JULY 2014

In this Issue

ICSC Recon ------1 Member Profiles ------2 Northstar Lacrosse ------3 Minnesota Marketplace ---- 4 Program Recap ------8 Connection Golf Tournament ------10 Feature Article RECAP: by Jesseka Doherty , ICSC RECON Mid-America Real Estate – Minnesota LLC he annual ICSC ( International Council of Shopping main hub of the convention floor, which is where most retailers Centers ) RECon (Real Estate Convention) was recently have their booths. held from May 18-20, a new schedule from years’ past. Educational seminars are offered each day of the Typically, the convention schedule is held over two full days, convention. This year included “The Future of the Department Monday and Tuesday, and a half day on Wednesday. This Store,” “Essential Restaurant Fundamentals,” “Expanding the year it was decided to hold the half-day session on Sunday life of your asphalt pavements” rather than Wednesday. and “Retail Property Speculation is that the City of Redevelopment,” among Las Vegas wants attendees to fly several others. in earlier for a long weekend before the convention instead The day does not end when the of leaving right away Tuesday convention floor closes at 5p.m. night or Wednesday. The 2015 Landlords, developers, brokers, schedule has not been and many others host cocktail announced, but the general parties and dinner receptions consensus is to keep the half with as few as a dozen or as day on Wednesday or stick with many as a few thousand each just two full days. night. These are great opportunities to continue to For those not familiar with this network with industry global convention, it is held professionals and clients from every year in Las Vegas, NV in around the world whom you May the week leading up to Memorial weekend. There are 25 may not see for another year until the next convention. Since smaller conventions held throughout the year in San Diego, the recession, the lavish parties have decreased, though you Dallas and New York to name a few, which only see 7,500 could probably pry a few good stories out of this year’s attendees each year at most. The RECon in Las Vegas is by far convention parties! the most attended with more than 34,000 attendees and 1,000 exhibitors estimated this year from across the world. Why would you attend this convention? If you are negotiating Although impressive, this is down quite a bit from the peak in a Purchase Agreement, Letter of Intent or Lease where one of the pre-recession era of over 50,000 attendees. the parties is located out of state, it is great to have a face-to- face meeting to discuss possible deal terms you are having Those that attend these conventions are similar to all of us that trouble getting finalized on a phone call or email string. You attend the monthly MSCA breakfast meetings: retailers, cannot read body language over the phone or on email. As landlords, brokers, developers, investors, vendors, architects, silly as it seems, some meetings are held where most everyone managers, and contractors. The Las Vegas Convention Center is from Minnesota! Managers and vendors can also get is home to RECon, which has more than 2 million square feet valuable face time learning about new products or discussing of exhibition space along with over 241,000 square feet of strategies to keep those CAM (common area maintenance) meeting rooms. The exhibition space is broken down into numbers down. Typically, meetings are pre-booked weeks three halls – North, Central and South (which has two levels). before the convention and are held every half hour. However, When walking between the three halls, you feel like you’re brokers will also cold-call booths, trying to get on-the-spot walking from the North, Central and Southern United States meetings with retailers and present sites they feel would be a and can easily log 10 miles, unless you’re lucky enough to find good fit, or also to make sure they have the right contact the secret golf cart passage between South and Central halls. information within the real estate department. Within the three halls, the exhibitors have booths, to set up The majority of people I spoke with felt the convention this displays of their products or food, and most will have meeting year was a great success and left with deals having areas for brokers, landlords and retailers. These “booths” can progressed much more than they would have otherwise. get as large as 15,000 square feet. The South hall is by far the continued on next page >

MSCA Connection July 2014 1 ICSC Recon Recap - continued

Others had a lot of face time with retailers to hopefully lead to deals. The schedule change was certainly a hot topic of conversation, with many on both sides of the debate. I think it’s safe to say there does not seem to be an increase in the type of retailers exhibiting with booths; only a few new ones have entered the arena here and there. It’s a lot of the same players year after year. The food groups are catching on as more are handing out samples and you can even get your haircut if your pre-convention planning didn’t allow time for a trim! No doubt that RECon will continue to be a success and a great use of everyone’s time and money as time goes on. Hopefully the schedule can be solidified and remain constant, with attendance continuing to climb.

MSCA would like to thank Hellmuth & Johnson for sponsoring our first new member luncheon in nearly four years. So far in 2014, MSCA has 76 new members!

