 2 www.msca-online.com MemberJeffrey J. CarriveauProfile

Primary Career Focus: Family: Emily is my wife and a wonderful To develop, manage and mother to our 16-month-old son, Jordan acquire successful retail Hobbies: Fishing, hunting, golf, traveling investments Job History: 1996’-1998’ Call4 Wireless, Company: H.J. 1998-2003 United Properties, 2003- present 2005 LEADERSHIP Development, Inc. OFFICERS H.J. Development, Inc. President Title: Partner, leasing Very First Job: Paper route Paul Sevenich, CCIM, Kraus-Anderson Co. agent, management, 1st Vice President brother in-law, son in-law, (we don’t have titles) Dream Job: Super Dad Sara Stafford, LandAmerica Commercial Services 2nd Vice President Hometown: Hopkins, MN (currently reside in Secret Talent: Buying my wife clothes and Jay Scott, Solomon Real Estate Group Delano, MN) jewelry Treasurer Ken Vinje, SCSM, Kraus-Anderson Co. Education: North Hennepin Community Favorite Food: Chinese and Thai Secretary College (Sales and Marketing), then about a Lisa L. Diehl, CCIM, McDonald’s Corporation MSCA Involvement: Member and Corporate 6x6 cube and a telephone that United DIRECTORS Sponsor for 4 years Wendy Aaserud, Madison Marquette Properties provided Brett Christofferson, Weis Builders, Inc. Gary Jackson, Retired/Consultant Kevin Krolczyk, Dalbec Roofing, Inc. Cindy MacDonald, Kraus-Anderson Co. Robert Pounds, SCSM, Welsh Companies, LLC Mary Wawro, Ryan Companies US, Inc. Immediate Past President Rising Star Michael G. Sims, United Properties Camille’s Sidewalk Café COMMITTEE CO-CHAIRS Awards Ronn Thomas, United Properties by Carol Ulstad, Suntide Commercial Realty, Inc. Kim Meyer, United Properties Community Enhancement Wendy Aaserud, Madison Marquette amille’s Sidewalk Café is one of the He is represented by Robin Keyworth of the Tom Heuer, Aspen Waste Systems, Inc. newest entries to the metro area’s fast Keyworth Companies (612-377-6774). They Golf Chris Hussman, Aspen Waste Systems, Inc. Ccasual restaurant arena. are actively seeking a second location in the Luann Sawochka, Rochon Corporation western suburbs. www.camillescafe.com Legislative Camille’s is a growing chain of coastal inspired Howard Paster, Paster Enterprises “sidewalk cafes”. Camille’s was founded by Todd Johnson, Steiner Development David and Camille Rutkauskas in 1996, Marketing and Communications Laura Moore, United Properties opening their first store in Woodland Hills Tom McGannon, Edwards & Kelcey Mall, Tulsa, Oklahoma in October of that year. Membership Cynthia Hable, Kraus-Anderson Co. Now, eight years later, Camille’s Sidewalk Café Sam Smolley, Smolley Consulting Group is stronger than ever with 121 stores in 20 Newsletter states. They are positioned for huge expansion Lisa L. Diehl, CCIM, McDonald’s Corporation throughout the and beyond. Ferne L. Sofio, Paster Enterprises Program Peter Berrie, Faegre & Benson LLP Camille’s serves gourmet wraps, traditional and Tom Madsen, Benson-Orth Associates, Inc. grilled Panini sandwiches, fresh salads, Retail Report smoothies, coffees and a variety of gourmet Holly Rome, Jones Lang LaSalle baked goods in a casual atmosphere where you Robert Pounds, SCSM, Welsh Companies, LLC Technology can eat, relax, and enjoy! Cindy MacDonald, Kraus-Anderson Co. Skip Melin, Colliers Turley Martin Tucker There are three franchisees in the state of Sponsorship Minnesota. One has a license for the “out Ned Rukavina, United Properties state” locations. Another has Ramsey, Anoka, Bill McCrum, RSP Architects Ltd. MSCA STAFF McLeod, Dakota, and Washington Counties and Executive Director - Karla Keller Torp Lenny Newman has Hennepin County. (P) 952-888-3490 (C) 952-292-2414 [email protected] Mr. Newman opened his first location at the Associate Director - Stacey Bursing (P) 952-888-3491 (C) 