Member Profiles Jeremy Striffler Sonnie Elliott Cushman & Wakefield/NorthMarq Faegre Baker Daniels LLP

What is your primary career focus? What is your primary career focus? I am a Retail advisory lobbyist at the Minnesota State Capitol What is your favorite Disney movie? What is your favorite Disney movie? Toy Story Robin Hood What junk food is your weakness? Popcorn What junk food is your weakness? What makes you feel old? Being old Chocolate chip cookies What is something you have always wanted What makes you feel old? Meeting the new to try? Living in Northern Minnesota summer interns each year If you could hire out one household chore, what would it be? What is something you have always wanted to try? Water Walking the dog skiing What is your favorite board game? Scrabble If you could hire out one household chore, what would it be? What was your favorite toy as a kid? Barbies Folding laundry How many rings before you answer the phone? At least three What is your favorite board game? Clue What is something you said you would never do, but did What is your favorite alcoholic drink? Pinot Noir anyway? Wear ugly, but comfortable, shoes What was your favorite toy as a kid? Thunder Cats action How long have you been an MSCA member? 14 years figure How many rings before you answer the phone? One What is something you said you would never do, but did anyway? Ride a motorino through the streets of Rome How long have you been an MSCA member? Almost three years MSCA Connection July 2014 2 Rising Star Minnesota: Land of 10,000 Laxers by Susanne Miller , Loucks Associates

acrosse (AKA lax) has a long history in Minnesota and was at recruit played in all of its forms before settlers arrived from showcases Europe. The native game was an athletic contest of great throughout the Lskill, pride and spiritual significance. country. Today lacrosse is one of the most popular sports among Thanks to Flam’s Minnesota youth. The Minnesota State High School League first passion and sanctioned a lacrosse state tournament in 2007 and today the commitment, the MSHSL website lists more than 55 boys’ teams and 60 girls’ sport of lacrosse teams. A recent study conducted by the Sporting Goods continues to add Manufacturers Association said nationwide participation in the enthusiastic sport increased 218 percent in the past decade. players to its rosters. To learn Northstar Lacrosse founder Ian Flam has played a pivotal role more, visit any of in the return and continuing popularity of lacrosse in Flam’s three Minnesota. In 2001, Flam founded Northstar Lacrosse, the first convenient lacrosse-only store in Hopkins. Since then, he has added two Northstar Lacrosse additional locations in Bloomington and Roseville. Northstar locations: Lacrosse works with associations and teams throughout the metro to outfit players with uniforms, equipment, spirit wear, Northstar Hopkins and more. 774 Mainstreet, Hopkins, 55343 Northstar Bloomington Flam also runs some of the most popular camps, clinics, and 3810 W Old Shakopee Rd, Bloomington, 55431 leagues in the Midwest. He hires high-profile college Division Northstar Roseville One coaches to run his Lacrosse Academy camps to ensure 1789 Lexington Ave, Roseville 55113 players receive the best instruction available. In addition, Flam helps run the MN Elite travel teams that represent Minnesota

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MSCA Connection July 2014 3 July 2014 compiled by Jeremy Striffler , Minnesota Marketplace Cushman & Wakefield/NorthMarq

The 32,000-sf AMF Bowling Center, located at 6310 Highway 65 Long-awaited Bogart’s Doughnut Co. is officially open at 36th in Fridley, was sold and will be renovated by Banquets of & Bryant. The store is the brick and mortar for owner Anne Minnesota as an event center offering full-service catering Rucker, who has been selling her doughnuts and baked goods and event planning for any occasion. at the Kingfield farmer’s market. My Dog Spot held a ribbon- Walgreens is nearing a deal to open a large, upscale store in cutting ceremony this past downtown Minneapolis at the location where month in Cottage Grove. Saks Off 5th is today. Located in the Shoppes at Red Cow opened its second Almar Village, My Dog Spot is location, this one in St. Paul’s a roughly 3,700-sf haven for Cathedral Hill neighborhood. The smaller dogs in the area. menu is the exact same as Red Owner Sharon Daily renovated Cow’s first location, which the former Laurel’s Floral site, opened in Minneapolis in early following its move to Hastings. 2013, featuring 16 kinds of She also bought the adjacent suite next to Bonngard’s Meats, burgers, tons of beer on tap, which has been vacant for several years. weekend brunch, and more. A A new restaurant called Saguaro is slated to open this summer third Red Cow location is slated at 5309 Lyndale Avenue South. The mother-and-daughter to open in the North Loop next team of Caryl Abdo and Amanda Abdo Sheahan is launching February. the venue — their family is recognizable for its ownership of the A new German bakery and coffee shop called Aki’s Bread Nicollet Island Inn, the My Burger chain, and other ventures Haus opened at 2506 Central Avenue NE. The bakery had such as the ice supply for the Minnesota State Fair. Saguaro pretzels, broetchen, pastries and organic honey oat bread (named for the cactus) is devoted to the Sonoran cuisine of available on opening day, and soon sourdough will be ready. Arizona. The restaurant is targeting an August opening date, filling a yearlong vacancy created by Caribou’s sudden Dave & Buster’s wants to open a second Twin Cities location at departure. , but it needs help from the Edina City Council. The mall’s owner asked the City Council to ease The east metro will finally get a blow-dry bar. Blast Dry Bar will liquor laws that prohibit granting a full liquor license to open its fourth Twin Cities location at in early businesses with games of amusement — Dave & Buster’s is an August. Blast, which specializes in $35 blowouts, will take the arcade paired with a restaurant. Dave & Buster’s is looking to former Woodbury Nails and Spa space on the southwest side lease space on the third floor of the mall, which is mostly of the outdoor mall. vacant now but would get a “multimillion-dollar” investment Lyn-Lake staple Falafel King announced for the potential tenant. The size of the proposed Southdale that it will be closing in September. The Dave & Buster’s was not disclosed, but they typically range falafel joint has been at the corner of from 25,000 to 40,000 sf, according to the company’s website. Lyndale Avenue & Lake Street since The newest tenant in the Shops at West End is a huge 1982. Owner Fouad Masroujeh said that entertainment venue that includes a restaurant, bar, bowling he sold the Lyn-Lake building because alley, comedy club, arcade, patio and perhaps a cigar room. he was tired of being a landlord and he Jacksonville, Fla.-based Latitude 360 signed a lease for 43,000 plans to lease the space until he closes sf on the south end of the St. Louis Park retail center. the restaurant in September. Tim McKee has another Motto has closed at 31st & Hennepin in restaurant on the Minneapolis. Owners Maria Walker and horizon. Minnesota’s first Maryn Bulygo say they are currently James Beard award- looking for a new location. winning chef is Three Twin Cities Champps locations are getting new names. converting the former A fourth, in Maple Grove, closed. It’s the latest blow to the Uptown Cafeteria into once-proud sports bar chain that started in Minnesota nearly Libertine . Four-year-old 30 years ago. The locations that changed names are: the Cafeteria served its last West Seventh location in St. Paul — the original Champps — is meal at the end of May. now 7th Street Tavern; the New Brighton location is now New McKee has set July 16 as Brighton Bar & Grill; and the Woodbury location hasn’t chosen the re-opening date. a new name and is going without one for now. Four Champps continued on next page > remain in Burnsville, Eden Prairie, Minnetonka and Richfield.

MSCA Connection July 2014 4 Minnesota Marketplace - continued 2014 MSCA SPONSORS Gray House in Uptown will close on July 31. Gray, his sous chef ACI Asphalt Contractors, Inc. Jessica Knettel, and his front of house manager Kiri Anderson All Ways Drains LTD JULY 2014 are looking at a new space in northeast Minneapolis and Allied Blacktop Company hope to portage The Gray House sensibility to Nordeast, Featured Aspen Waste Systems, Inc. which they feel has the potential to be as restaurant- Sponsors Asphalt Associates Inc saturated as southwest Minneapolis has gotten lately. BMO Harris Bank Click on Super health-focused casual spot Agra Barna, Guzy & Steffen, Ltd. company logo Culture Kitchen & Press officially opened in Bremer Bank, N.A. to learn more. Uptown’s Walkway Apartments. CBRE CSM Corporation Rita’s Italian Ice , a Pennsylvania-based Colliers International | Minneapolis-St. Paul Italian ice franchise with more than 600 Cuningham Group Architecture, Inc. stores in 23 states, opened its first Minnesota location in Cushman & Wakefield/NorthMarq Eagan. Eagan franchisees Adam and Angela Ailloni have a Cutting Edge Property Maintenance franchise development agreement for Minnesota and are The Driessen Group, LLC working with potential franchisees to open more locations. Faegre Baker Daniels LLP They plan to open 20 Rita’s locations in the Twin Cities by Fendler Patterson Construction, Inc. 2020. First American Title Insurance Co. Tradition Creek , the camping and outdoor supply store in St. Fredrikson & Byron, P.A. Paul, plans to shift its focus to online and eventually close its Great Clips, Inc. log cabin-style store on Seventh Street. No date has been set. H.J. Development, Inc. Paperista is closing its doors at 50th & France, but the party Inland Real Estate Corporation isn’t over for the independent stationery and design business. Jones Lang LaSalle After a maternity leave, owner Antoinette Ramos, who is Kimley-Horn and Associates, Inc. giving birth to twins, plans to open a Paperista studio to focus Kraus-Anderson Companies on custom invitations and design—the heart and soul of the Larkin Hoffman Daly & Lindgren Ltd. business. The Lawn Ranger Outdoor Services Lindquist & Vennum L.L.P. Two national retailers opened in the former Dunn Bros Coffee MFRA, Inc. space at 228 Washington Avenue North. Shinola , a Detroit- based maker of handcrafted watches, bicycles and leather The Mandinec Group Landscaping Inc. goods, and Filson , a Seattle-based brand of outdoor clothing McGladrey and accessories, have teamed up to take over the space McDonough’s Water Jetting and Drain Dunn Bros left in December. Dunn Bros relocated to a brand- Messerli & Kramer P.A. new space in the Dock Street Flats apartment building just Mid-America Real Estate – Minnesota, LLC down the street. That location has been open since February. Midwest Maintenance & Mechanical, Inc. Total Wine and Spirits signed a Minneapolis/St. Paul Business Journal lease for 20,517 sf at Minnesota Real Estate Journal Woodbury Village in NaturalGreen Landscape Management Woodbury, Minnesota. The Oppidan, Inc. 330,077-sf center is located at The Opus Group the intersection of Highway Paster Enterprises 494 & Valley Creek Road, and Prescription Landscape is anchored by Target. Robert Muir Company Ryan Companies US, Inc. Burlington Coat signed a lease Smith Gendler Shiell Sheff Ford & Maher for 52,326 sf at Har Mar Mall Stinson Leonard Street LLP located in Roseville, TCF Bank Minnesota. The 430,000-sf center is located on Snelling TCI Architects/Engineers/Contractor, Inc. Avenue just south of Highway 36, and is anchored by Barnes & Noble, Marshalls, Famous Footwear, Cub Foods, and Trautz Properties, Inc. HomeGoods. U.S. Bank Starbucks signed a lease for 1,800 sf at Woodbury Plaza in United Properties Woodbury and a lease for 1,922 sf at Crystal Gallery in Crystal. Venture Mortgage Corporation Weis Builders, Inc. Wells Fargo Bank, N.A. Westwood Professional Services, Inc. Wipfli LLP-CPAs & Consultants