952-292-2416 Marketplace Lofts in Hopkins, Minnesota in [email protected] October 2004. He plans to open about one 8120 Penn Avenue South, Suite 555 store per year for the next five to seven years. Bloomington, MN 55431 (F) 952-888-0000 msca news 2005 3 www.msca-online.com CommitteeLegislative Committee Profile PASTER JOHNSON AMDAL he Legislative Committee, chaired by of concern with legislators and promote the Howard Paster and Todd Johnson, is MSCA name recognition at the Capitol responsible for presenting legislative T The Legislative Committee actively agendas and issues to the Governor’s office represents our industry’s concerns and and the Minnesota legislature. They do this encourages MSCA members to be aware, by understanding how certain bills may take action and get involved. affect our industry and actively lobbying on BODERMAN ELLIOTT FORSCHLER behalf of MSCA. This committee’s main goals include: CO-CHAIRS: • Defending the 2001 CI Property Tax Reform Howard Paster, Paster Enterprises Todd Johnson, Steiner Development, Inc. • Supporting the passage of a significant Transportation Funding Package to address MEMBERS: both roads and transit funding Jack Amdal, KKE Architects, Inc. FRYKMAN KORSH NUNEZ Greg Boderman, United Properties • Publishing the Retail Industry Impact Sonnie Elliott, Faegre & Benson LLP Statement to educate the legislature on how Richard Forschler, Faegre & Benson LLP shopping centers and how retailers affect Nancy Frykman, Robert Muir Company our state’s economy Mike Korsh, Kraus-Anderson Realty Company • Organizing the “Business Day at Capitol” Joe Nunez, Target Corporation program where MSCA members lobby at Brien Slawick, Slawick Properties SLAWICK SUCKOW the State Capitol with legislators to push Greg Suckow, Park Midwest Commercial Real Estate MSCA’s agenda and address issues of Dick Ward, Capps Companies concern for the Shopping Center Industry Joseph Weis, Weis Builders, Inc. • Coordinating approximately 4-6 Legislator Not Pictured Members: Coffee Meetings annually, offering MSCA Rob Stolpestad, Exeter Realty Company members an informal way to discuss issues WARD WEIS Gardeners Get Ready!!! Spring has sprung and Mother Nature success with annuals. Till the soil deeply Kong Coleus: Available in 5 colors - has provided us with an early spring. The and add a slow release garden fertilizer. scarlet, green, mosaic, red and rose and gardening season will be upon us soon After planting, adding mulch will help can reach a height of 12-18 inches. Used and it’s time to think about planting. control weeds and keep the soil moist and in a shade garden or mixed containers. cool. When planting in hanging baskets or Annuals are flowers that are used in the planters, ensure there are drainage holes Fusion Exotic Impatiens: Beautiful pastel garden or landscape for one growing season. and add a potting soil that drains well. colors including shades of yellow, peach, They are typically planted in the spring, apricot, orange and red. for most of the summer and are killed Newly planted annuals should be watered Ipomoea Sweet Caroline Red: Sweet by the first hard frost. Annuals can be used thoroughly. Adding fertilizer will provide extra nourishment resulting in improved potato vines popular for their great vigor, in hanging baskets, planters, and mixed in plant performance. Once established, beautiful colored foliage and hanging effect. the border of perennial and shrub plantings. watering can be reduced to once a week or Now available in a red-leaved variety. They are great just about anywhere you when the soil becomes dry. If possible, need a splash of color! Commonly grown water early in the day so that the foliage Look for these and other new annuals at annuals include marigolds, petunias, has a chance to dry before evening