MSCA Connection July 2014 5 Buerkle Acura presents

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MSCA Connection July 2014 6 MSCA LEADERSHIP MSCA Events OFFICERS COMMITTEE CHAIRS President Golf 2014 Calendar Deborah Carlson , Cushman & Wakefield/ Mike Collins , Cutting Edge Property NorthMarq Maintenance 1st Vice President Dan Jernberg , All Elements Roofing Tony Barranco , Ryan Companies US, Inc. Learning Session 2nd Vice President Cindy MacDonald , Kraus-Anderson July 2014 Bob Pounds , Colliers International Companies Treasurer Shelia Zachman , Commercial Realty Hans Rasmussen , Robert Muir Company Solutions SUN MON TUES WED THUR FRI SAT Monthly Program Secretary Legislative 1 2345 Janet Goossens , Kraus-Anderson Companies Leah Maurer , Cushman & Wakefield/ Third Thursdays NorthMarq DIRECTORS Paul Berg , Marcus & Millichap 6 789 10 11 12 Jesseka Doherty , Mid-America Real Estate – Networking Learning Session Johnny Reimann , Mid-America Real Estate – Minnesota, LLC 13 14 15 16 17 18 19 Daniel Gilchrist , Lindquist & Vennum P.L.L.P. Minnesota, LLC Margaret Jordan , Caribou Coffee Emily Becker , Cushman & Wakefield/ Golf Tournament Company, Inc. NorthMarq 20 21 22 23 24 25 26 Jeff Orosz , Sambatek, Inc. Newsletter Rick Plessner , Inland Real Estate Corporation Jeremy Striffler , Cushman & Wakefield/ Holly Rome , Mall of America NorthMarq 27 28 29 30 31 Paul Schroeder , Westwood Professional Judy Lawrence , Kraus-Anderson Companies Services Program For more information and Immediate Past President (as Director) Caleb Frostman , U.S. Bank registration, go to Ronn Thomas , Cushman & Wakefield/ Jeff Budish , CBRE August 2014 NorthMarq Retail Report www.msca-online.com Ann Olson , BMO Harris Bank Jesseka Doherty , Mid-America Real Estate – SUN MON TUES WED THUR FRI SAT STAFF Minnesota, LLC 1 2 Click on date within Executive Director Sponsorship current month for details Karla Keller Torp Wendy Madsen , Ryan Companies US, Inc. 3 456 789 and registration link for that (P) 952-888-3490 (C) 952-292-2414 Kurt Stenson , Cushman & Wakefield/ Associate Director NorthMarq meeting. Ryan Hericks STARR Awards 10 11 12 13 14 15 16 (P) 952-888-3491 (C) 952-292-2416 Eileen Engels , Verizon Wireless To view MSCA program Layout Design Charla Evenson , Caribou Coffee Company, 17 18 19 20 21 22 23 Andrea Komschlies Inc. presentations, click here . (C) 612-327-0140 24 25 26 27 28 29 30 Minnesota Shopping Center Association 8120 Penn Avenue South, Suite 464 | Bloomington, MN 55431 www.msca-online.com (F) 952-888-0000

NEWSLETTER COMMITTEE ROSTER Member News Co-Chairs Please contact any • Jeremy Striffler , Cushman & Wakefield/NorthMarq member of the Newsletter MFRA, Inc has changed their name to Sambatek, Inc. • Judy Lawrence , Kraus-Anderson Companies Committee with Committee: suggestions or article • Peter Berrie, Faegre Baker Daniels LLP ideas. • Greg Brenny, Fafinski Mark & Johnson, P.A. • Steve Day, Sullivan | Day Construction NEW MSCA MEMBERS • Jesseka Doherty, Mid-America Real Estate – Minnesota, LLC • Phil Foster, CMA Cole Peterson, The Hexum Companies • Lindsay Gardenhire, Jones Lang LaSalle • Richard Jahnke, Sunbelt Business Brokers Mike Tait, Outdoor Environments, Inc. • Natina James, RSP Architects, Ltd. • Jackie Knight, The Ackerberg Group Eddie Gillis, John's Sewer & Drain Cleaning • Greg LaMere, Metro Equity Management LLC • Susanne Miller, Loucks Associates Catherine Gillis, John's Sewer & Drain Cleaning • Brandon O’Connell, Mid-America Real Estate – Minnesota LLC • Nicole Wagner, Paster Enterprises Matthew Duffy, Think Digital Signs • Bill Wittrock, RSP Architects, Ltd. Mike Melton , Bauer Design Build LLC

THIRD THURSDAYS Next Meeting : Thursday, July 17 Time: 8:30 – 10:00 am Where: Caribou Coffee – 12601 Nicollet Ave, Burnsville Greeters: Mike Sturdivant – Paster Enterprises Matt Parten – PAR-10 Companies What: Casual networking hosted by MSCA members Why: Create synergy in the commercial real estate industry — share ideas and stories and make new effective relationships. RSVP to Ryan is preferred, but not required.

MSCA Connection July 2014 7 Program Recap Meet the Mall Managers – by Philip Foster , CMA Shopping Center Secrets

June Program Speakers (l to r) Mike Sims, Mid-America Real Estate – Minnesota, LLC (moderator) Jodi Settersten Coyer, CBL & Associates Properties Nancy Litwin, Cypress Equities Jennie Zafft, UCR Asset Services Joan Suko, General Growth Properties Paula Mueller, Glimcher Properties Maureen Hooley Bausch, Triple Five Group Chad Macy, Jones Lang LaSalle (JLL)

he June 2014 MSCA program brought seven metro area filmed the first season of a reality show called “Food Court shopping centers to discuss their growth strategies and Wars” airing on the Foot Network. When Northtown Mall held reveal some secrets on how to stay ahead of the trends. its Grand Opening in 1972, it hosted celebrities Ernest Borgnine TRepresented were Mall of America , , Eden and singer Peggy Lee for the festivities. Prairie Center , , Northtown Mall , Ridgedale Mike asked each manager to list their CAM, taxes and rent for Center and The Shoppes at . Representing mall an approximately 5,000 sf prime location within the mall management were Maureen Hooley Bausch, Triple Five assuming a solid tenant prospect. Each manager said that it is Group; Jodi Settersten Coyer, CBL Properties & Associates; not as easy to throw out a number like that as each tenant is Nancy Litwin, Cypress Equities; Chad Macy, JLL; Paula Mueller, different and every deal has so many variables. On the low Glimcher Properties; Joan Suko, General Growth Properties end of CAM/taxes was The Shoppes at Arbor lakes at 15% all and Jennie Zafft, UCR Asset Services, respectively. in and on the higher end was Mall of America at 59% all in. The moderator, Mike Sims, Mid-America Real Estate, started off Rents ranged from $35-$75/sf which again had many variables by asking each to provide a brief bio of their mall and some that altered these numbers. interesting “fun facts” to share. Each mall described its main Each mall representative answered some audience questions anchor, i.e., Von Maur, Target, Macy’s, JCPenney, Herberger’s, and the main focus was staying ahead of current trends such Home Depot to name a few. Other facts shared were overall as social media, gathering spaces for the customer and retail square footage, annual visitors, year opened, future continuing to create new and exciting experiences to draw in retailers soon to open and major attractions within the malls. the consumer and keep them longer in the mall. An interesting “fun fact” at Burnsville Center was that they

June Program July Program Preview Professional Showcase Economic Outlook: Sever Construction The Full Spectrum Sever Construction is a full-service general contractor for Please plan to attend the July 9 program titled Economic the commercial industry. The SCC team is focused on Outlook: The Full Spectrum from Federal, State and Local providing excellent service and achieving results for all of its Levels. Three featured panelists will present current and clients. future economic conditions that are affecting you, your Brian Trinh from The Ackerberg Group was the winner of the business and the retail real estate industry from the 28” TV, which Sever gave away. federal, state and local levels. This program will focus on where interest rates and inflation are heading, how current and future demographics dictate development, and what major trends will affect the economy, just to name a few. Look for the flier in your inbox for registration or online. Join us on Wednesday, July 9 at the Doubletree Hotel - Park Place - Minneapolis. Register now !