thus your local garden centers. Good luck with impatiens and geraniums, but there are discouraging plant diseases. Containers of planning and planting your gardens! many varieties available. hanging baskets should be checked daily. Guest author Bobby Jensen, Sr. V.P. My rule of thumb for planting annuals is Wind & summer heat will cause rapid Outdoor Environments Inc. & Co-Host after Mother’s Day. This will ensure the drying making it necessary to water daily. of Channel 11, Grow with KARE with danger of frost has passed. Good soil Here are a few of my favorite great new Belinda Jensen. preparation is essential for the growing annuals for 2005!! msca news 2005 4 www.msca-online.com AroundRetail Tidbits the Marketplace by Lisa L. Diehl, McDonalds’s Corporation

● Ampersand has officially moved from ● Blockbuster Entertainment decided to Management. The company owns 6.8% 50th and France to the Galleria in Edina. end its pursuit of Hollywood Video after of Circuit City stock. the Federal Trade Commission delayed a ● Buca, Inc. received a notice that they ● Discount retailer ShopKo Stores, Inc. ruling on its proposal to buy the chain for will be delisted for failing to file its 2004 has agreed to be acquired by Goldner $991 million. The FTC noted that annual report in a timely fashion. Hawn Johnson & Morrison, Inc., a Blockbuster provided insufficient data Minneapolis-based buyout firm, for ● Gander Mountain Company is fishing regarding its bid. slightly more than $1 billion. to open a 67,000 sf new big-box store in ● Ultimate Electronics is putting itself up ● Woodbury along Interstate-94 and Hudson Marshall Field’s is back on the Web for sale and will further close nearly half Road, and will likely close its existing with its latest version of the site, of its 62 stores and lay off 965 employees. shop at Woodbury’s Valley Creek Plaza. www.fields.com ● announced it has ● The Commerce Department reported ● Target’s Club Wedd gift registry is completed the purchase from Roundy’s of that retail sales rose a disappointing 0.3% partnering with The Knot, which calls itself the net assets, including customer in March, missing expectations for a 0.8% the world’s most-trafficked wedding Web contracts, of the wholesale food rise. Analysts say the economy may be site. Beginning in late spring, the Target distribution division in Indiana and Ohio entering a “soft patch” and also name high Web site, www.clubwedd.com will offer and two retail stores in Ohio. gasoline prices as a reason for reduced tips, advice and other information from consumer spending. The Knot. ● Subway is testing a breakfast program in four of its markets. Burger King is ● Starting this summer, Simon Property ● Two more “fast casual” Mexican-style testing its Enormous Omelet Sandwich. Group will sell ad space on outdoor restaurants plan to enter the Twin Cities Starbuck’s has been quietly testing a billboards at its malls. market with two Salsarita’s Fresh Cantina limited breakfast menu, including egg, ● stores in 2005 and Moe’s Southwest Grille In an effort to emerge from Chapter ham and cheese muffins. Starbuck’s has with 10 franchise agreements for the state. 11, Spiegel is proposing to spin off also acquired Ethos Water, a privately held Eddie Bauer. ● Pet supplies are the latest product bottled-water company based in Santa ● Of the 94 million sf of retail GLA set category to get their own separate section Monica, . Look for the water in to open this year, nearly 50% will be on .com. Consumers will be able stores later this year. traditional malls. Power centers will make to shop for pet necessities, personalized ● Circuit City rejected the buyout offer of up 26% and lifestyle centers will account items and unique gifts for their pets. $17 per share from Highfields Capital for 15%.