MSCA Connection July 2014 8 Q2 2014 Minneapolis-St. Paul Retail Openings & Closings

OPENINGS: 6Smith (Wayzata) Kyoto Sushi (Uptown) Agra Culture (50th & France) Lakewinds Food Co-op (Richfield) Agra Culture (Uptown) Lole (Minneapolis – North Loop) Athleta (Rosedale Center) Lucky 13’s Pub (Burnsville Center) Benihana (Mall of America) Lunds (St. Paul – Downtown) Boss’ Pizza & Chicken (South Minneapolis) My Dog Spot (Cottage Grove) Brasserie Zentral (Minneapolis – Downtown) Nelson’s Ice Cream (St. Paul) Cabela’s (Woodbury) Old Tyme Fudge & Ice Cream (Cottage Grove) Cook St. Paul (St. Paul) Planet Fitness (Burnsville) CorePower Yoga (Minneapolis – Northeast) Planet Fitness (Coon Rapids) David Yurman (Galleria) Proper & Prim (Minneapolis – LynLake) Dong Hae (Minneapolis – Downtown) Red Cow (St. Paul) Erbert & Gerbert’s (Eagan) Rita’s Italian Ice (Eagan) Filson (Minneapolis – North Loop) Running Room (Mall of America) Firehouse Subs (Richfield) Runnings (Monticello) Goodwill (Cottage Grove) Salon Concepts (Richfield) Grethen House (Minneapolis – North Loop) Shinola (Minneapolis – North Loop) Heyday (Uptown) Sober Fish (Minneapolis – Seward) Herberger’s Clearance Center (Maplewood) Sola Salons (Uptown) Hola Arepa (Minneapolis) Sweet Pea’s Public House (St. Paul) Honest-1 Auto Care (Minneapolis) Tin Whiskers Brewing Co. (St. Paul – Downtown) Hot Indian Foods (Minneapolis) Vom Fass (Mall of America) Idun (St. Paul) Von Hanson Meats (Richfield) JL Beers (Minneapolis – Northeast)

CLOSINGS: Fresh Seasons Market (Minnetonka) Fresh Seasons Market (Victoria) Nami (Minneapolis – Downtown) Paperista (50th & France) The Corner Door (Wayzata) Outstate OPENINGS: Soccer Advantage (Rochester) Chipotle (Duluth) Sports Clips (Duluth) Deutsch Furniture Haus (Rochester) Verizon Wireless (Duluth) Duluth Trading Co. (Duluth) Panera Bread (Duluth) CLOSINGS: Runnings (Austin) China Star (Rochester) Sleep Number (Duluth) Hers (Rochester – )

List provided by the Retail Services team at Cushman & Wakefield/NorthMarq. For the latest Twin Cities retail real estate news, check out www.cushwakenmretail.com

MSCA Connection July 2014 9 23rd Annual MSCA Golf Tournament

t was a beautiful sunny day for the 23rd Annual Golf Tournament held on June 16. It was another great year of golfing and networking with other MSCA members and their Iclients. We are happy to report that we had 282 golfers and 66 feature/event hole/green sponsors. The Golf Committee puts a lot of time and effort into preparations for the event. In addition, many volunteers offered their time to help make the event a success. We would like to recognize and thank Cutting Edge Property CREDC Silent Auction Raises Funds Maintenance as our Golf Tournament Title sponsor, The for Scholarship Fund Mandinec Group Landscaping Inc. and Mid-America Real Estate – Minnesota, LLC as the Oasis sponsors which hosted Thank you to the following companies/organizations for chips, salsa, margaritas and Coronas. In addition, their donation items to the silent auction that raised money NaturalGreen Landscape Management was our golf Bag Tag for the Commercial Real Estate Diversity Collaborative sponsor and Lindstrom Commercial Realtors and Stonewood (CREDC) Scholarship Fund. We are proud to say that $1,935 was raised through the silent auction at MSCA’s golf Properties were our Dinner sponsors. We would also like to tournament held on June 16. All of the auction proceeds extend a huge thank you to H.J. Development, Inc. who will be added to the CREDC’s real estate scholarship fund sponsored the bag lunches, Kraus-Anderson Companies for and scholarships will be awarded to college students in the the beverage sponsorship and to All Elements, Inc. for another local area. great year of sponsoring the decorated and fully stocked Par- American Engineering Testing, Inc. Tee Carts with great items! Three final sponsors we need to BOMA Greater Minneapolis thank are Landform Professional Services for the first ever CorNet Global - Midwest Chapter Bloody Mary/Screwdriver Sponsorship, and also to Inland Real Doubletree Minneapolis Park Place Hotel Estate Corporation partnering with Liquor Boy to bring back Foster Real Estate Advisory Services LLC our Wine Pull. Many thanks to all the companies that HGA sponsored holes, and all the hole sponsors that had fun and IREM interactive events. Additional thanks to Doug Sailor for singing MNCAR our national anthem and all the companies that donated MSCA raffle and good bag items. NAIOP - Minnesota REIT Management & Research LLC A special thank you goes out to all the committee members U.S. Bank Commercial Real Estate Finance and volunteers who gave their time and expertise in making Thank you donors and bidders for your support to our this great event possible. A job well done! scholarship fund! We all look forward to next year’s event being even more successful so mark your calendars for the 24th Annual MSCA Thank you to all MSCA golfers and volunteers for your help Golf Tournament scheduled for June 15, 2015 ! and dedication to the 23rd Annual Golf Tournament. ~ Karla & Ryan, MSCA Staff

MSCA Connection July 2014 10 Course Winners

OVERALL – Crossroads Course: OVERALL - Signature Course: 1st Place: 1st Place: Todd Streed Luann Johnson Paul Stearns Erik Nordstrom Ben Greve Nick Reynolds Dick Simmons Nathan Hanson Proximity: Dan Schattal Proximity: Matt Alexander Longest Putt: Jay Moore Longest Putt: Brian Farrell Longest Drive (Women): Lori Parks Longest Drive (Women): Kim Hayden Longest Drive (Men): Andy Heieie Longest Drive (Men): Scott Michaelis PLAyERS POOL WINNERS – Crossroads Course PLAyERS POOL WINNERS – Signature Course Mike Collins Patrick Craig Jamie Swanson John Richardson And guests Dave Nelson Jim LaPlant

HOLE EVENT WINNERS Hole Sponsor Give-Away Winners American Engineering Testing, Inc. Cooler filled with craft beer Erik Saltvold BELFOR Property Restoration MN Twins basket Erik Sheaffer CMA $50 Best Buy gift card & Jay Moore $50 Gander Mt card Doug Sailor Commercial Partners Title, LLC Three skull bottles of vodka 3 teams from the Signature course CoStar Group Two gift cards to Stella’s Laura Moore and Brian Lappin CSM Corporation YETI cooler & MN brewery package Jeff Wurst Cutting Edge Property Maintenance Two $100 VISA gift cards Jim LaPlante and Dennis Meadows DLR Group Gift card for a flight simulator Josh Huempfner First American Title Insurance New putter Paul Nephew Guaranty Commercial Title $200 cash Pat Barrett Kimley-Horn and Associates, Inc. Two $100 VISA gift cards Mel Shultz and Jeff Proulx Marcus & Millichap iPad mini Greg Linder McDonough’s Water Jetting and Drain Cleaning Two bottles of Grey Goose vodka Peter Knudsvig and Andy Heieie MNCAR Exchange powered by Xceligent Bose speaker Sean Doyle PAR-10 Companies Grilling set, lawn game, $50 Menards card Dave Egbert Paster Enterprises iPad mini Jay Moore Reliable Property Services LLC Fitbit Justin Luetschwager Rosedale Center $100 Rosedale Center gift card Keith Sturm Sambatek, Inc. iPad Joe Boone United Properties Twins tickets Brent Rogers WaterStone Bank Two Amazon Fire’s Dave Scott and Brian Busser Wenck Associates, Inc. Golf balls and a cooler Sean Quinn Westwood Professional Services $100 Target card & $100 Cub Foods card Pat Kasid and Rick Schroeder

THANK yOU VOLUNTEERS! We couldn’t have done it without you. Peter Austin, WaterStone Bank Laura Moore, Moore & Co. Commercial Real Estate Deb Carlson, Cushman & Wakefield/NorthMarq Paula Mueller, Northtown Mall/Glimcher Realty Trust Chelsea Clyne, Inland Real Estate Corporation Bill Parr, Talberg Lawn & Landscape Mike Collins, Cutting Edge Property Maintenance Sue Pederson, DryTech Co, LLC Jon Fahning, Shingobee Builders Theresa Ryan, Interstate Companies Dainen Herman, NaturalGreen Landscape Management Julie Stanke, Fresh Paint, Inc. Charlie Hexum, Mid-America Real Estate – Minnesota, LLC Trish Stinnett, Landform Professional Services Dan Jernberg, All Elements, Inc. Jamie Swanson, Kraus-Anderson Companies Anne Jeske, Kraus-Anderson Companies Brenda Thomas, Inland Real Estate Corporation Anne Kreiser, Kraus-Anderson Companies Sheila Zachman, Commercial Realty Solutions Christy Lewis, The Opus Group Jennie Zafft, UCR Asset Services

MSCA Connection July 2014 11 SPONSORS & DONORS

Golf Sponsors Golf Sponsors

HOLE & GREEN SPONSORS: GOLF TOURNAMENT TITLE SPONSOR: ACI Asphalt Contractors, Inc. Cutting Edge Property Maintenance American Engineering Testing OASIS SPONSORS: Aspen Waste Systems Barna, Guzy & Steffen Crossroads: The Mandinec Group Landscaping Inc. BELFOR USA Property Restoration Signature: Mid-America Real Estate – Minnesota, LLC BMO Harris Bank LUNCH SPONSOR: H.J. Development, Inc. Briggs and Morgan, P.A. CMA BEVERAGE SPONSOR: Kraus-Anderson Companies