2005 Event Schedule FeaturedThank Corporate You! Sponsors Our monthly program meeting date is the first Wednesday of every month. All meetings will be held at 8:00 a.m. Brookfield Properties (US) LLC Reliance Development (registration at 7:30 a.m.) at the Company Vision: To be a leader in Company, LLP Sheraton Bloomington Hotel unless otherwise noted or publicized before the North American commercial real Company Vision: To build a portfolio the program. Program topics and estate industry. of quality retail real estate income location are subject to change. producing assets through development Faegre & Benson LLP and acquisition. Wednesday, June 1 – Industry Trends Company Vision: Service and Monday, June 20 – Annual responsiveness. Named among the top Madison Marquette Golf Tournament Majestic Oaks U.S. law firms for client service two years Company Vision: To provide integrated Golf Course in a row. retail solutions with our full-service Wednesday, July 6 – Professional capabilities for our clients. Development Great Clips, Inc. RSP Architects Wednesday, August 3 – Retail Focus Company Vision: To be the #1 dominant Tuesday, September 13 – MSCA/ haircare brand. Company Vision: What we imagine and ICSC Program build together is better than any of us can Wednesday, October 5 – Mall Focus create alone. msca news 2005 5 www.msca-online.com MarketHighway 61Update Revisited by Ross Dahlin, Itasca Funding Group, Inc.

orty years ago when Bob Dylan Lake City (pop. 5,054) is currently too Petsmart will be building this summer released his famous song about this small of a community to attract attention adjacent to T.J. Maxx. Other retailers that Fhistoric highway, he was probably from large retailers. However, the city have recently entered include referring to the Mississippi Delta region appears to be on the cusp of growth as the Home Depot, , Cold Stone Creamery, rather than Southeast Minnesota. While 700-acre of Lake City residential and Hooters. Bed, Bath & Beyond is both regions are steeped in history, the and golf course community takes shape in actively searching for a site in La Crosse. communities along Highway 61 in the hills east of downtown. This master Downtown La Crosse, benefiting from a Minnesota and are enjoying will include retail/ sizable student population (10,000) at steady economic growth and offer strong office development along Highway 63. UW-La Crosse, has remained a viable demographic characteristics for retailers. entertainment and retail destination. With Winona (pop. 27,018) has a sizable Red Wing, Lake City, Winona, and La the closing of apparel retailer Salem population and reliable job base to attract Crosse were some of the first settlements Marcos & Sons and other vacancies along several retailers. Most large shopping in the region and continue to offer an Pearl Street, several thousand sf of destinations are located along Highway 61 attractive location to do business. downtown retail space await new tenants. southwest of downtown and include South of downtown, Kraus-Anderson has Treasure Island Casino, a strong central Target, Wal-Mart Supercenter, Menard’s, recently renovated and “de-malled” the business district and proximity to the Twin Mills Fleet Farm, and a new Walgreen’s. Shelby Mall, which contains retailers such Cities has allowed for steady population “Riverbend Shoppes” adjacent to Wal-mart and business growth for Red Wing in as ShopKo, Ace Hardware, Hallmark and is being developed with spaces available recent years. Its trade area (pop. 36,240) Radio Shack. Walgreen’s and the markets’ between 1,300 sf and 4,500 sf. Northwest encompasses a 15-mile radius and includes second Wal-Mart Supercenter opened next of downtown is another retail cluster the communities of Lake City and to Shelby Mall. La Crosse is also in the including Hy-Vee, JCPenney, Slumberland, Ellsworth, WI. Commercial growth has planning stages of a large riverfront Shopko, and the Winona Mall. A large progressed steadily along Highway 61 development near the convention center retail space is available next to JCPenney between downtown and the casino. Target that will include both residential and retail recently vacated by Econofoods. has recently located near the Red Wing space. Onalaska has recently seen retail Mall. Menard’s and a Wal-Mart La Crosse, Wisconsin (pop. 52,000) and developments including Market Place and Supercenter have recently opened in the adjacent Onalaska (pop. 15,000) is the Main Street Center. Onalaska is where a vicinity, with vacant commercial land for largest community along the Mississippi majority of new growth is concentrated in sale next to both retailers. Red Wing is River between the Twin Cities and the the La Crosse area and has much perhaps best noted for its several specialty Quad Cities. Its 50-mile trade area commercial land available for development. retail centers that cater to tourists including population of 400,000 has attracted many Revisited by tourists and reinvented by Pottery Place Mall, Riverfront Centre, and regional and national retailers in and their businesses and residents, the the St. James Hotel. Econofoods is the around the 590,000 sf Valley View Mall. communities along the Mississippi River largest grocer in town and located in vacated across from the mall have a future of steady growth that will recently built Red Wing Plaza, along with last year and have been replaced by T.J. continue to attract retailers to the area. Blockbuster, MGM Liquor, and Chuck & Maxx & More, MC Sports, and Old Navy. Dons Pet Food Outlet.