Commercial Partners Title, LLC PAR-TEE CART SPONSOR: All Elements Roofing, Inc. CoStar Group BAG TAG SPONSOR: NaturalGreen Landscape CSM Corporation Management Cushman & Wakefield/NorthMarq Cutting Edge Property Maintenance BLOODy MARy/SCREWDRIVER SPONSOR: Landform Professional Services DLR Group DryTech Co, LLC WINE PULL SPONSORS: Inland Real Estate Corporation and Liquor Boy First American Title Insurance Company Fredrikson & Byron, P.A. DINNER SPONSORS: Lidstrom Commercial Realtors Guaranty Commercial Title, Inc. and Stonewood Properties, Inc. Interstate Companies JLL Kimley-Horn and Associates, Inc. Goodie Bag Donors Marcus & Millichap McDonough's Water Jetting and Drain Cleaning Aspen Waste Systems Briggs & Morgan, P.A. Metro Paving, Inc. Christensen & Co. Midwest Maintenance & Mechanical, Inc. Doran Companies Minneapolis/St. Paul Business Journal Stewart Title Insurance TCI Architects, Engineers, Contractor, Inc. Minnesota Real Estate Journal MNCAR powered by Xceligent Oppidan, Inc. Raffle Donors Par-10 Companies Aspen Waste Systems Lindquist & Vennum Plunkett's Pest Control Barna, Guzy & Steffen Mall of America Beyond Beauty Skin Clinic Natural Reflections Reliable Property Services Bremer Bank Old Republic National Title Sambatek, Inc. (formerly MFRA, Inc.) Commercial Realty Solutions Insurance Talberg Lawn and Landscape, Inc. Diehl & Partners Ryan Companies US, Inc. TCI Architects/Engineers/Contractor, Inc. Doran Companies The Shoppes at Arbor Lakes Faegre Baker Daniels Stanley & Wencl The Crew Facility & Maintenance Holiday Companies The Lawn Ranger Outdoor Services Huntley Law, LLC The Opus Group United Properties many Thanks Victory Capital Corporation to our sponsors and Wenck Associates, Inc. Westwood Professional Services donors

MSCA Connection July 2014 12 JULY INSERT FEATURE: STARR SM Awards Nomination Form

SM STARR AwarCdAsLL FOR NOMINATIONS Projects Completed by: September 1, 2013 - August 31, 2014 Deadline: Nominations must be received via mail or fax by July 11, 2014. Categories The annual MSCA hopping Center ribute wards for etail eal Estate Please check ONE (1) box. S T A R R (STARRSM) 2014 competition recognizes outstanding projects and industry leaders of Minnesota retail real estate and development.

1Interior Design Eligibility Restaurant/Food Service Retail/Non-Food Service Projects completed and occupied between 2 New Construction September 1, 2013 - August 31, 2014 are eligible. Retail under 10,000 sf Retail 10,000 sf – 20,000 sf Entries must be within the state of Minnesota. Retail over 20,000 sf Any one retail project 3 Design & Aesthetics Renovation/Remodel may be submitted in A retail project that was an enhancement of an existing retail structure. multiple categories (use a separate form). Interior Retail under 5,000 sf Interior Retail 5,000 sf – 15,000 sf There is no fee associated with making a nomination. Interior Retail over 15,000 sf Upon qualification, Exterior Retail under 20,000 sf projects are subject to a Exterior Retail over 20,000 sf fee. Upon receipt of all nominations and after 4 Development Process qualification, MSCA will Any size project with a retail component that had unique development issues, site mail final entry forms, guidelines, judging criteria approvals, technical and financial challenges and/or incorporating sustainable and fee information to the design, materials or construction techniques. submittal contact. 5Redevelopment Awards will be presented Any size project with a retail component that had an identifiable change of use to the at the STARRSM Awards holiday party on Tuesday, project. December 2, at Golden Valley Country Club in 6Mixed Use Golden Valley. Any size project encompassing retail and other non-retail uses where retail has made a significant contribution.

Name of Nominated Project ______

Award Category ______

Project Address ______City ______

Nominated By ______Phone ______

Submittal Contact ______Phone ______

Company ______

Address ______

Email ______

Copies of this form are acceptable. If you have questions, please contact Karla Keller Torp at (952) 888-3490.

MINNESOTA SHOPPING CENTER ASSOCIATION phone: 952-888-3491 8120 Penn Avenue South, Suite 464 fax: 952-888-0000 Bloomington, MN 55431 web: msca-online.com

MSCA Connection July 2014 13