Bookmark Winning by Jack Welch. Jack’s back with his latest book, alone; i.e. invisibility is a fate worse than failure. A book full of devoting it to the “real” stuff of work – how to lead, hire, get good, specific advice. ahead, even write a budget. His optimistic, no excuses, get-it- Lion Taming, by Steven Katz. Lions are the people all around us done attitude is, as always, a riveting read. with power, responsibility, authority and talent. Lions are never Never Eat Alone: And Other Secrets to Success, One tame, and you need strategies to deal with that, remembering that Relationship at a Time, by Keith Ferrazzi and Tahi Raz. The lion taming is really lion teaming. Katz helps get inside the authors’ secret to getting ahead in life and climbing that ladder minds of the leaders, bosses and those tough customers to to personal success lies in reaching out to other people. They communicate better and work more effectively together. offer practical, proven principals for genuine relationship Contact Deb Carlson at [email protected] with building, such as don’t keep score, and, of course, never eat your recommendation.

msca news 2005 6 www.msca-online.com Press releases are printed based 2005 Mother’s Day upon availability of space and May After a dip in Easter spending, Member News relevance to the local market. consumers are planning to pull out their wallets for mom this month, Stahl Construction Company Lund Joins Cornerstone Group according to the NRF 2005 Mother’s Stahl Construction Company has Pete Lund, Vice President of Strategic Day Consumer Intentions and Actions successfully completed a new 5,600 sf Operations, recently joined the Survey, conducted by BIGresearch. restaurant in Maplewood, Minnesota for Cornerstone Group and will be involved Total Mother’s Day spending is Buffalo Wild Wings Grill & Bar. with strategic planning for the company. expected to climb 9.5% to $11.43 billion, up from $10.43 billion in 2004. Developer and owner Chesapeake He previously had been with CBL Properties managing Burnsville Center. This year, 83% of consumers plan to Companies began construction in celebrate Mother’s Day, slightly more November of 2004. Stahl also constructed Upland Sells Three Arby’s than last year’s 81.8%. for Chesapeake Companies a new 5,500 sf Jared Jewelers and a 9,500 sf retail center Properties The average person plans to spend $104.63 on Mother’s Day, which falls on the same parcel as the new restaurant. Upland Real Estate Group, Inc. announces on May 8, up from $98.64 in 2004. Muir Doran Construction the sale of three Arby’s properties located in Minnesota. Upland recently sold the Muir Doran Construction has been Arby’s located in Albert Lea, Austin and 2005 Summer Minnesota awarded the new 45,000 sf Best Buy store Cambridge for a total of $4.4 million and a Construction Overview in Oakdale and it is expected to be total of 6,850 sf. complete in July 2005. The fourth The Minnesota Department of building at Silver Lake Village has broken Transportation wants you to return ground. Work has begun on a new Cold home safely. Web site information Stone Creamery in Minnetonka, includes statewide construction, metro Minnesota. This will be the 17th store construction, major construction they have built. projects, summer work zone safety. Go to www.dot.state.mn.us/construction/.

msca news 2005 7 www.msca-online.com Minnesota Shopping Center Association FIRST-CLASS MAIL U.S. POSTAGE 8120 Penn Avenue South, Suite 555 PAID Bloomington, MN 55431 MINNEAPOLIS, MN PERMIT NO. 27334

DON’T FORGET Register for your golf foursome today!